32 datasets found
  1. RPI inflation rate in the UK 2015-2025

    • statista.com
    Updated Nov 19, 2025
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    Statista (2025). RPI inflation rate in the UK 2015-2025 [Dataset]. https://www.statista.com/statistics/285203/percentage-change-of-the-retail-price-index-rpi-in-the-uk/
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    Dataset updated
    Nov 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2015 - Oct 2025
    Area covered
    United Kingdom
    Description

    The inflation rate for the Retail Price Index (RPI) in the United Kingdom was 4.3 percent in October 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.

  2. RPI in the UK 2000-2025

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). RPI in the UK 2000-2025 [Dataset]. https://www.statista.com/statistics/306748/united-kingdom-uk-retail-price-index-rpi/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    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 third quarter of 2025 the index value was 403.2, indicating that the price for a fixed basket of goods has increased by more than 300 percent since 1987. The RPI inflation rate in September 2025 was 4.5 percent, up from 3.6 percent at the start of the year. 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.

  3. g

    CPI and RPI Index: Updating Weights | gimi9.com

    • gimi9.com
    Updated Mar 20, 2005
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    (2005). CPI and RPI Index: Updating Weights | gimi9.com [Dataset]. https://gimi9.com/dataset/uk_cpi_and_rpi_index-updating_weights/
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    Dataset updated
    Mar 20, 2005
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    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

  4. RPI annual inflation rate UK 2019-2030

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). RPI annual inflation rate UK 2019-2030 [Dataset]. https://www.statista.com/statistics/374890/rpi-rate-forecast-uk/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    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 have reached an annual average of 4.3 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 eases in 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.

  5. CPI and RPI Index: Updating Weights

    • data.europa.eu
    • data.wu.ac.at
    html
    Updated Mar 20, 2005
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    Office for National Statistics (2005). CPI and RPI Index: Updating Weights [Dataset]. https://data.europa.eu/data/datasets/cpi_and_rpi_index-updating_weights
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    htmlAvailable download formats
    Dataset updated
    Mar 20, 2005
    Dataset authored and provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    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

  6. o

    Inflation (RPI, RPIX, RPI pensioners, RPI low income) - Datasets -...

    • opendata.gov.je
    Updated Sep 25, 2015
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    (2015). Inflation (RPI, RPIX, RPI pensioners, RPI low income) - Datasets - Government of Jersey Open Data [Dataset]. https://opendata.gov.je/dataset/rpi-rpi-x-rpi-y-rpi-pensioners-and-rpi-low-income-percentage-changes
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    Dataset updated
    Sep 25, 2015
    License
    Area covered
    Jersey
    Description

    RPI, RPI(X), RPI(Y), RPI (pensioners) and RPI (low income) percentage changes and index numbers. The latest report on the Retail Prices index is published here on stats.je.

  7. d

    Retail Price Index (RPI) - Datasets - Government of the Republic of Trinidad...

    • data.gov.tt
    Updated Nov 21, 2023
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    (2023). Retail Price Index (RPI) - Datasets - Government of the Republic of Trinidad and Tobago Open Data Platform [Dataset]. https://data.gov.tt/dataset/retail-price-index
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    Dataset updated
    Nov 21, 2023
    Area covered
    Trinidad and Tobago
    Description

    The Retail Price Index (RPI) is a tool that helps us understand how the prices of everyday items change over time in Trinidad and Tobago. Imagine you have a shopping basket filled with various items people commonly buy, like food, gas, and other services. The RPI keeps track of how the prices of these items in the basket change each month. To do this, experts regularly check the prices of these items in fifteen (15) different areas across Trinidad and Tobago. They visit local stores, markets, and gas stations to note the current prices of food and gas, which tend to change often. For items whose prices do not change as quickly, they check the prices every three (3) months. This way, the RPI gives a clear picture of how much more or less it costs to buy the same set of items over time.

