The inflation rate for the Retail Price Index (RPI) in the United Kingdom was 4.3 percent in May 2025, down from 4.5 percent in the previous month. From 2021 onwards, prices in the UK rose rapidly, with the RPI inflation rate peaking at 14.2 percent in October 2022. Although inflation fell in subsequent months, it wasn't until July 2023 that inflation fell below double digits, and as of late 2024, the RPI rate was still above three percent. The CPI and CPIH While the retail price index is still a popular method of calculating inflation, the consumer price index (CPI) is the current main measurement of inflation in the UK. There is also an additional price index, which includes some extra housing costs, known as the Consumer Price Index including homer occupiers' costs (CPIH) index, which is seen by the UK's Office of National Statistics as the official inflation rate. As of December 2024, the CPI inflation rate stood at 2.5 percent, while the CPIH rate was 3.5 percent. Core inflation down in 2024 Another way of measuring inflation is to strip out the volatility of energy and food prices and look at the underlying core inflation rate. As of December 2024, this was 3.2 percent, slightly higher than the overall CPI rate, but more aligned with the overall figure than it was in 2022 and 2023. When inflation peaked at 11.2 percent in October 2022, for example, core inflation stood at just 6.5 percent. After energy prices in 2023 fell relative to 2022, the overall inflation rate in the UK declined quite rapidly, with core inflation overtaking the overall rate in July 2023. During the most recent period of high inflation, core inflation peaked at 7.1 percent in May 2023, and while taking longer to fall than the overall figure, has generally been declining since then.

Retail Price Index in the United Kingdom increased to 4.50 percent in April from 3.20 percent in March of 2025. This dataset provides - United Kingdom Retail Price Index YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Retail Price Index (RPI) is one of the main measures of inflation used to calculate the change in the price of goods and services within the British economy. In the first quarter of 2025 the index value was 393.7, indicating that the price for a fixed basket of goods had increased by almost 294 percent since 1987. The RPI inflation rate for March 2025 was 3.2 percent, down from 3.4 percent in the previous month. Inflation and UK living standards For UK consumers, high inflation is one of the main drivers of the ongoing cost of living crisis. With wages struggling to keep up with the pace of inflation for a long period between 2021 and 2023, UK households saw their living standards fall significantly. In 2022/23, real household disposable income in the UK is estimated to have fallen by 2.1 percent, which was the biggest fall in living standards since 1956. While there have been some signals that the crisis eased somewhat in 2024, such as falling energy and food inflation, an increasing share of UK households have reported increasing living costs since Summer 2024. Additional inflation indicators Aside from the Retail Price Index, the UK also produces other inflation indices such as the Consumer Price Index (CPI) and the Consumer Price Index including owner occupiers' housing costs (CPIH). While these particular indices measure consumer price increases slightly differently, they both provide an overall picture of rising prices. More specific inflation rates, such as by sector, are also produced, while other indices omit certain items, such as core inflation, which excludes food and energy inflation, to provide a more stable measure of inflation.

United Kingdom UK: Retail Price Index: All Items data was reported at 117.665 2010=100 in 2016. This records an increase from the previous number of 115.663 2010=100 for 2015. United Kingdom UK: Retail Price Index: All Items data is updated yearly, averaging 36.329 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 117.665 2010=100 in 2016 and a record low of 3.801 2010=100 in 1948. United Kingdom UK: Retail Price Index: All Items 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: Annual.

Inflation is an important measure of any country’s economy, and the Retail Price Index (RPI) is one of the most widely used indicators in the United Kingdom, with the rate expected to be 4.1 percent in 2025, compared with 3.6 percent in 2024. This followed 2022, when RPI inflation reached a rate of 11.6 percent, by far the highest annual rate during this provided time period. CPI vs RPI Although the Retail Price Index is a commonly utilized inflation indicator, the UK also uses a newer method of calculating inflation, the Consumer Price Index. The CPI, along with the CPIH (Consumer Price Index including owner occupiers' housing costs) are usually preferred by the UK government, but the RPI is still used in certain instances. Increases in rail fares for example, are calculated using the RPI, while increases in pension payments are calculated using CPI, when this is used as the uprating factor. The use of one inflation measure over the other can therefore have a significant impact on people’s lives in the UK. High inflation falls to more typical levels by 2024 Like the Retail Price Index, the Consumer Price Index inflation rate also reached a recent peak in October 2022. In that month, prices were rising by 11.1 percent and did not fall below double figures until April 2023. This fall was largely due to slower price increases in key sectors such as energy, which drove a significant amount of the 2022 wave of inflation. Inflation nevertheless remains elevated, fueled not only by high food inflation, but also by underlying core inflation. As of February 2025, the overall CPI inflation rate was 2.8 percent, although an uptick in inflation is expected later in the year, with a rate of 3.7 percent forecast for the third quarter of the year.

