When surveyed in October 2024, some 68 percent of respondents in the United Kingdom stated that they expected grocery prices to increase. This figure initially increased from the start of the survey period in September 2021 and peaked at 81 percent in June and October 2022.

Key information about House Prices Growth

• UK house prices grew 3.8% YoY in Feb 2025, following an increase of 4.0% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1992 to Feb 2025, with an average growth rate of 4.3%.
• House price data reached an all-time high of 26.4% in Jan 2003 and a record low of -17.5% in Feb 2009.

CEIC calculates House Prices Growth from monthly House Price Index. Nationwide provides House Price Index with base Q1 1993=100.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in March 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

Monthly and annual inflation rates for UK input and output producer price inflation (PPI), 1996 to 2025.

Experimental statistics of detailed industry wages from the Monthly Wages and Salaries Survey, with comparison industry output price data, from the article "Analysis of wage and price increases, UK: 2011 to 2023.

In March 2025, the inflation rate for food prices in the United Kingdom was measured at three percent. A period of continuous deflation between March 2015 and January 2017 preceded a return to a sustained rise in the cost of food from February 2017 onwards. While food prices were deflating between September 2020 and July 2021, they started increasing rapidly from August 2021 to March 2023. The inflation rate started to decline from April 2023. Inflation rate and consumer price indexInflation is commonly measured via the consumer price index, which illustrates changes to prices paid by consumers for a representative basket of goods and services. An annualized percentage change in the price index constitutes a measure of inflation. In order to maintain an inflation rate at a stable level, to enable the general public and businesses to plan their spending, the Government set a two percent inflation target for the Bank of England. The discounter boom The increase in food prices in the United Kingdom has shifted shopping behaviours amongst consumers. Value is now key and shoppers are changing their retailer loyalties. Aldi, the German discount supermarket retailer, overtook Morrisons as Great Britain's fourth largest supermarket in September of 2022. Aldi's market share reached double digits for the first time in April 2023. It is yet to be seen if Lidl, Aldi's discounter competitor, can also continue to rise up in the ranks and eventually take over Morrisons as the fifth leading food retailer.

Learn about the recent increase in UK vegetable prices, with the average price rising to $1,681 per ton. Stay informed on the latest agricultural news with our article.

House Price Index YoY in the United Kingdom decreased to 2.50 percent in May from 3.20 percent in April of 2025. This dataset includes a chart with historical data for the United Kingdom House Price Index YoY.

Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

As of January 2025 in the UK, the price for one iceberg lettuce had increased by 22 percent compared to the previous year. Oranges, blueberries, and onions were the only fresh fruit and vegetable products to decrease in price.

Average weekly earnings for the whole economy, for total and regular pay, in real terms (adjusted for consumer price inflation), UK, monthly, seasonally adjusted.

Key information about United Kingdom Producer Price Index Growth

• United Kingdom Producer Price Index (PPI) grew 2.8 % YoY in May 2023, compared with a growth of 5.1 % YoY in the previous month.
• UK Producer Price Index data is updated monthly, available from Jan 1958 to May 2023, with an average change of 3.6 % YoY.
• The data reached an all-time high of 27.5 % YoY in Jan 1975 and a record low of -7.3 % YoY in Jul 2009.

CEIC calculates Producer Price Index Growth from monthly Producer Price Index. Office for National Statistics provides Producer Price Index with base 2015=100. Producer Price Index Growth covers Manufacturing sector only. Producer Price Index Growth prior to January 1997 is calculated from Producer Price Index with base 2010=100 sourced from the International Monetary Fund.

Inflation Rate in the United Kingdom decreased to 3.40 percent in May from 3.50 percent in April of 2025. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom UK: Producer Price Index: Output Manufacturing Product data was reported at 110.518 2010=100 in Mar 2018. This records an increase from the previous number of 110.285 2010=100 for Dec 2017. United Kingdom UK: Producer Price Index: Output Manufacturing Product data is updated quarterly, averaging 57.488 2010=100 from Mar 1957 (Median) to Mar 2018, with 245 observations. The data reached an all-time high of 115.419 2010=100 in Sep 2013 and a record low of 7.724 2010=100 in Mar 1957. United Kingdom UK: Producer Price Index: Output Manufacturing Product data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Consumer and Producer Price Index: Quarterly.

In April 2025, the UK inflation rate was 3.5 percent, with prices rising fastest in the housing, water, electricity, gas and other fuels sector, which had an inflation rate of 7.8 percent. In this month, prices were rising in all sectors, except for in the clothing and footwear, and furniture sectors. UK inflation falls in 2024 After reaching a peak of 11.1 percent in October 2022, the CPI inflation rate in the UK gradually declined over several months, falling to a low of 1.7 percent by August 2024. An uptick in inflation has occurred since that month, however, and by the end of the year inflation was at 2.5 percent above the Bank of England's target rate of 2 percent. Going into 2025, recent forecasts suggest that over the course of the year, inflation will average out at 2.6 percent, with the 2 percent target not met on an annual basis until at least 2029. Roots of the inflation crisis This long period of high inflation that the UK and much of the world experienced had its roots in the post-pandemic economic recovery of 2021. During that year, as consumer demand returned, global supply chains struggled to return to full capacity, resulting in prices rising. With inflation already elevated going into 2022, Russia's invasion of Ukraine added even more inflationary pressures to the global economy. European markets which were heavily reliant on Russian oil and gas gradually phased out hydrocarbons from their economies. Food prices were also heavily impacted due to Ukraine's difficulty in exporting its agricultural products.

Key information about United Kingdom Nominal Residential Property Price Index Growth

• United Kingdom Nominal Residential Property Price Index Growth was reported at 2.349 % in Sep 2024.
• This records an increase from the previous number of 0.819 % for Jun 2024.
• UK Nominal Residential Property Price Index Growth data is updated quarterly, averaging 7.702 % from Jun 1969 to Sep 2024, with 222 observations.
• The data reached an all-time high of 50.980 % in Mar 1973 and a record low of -15.424 % in Mar 2009.
• UK Nominal Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Month-on-month growth rates along with standard errors for the all manufacturing Producer Price Index (PPI; gross sector output including duty), January 2018 to December 2018.