  8. CPI and RPI Basket of Goods and Services - Dataset - data.gov.uk

    • ckan.publishing.service.gov.uk
    Updated Dec 10, 2011
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    ckan.publishing.service.gov.uk (2011). CPI and RPI Basket of Goods and Services - Dataset - data.gov.uk [Dataset]. https://ckan.publishing.service.gov.uk/dataset/cpi_and_rpi_basket_of_goods_and_services
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    Dataset updated
    Dec 10, 2011
    Dataset provided by
    CKANhttps://ckan.org/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    The 'shopping basket' of items making up the Consumer Prices Index (CPI) and Retail Prices Index (RPI) are reviewed every year. Some items are taken out of the basket, some are brought in, to reflect changes in the market and to make sure the CPI and RPI are up to date and representative of consumer spending patterns. This article describes the review process and explains how and why the various items in the CPI and RPI baskets are chosen. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: Basket of Goods

  9. g

    CPI and RPI Basket of Goods and Services | gimi9.com

    • gimi9.com
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    CPI and RPI Basket of Goods and Services | gimi9.com [Dataset]. https://gimi9.com/dataset/uk_cpi_and_rpi_basket_of_goods_and_services
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    Description

    The 'shopping basket' of items making up the Consumer Prices Index (CPI) and Retail Prices Index (RPI) are reviewed every year. Some items are taken out of the basket, some are brought in, to reflect changes in the market and to make sure the CPI and RPI are up to date and representative of consumer spending patterns. This article describes the review process and explains how and why the various items in the CPI and RPI baskets are chosen. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: Basket of Goods

  10. Consumer price inflation detailed briefing note

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Nov 19, 2025
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    Office for National Statistics (2025). Consumer price inflation detailed briefing note [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflationdetailedbriefingnote
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    xlsxAvailable download formats
    Dataset updated
    Nov 19, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    The consumer price inflation detailed briefing note contains details of the items contributing to the changes in the CPIH (and RPI), details of any notable movements, a summary of the reconciliation of CPIH and RPI, and the outlook, which looks ahead to next month’s release.

  11. T

    United Kingdom Retail Price Index YoY

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 20, 2021
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    TRADING ECONOMICS (2021). United Kingdom Retail Price Index YoY [Dataset]. https://tradingeconomics.com/united-kingdom/retail-price-index
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    json, csv, excel, xmlAvailable download formats
    Dataset updated
    Nov 20, 2021
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1948 - Oct 31, 2025
    Area covered
    United Kingdom
    Description

    Retail Price Index in the United Kingdom decreased to 4.30 percent in October from 4.50 percent in September of 2025. This dataset provides - United Kingdom Retail Price Index YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  12. Consumer price inflation tables

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Oct 22, 2025
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    Office for National Statistics (2025). Consumer price inflation tables [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflation
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    xlsxAvailable download formats
    Dataset updated
    Oct 22, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

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

  13. Data Sheet 1_Screening for psychotherapy readiness with the University of...

    • frontiersin.figshare.com
    pdf
    Updated Aug 12, 2025
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    Oliver Rumle Hovmand; Nina Reinholt; Anne Bryde Christensen; Bo Bach; Sidse Marie Arnfred (2025). Data Sheet 1_Screening for psychotherapy readiness with the University of Rhode Island Change Assessment Scale and the Readiness for Psychotherapy Index.pdf [Dataset]. http://doi.org/10.3389/fpsyg.2025.1530713.s001
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    pdfAvailable download formats
    Dataset updated
    Aug 12, 2025
    Dataset provided by
    Frontiers Mediahttp://www.frontiersin.org/
    Authors
    Oliver Rumle Hovmand; Nina Reinholt; Anne Bryde Christensen; Bo Bach; Sidse Marie Arnfred
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Rhode Island
    Description