Graph and download economic data for Consumer Price Index: Retail price Index: All Items for the United Kingdom (CPRPTT01GBM661N) from Jan 1960 to Feb 2018 about United Kingdom, all items, retail, CPI, housing, price index, indexes, and price.

Consumer Price Index CPI in the United Kingdom increased to 138.40 points in May from 138.20 points in April of 2025. This dataset provides the latest reported value for - United Kingdom Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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

This statistic shows the predicted change in retail prices index (RPI) in the United Kingdom (UK) between 2017 and 2023. A slight and steady decline is forecasted to occur during the period from 2018 to 2023.

United Kingdom Retail Price Index: Weights: All Items data was reported at 1,000.000 Per 1000 in 2018. This stayed constant from the previous number of 1,000.000 Per 1000 for 2017. United Kingdom Retail Price Index: Weights: All Items data is updated yearly, averaging 1,000.000 Per 1000 from Dec 1947 (Median) to 2018, with 72 observations. The data reached an all-time high of 1,000.000 Per 1000 in 2018 and a record low of 1,000.000 Per 1000 in 2018. United Kingdom Retail Price Index: Weights: All Items data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.I012: Retail Price Index: Weights.

United Kingdom Retail Price Index: Consumer Durables data was reported at 136.300 13Jan1987=100 in Sep 2018. This records an increase from the previous number of 134.800 13Jan1987=100 for Aug 2018. United Kingdom Retail Price Index: Consumer Durables data is updated monthly, averaging 108.500 13Jan1987=100 from Jan 1987 (Median) to Sep 2018, with 381 observations. The data reached an all-time high of 136.300 13Jan1987=100 in Sep 2018 and a record low of 86.700 13Jan1987=100 in Jan 2009. United Kingdom Retail Price Index: Consumer Durables data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.I011: Retail Price Index.

Price quote data (for locally collected data only) and consumption segment indices that underpin consumer price inflation statistics, giving users access to the detailed data that are used in the construction of the UK’s inflation figures. The data are being made available for research purposes only and are not an accredited official statistic. From October 2024, private school fees and part-time education classes have been included in the consumption segment indices file. For more information on the introduction of consumption segments, please see the Consumer Prices Indices Technical Manual, 2019. Note that this dataset was previously called the consumer price inflation item indices and price quotes dataset.

The inflation rate for the Retail Price Index in the United Kingdom in the fourth quarter of 2022 reached **** percent, before falling in the subsequent quarters. The RPI rate in the fourth quarter of 2024 was *** percent, with an uptick expected in RPI inflation expected in 2025, peaking at *** percent in the third quarter of 2025.

Comprehensive database of time series covering measures of inflation data for the UK including CPIH, CPI and RPI.

Consumer price index (2010 = 100) in United Kingdom was reported at 147 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Consumer price index (2010 = 100) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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 Retail Price Index: Weights: Household Goods data was reported at 68.000 Per 1000 in 2018. This records an increase from the previous number of 65.000 Per 1000 for 2017. United Kingdom Retail Price Index: Weights: Household Goods data is updated yearly, averaging 72.000 Per 1000 from Dec 1974 (Median) to 2018, with 45 observations. The data reached an all-time high of 82.000 Per 1000 in 1976 and a record low of 59.000 Per 1000 in 2015. United Kingdom Retail Price Index: Weights: Household Goods data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.I012: Retail Price Index: Weights.

Consumer Price Index (CPI) in the United Kingdom, May, 2025 The most recent value is 138 index points as of May 2025, an increase compared to the previous value of 137.7 index points. Historically, the average for the United Kingdom from January 1996 to May 2025 is 92.4788 index points. The minimum of 67.8 index points was recorded in January 1996, while the maximum of 138 index points was reached in May 2025. | TheGlobalEconomy.com

The Consumer Prices Index (CPI) and the Retail Prices Index (RPI) measure the changes from month to month in the cost of a representative 'basket' of goods and services bought by consumers within the UK. This involves weighting together price changes in the indices according to household spending patterns for different categories of goods and services so that each takes its appropriate share. At the beginning of each year the weights used to compile both the CPI and RPI are updated using the latest available information on household spending. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: Updating Weights