    BackgroundIt is important to assess patients’ level of readiness before starting a course of psychotherapy, but only a few validated instruments are currently available for that purpose.MethodsPatients waiting for psychotherapy were administered the Danish translations of the University of Rhode Island Change Assessment Scale (URICA) and the Readiness for Psychotherapy Index (RPI) prior to commencing psychotherapy. We conducted confirmatory factor analysis of the instruments’ previously suggested factor structure, as well as evaluating the instruments’ ability to identify early adherence to psychotherapy by receiver operating characteristic (ROC) curves and regression analysis.ResultsOne hundred and fifty-five patients with emotional, personality, and post-traumatic stress disorders were included. The instruments showed poor to average psychometric properties and poor predictive validity regarding early adherence to psychotherapy.DiscussionFindings indicated that the Danish URICA and RPI possess average psychometric properties and have limited validity for predicting early adherence to psychotherapy in psychiatric outpatients awaiting psychotherapy.

  14. f

    Table3_A Relative Paleointensity (RPI)-Calibrated Age Model for the Corinth...

    • frontiersin.figshare.com
    xlsx
    Updated Jun 14, 2023
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    Marco Maffione; Emilio Herrero-Bervera (2023). Table3_A Relative Paleointensity (RPI)-Calibrated Age Model for the Corinth Syn-rift Sequence at IODP Hole M0079A (Gulf of Corinth, Greece).XLSX [Dataset]. http://doi.org/10.3389/feart.2022.813958.s012
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    xlsxAvailable download formats
    Dataset updated
    Jun 14, 2023
    Dataset provided by
    Frontiers
    Authors
    Marco Maffione; Emilio Herrero-Bervera
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Corinth, Greece, Gulf of Corinth
    Description

    The Corinth basin (Greece) is a young continental rift that recorded cyclic basin paleoenvironment variations (i.e., marine to lacustrine) caused by glacio-eustatic sea level fluctuations during its initial connection to the global oceans. The Corinth syn-rift sequence offers therefore a unique opportunity to determine the timing and modality of connection of young rifts to the global oceans, and investigate how sediment supply change during this extremely dynamic stage of their evolution. Here we use magnetostratigraphic and relative paleointensity (RPI) constraints from 885 discrete samples from International Ocean Discovery Program (IODP) Hole M0079A to generate an unprecedented high-resolution (∼15kyr) age model for the youngest part of the Corinth’s offshore syn-rift sequence. Our RPI-calibrated age model spans the last ∼850 kyr and reveals that initial connection of the Corinth basin to the Mediterranean Sea occurred at ∼530 ky, more recently than previously thought and after a short-lived marine incursion at ∼740 kyr. Accumulation rates calculated from our age model indicate two significant changes in sediment supply at 530 (from 74 to 156 cm/kyr on average) and 70 ka (from 156 to 258 cm/kyr on average), interpreted as due to increased local fault activity in the southern margin of the Corinth basin. Sedimentation rates also display a short-term variation indicating a lower sediment supply (98 cm/kyr on average) during interglacial periods and a higher input (156 cm/kyr on average) during glacial periods. We conclude that long-term variations of sediment supply in young rifts connecting to the global oceans are predominantly controlled by local tectonics (i.e., new depocenters formation), while short-term variations may be driven by global climate (i.e., increased erosion aided by fewer vegetation during glacial periods). Grain size of the Corinth syn-rift sequence shows a weak correlation with glacial cycles too (i.e., coarser sediments during interglacials), but we suggest this to be controlled by the hydrodynamics of the basin (i.e., stronger bottom currents when the basin was connected to the Mediterranean Sea during interglacial periods).

  15. F

    Real Personal Income

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Real Personal Income [Dataset]. https://fred.stlouisfed.org/series/RPI
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Real Personal Income (RPI) from Jan 1959 to Aug 2025 about personal income, personal, income, real, and USA.

  16. Student loan forecasts for England - Table 7a: Sensitivity of Resource...

    • explore-education-statistics.service.gov.uk
    Updated Jun 29, 2023
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    Department for Education (2023). Student loan forecasts for England - Table 7a: Sensitivity of Resource Accounting and Budgeting (RAB) charges and stock charges to key economic inputs​ [Dataset]. https://explore-education-statistics.service.gov.uk/data-catalogue/data-set/177d064e-b966-4326-b2e2-4ba4f363d72a
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    Dataset updated
    Jun 29, 2023
    Dataset authored and provided by
    Department for Educationhttps://gov.uk/dfe
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Area covered
    England
    Description

    Sensitivity of RAB and stock charge to changes in RPI, average earnings and Bank of England rate

  17. Estimated Effect of the Budget on Consumer Price Indices and Retail Prices...

    • ckan.publishing.service.gov.uk
    Updated Mar 31, 2014
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    ckan.publishing.service.gov.uk (2014). Estimated Effect of the Budget on Consumer Price Indices and Retail Prices Index - Dataset - data.gov.uk [Dataset]. https://ckan.publishing.service.gov.uk/dataset/estimated_effect_of_the_budget_on_consumer_price_indices_and_retail_prices_index
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    Dataset updated
    Mar 31, 2014
    Dataset provided by
    CKANhttps://ckan.org/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    The purpose of this article is to give the estimated effects on the Consumer Price Indices and Retail Prices Index resulting from duty and taxation changes announced in the Budget. This article is simply a helpful guide to users of the CPI and RPI. The Office for National Statistics (ONS) accepts no liability whatsoever for losses of any kind arising as a result of reliance on this note. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: Budget

  18. Consumer price inflation time series

    • ons.gov.uk
    • cy.ons.gov.uk
    csdb, csv, xlsx
    Updated Nov 19, 2025
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    Office for National Statistics (2025). Consumer price inflation time series [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceindices
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    csv, csdb, xlsxAvailable download formats
    Dataset updated
    Nov 19, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

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

  19. T

    United Kingdom Inflation Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 19, 2025
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    TRADING ECONOMICS (2025). United Kingdom Inflation Rate [Dataset]. https://tradingeconomics.com/united-kingdom/inflation-cpi
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    csv, xml, json, excelAvailable download formats
    Dataset updated
    Nov 19, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1989 - Oct 31, 2025
    Area covered
    United Kingdom
    Description

    Inflation Rate in the United Kingdom decreased to 3.60 percent in October from 3.80 percent in September of 2025. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  20. Consumer Prices Inflation Basket of Goods and Services 2014

    • data.europa.eu
    • data.wu.ac.at
    html
    Updated Oct 11, 2021
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    Office for National Statistics (2021). Consumer Prices Inflation Basket of Goods and Services 2014 [Dataset]. https://data.europa.eu/data/datasets/consumer_prices_inflation_basket_of_goods_and_services_2014
    Explore at:
    htmlAvailable download formats
    Dataset updated
    Oct 11, 2021
    Dataset authored and provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    The 'shopping basket' of items making up the suite of consumer price inflation indices (CPI, CPIH, RPIJ & RPI) are reviewed every year. Some items are taken out of the basket, some are brought in, to reflect changes in the market and to make sure the indices are up to date and representative of consumer spending patterns. This article describes the review process and explains how and why the various items in the inflation baskets are chosen.

    Source agency: Office for National Statistics

    Designation: National Statistics

    Language: English

    Alternative title: Basket of Goods

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Statista (2025). RPI inflation rate in the UK 2015-2025 [Dataset]. https://www.statista.com/statistics/285203/percentage-change-of-the-retail-price-index-rpi-in-the-uk/
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RPI inflation rate in the UK 2015-2025

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3 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Nov 19, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Jan 2015 - Oct 2025
Area covered
United Kingdom
Description

The inflation rate for the Retail Price Index (RPI) in the United Kingdom was 4.3 percent in October 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.

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