In 2026, the average annual inflation rate for the United Kingdom is expected to be 2.3 percent, with the average rate for 2027 predicted to fall to two percent. Inflation in the UK increased at a faster rate than expected in 2025, with the rate revised upwards from earlier predictions at the start of that year. Like many countries, the UK has only recently recovered from a period of elevated inflation, which saw the CPI rate reach 9.1 percent in 2022, and 7.3 percent in 2023. Despite the recent uptick in 2025, the inflation rate is expected to fall within the Bank of England's target rate of two percent between 2027 and 2030. UK inflation crisis Between 2021 and 2023, inflation surged in the UK, reaching a 41-year-high of 11.1 percent in October 2022. Although inflation fell to more usual levels by 2024, prices in the UK had already increased by over 20 percent relative to the start of the crisis. The two main drivers of price increases during this time were food and energy inflation, two of the main spending areas of UK households. Although food and energy prices came down quite sharply in 2023, underlying core inflation, which measures prices rises without food and energy, remained slightly above the headline inflation rate throughout 2024, suggesting some aspects of inflation had become embedded in the UK economy. Inflation rises across in the world in 2022 The UK was not alone in suffering from runaway inflation over the last few years. From late 2021 onwards, various factors converged to encourage a global acceleration of prices, leading to the ongoing inflation crisis. Blocked-up supply chains were one of the main factors as the world emerged from the COVID-19 pandemic. This was followed by energy and food inflation skyrocketing after Russia's invasion of Ukraine. Central bank interest rates were raised globally in response to the problem, possibly putting an end to the era of cheap money that has defined monetary policy since the financial crash of 2008.

After reaching a peak of 10.7 percent in the fourth quarter of 2022, the CPI inflation rate in the United Kingdom has fallen considerably, and was just two percent in the third quarter of 2024. In 2025, there has been an uptick in inflation, with prices increasing by 3.4 percent in the fourth quarter of the year. CPI inflation is, however, expected to fall in the last quarter of 2025 and continue to decline in 2026. Inflation and the Cost of Living The high inflation experienced by the UK since late 2021 is one of the main factors behind the country's ongoing cost of living crisis. Price surges, in relation to food and energy costs in particular, played havoc with the finances of UK households. At the height of the crisis, around nine out of ten households were experiencing a cost of living increase compared to the previous month. Although inflation has eased since reaching a peak of 11.1 percent in October 2022, and wages are growing in real terms, approximately 63 percent of households were still experiencing rising costs relative to the previous month in October 2025. Economic growth downgraded for 2025 Since 2022, the economy has generally been one of the main issue for UK voters, seen by 53 percent of people as one of the top three issues facing the country in November 2025. Throughout this time, UK households have struggled through a cost of living crisis, while the wider economy has been unable to achieve consistently strong growth. Since the first quarter of 2022, the UK economy has alternated between periods of low growth and minor contractions, with the UK even in recession at the end of 2023. While there was a slight uptick in growth in 2024, this momentum appears to have already been lost, with the UK's economic growth forecast downgraded from two percent to one percent, at the start of the year.

Inflation Rate in the United Kingdom remained unchanged at 3 percent in February. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2020 the Consumer Price Index (CPI) rate of the United Kingdom is expected to be between *** percent and *** percent, according to forecasts from three different institutions, the Office for Budget Responsibility, the International Monetary Fund, and the The National Institute of Economic and Social Research. CPI measures the rate of change to market basket price levels of consumer goods and services purchased by households.

Core consumer prices in the United Kingdom increased 3.20 percent in February of 2026 over the same month in the previous year. This dataset provides - United Kingdom Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Monthly and long-term United Kingdom Inflation data: historical series and analyst forecasts curated by FocusEconomics.

Inflation, consumer prices (annual %) in United Kingdom was reported at 3.2716 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2026.

Graph and download economic data for Inflation, consumer prices for the United Kingdom (FPCPITOTLZGGBR) from 1960 to 2024 about United Kingdom, consumer, CPI, inflation, price index, indexes, and price.

Core Consumer Prices in the United Kingdom increased to 136.70 points in December from 136.30 points in November of 2025. This dataset provides the latest reported value for - United Kingdom Core Consumer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index CPI in the United Kingdom increased to 140.10 points in February from 139.50 points in January of 2026. 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.

Key information about UK Consumer Price Index CPI growth

• UK Consumer Price Index (CPI) growth was measured at 3.0 % YoY in Jan 2026, compared with a rate of 3.4 % in the previous month.
• UK Consumer Price Index growth data is updated monthly, available from Jan 1989 to Jan 2026, with an averaged number of 1.9 % YoY.
• The data reached an all-time high of 11.1 % YoY in Oct 2022 and a record low of -0.1 % YoY in Oct 2015.

Office for National Statistics provides monthly Consumer Price Index Growth with base 2015=100. Office for National Statistics calculates Consumer Price Index Growth from unrounded indices. Therefore, the result will not always give the correct value when rounded to one decimal place. [COVID-19-IMPACT]

The Consumer Price Index in the United Kingdom increased 0.40 percent in February of 2026 over the previous month. This dataset provides - United Kingdom Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View monthly updates and historical trends for UK CPIH Inflation Rate. from United Kingdom. Source: Office for National Statistics. Track economic data wi…

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 March of 2026.

In 2024, the average inflation rate in the United Kingdom stood at 2.53 percent. Between 1980 and 2024, the figure dropped by 14.32 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by 0.53 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

Key information about UK Core CPI Change

• United Kingdom Core CPI Change was reported at 3.190 % in Jan 2026.
• This records a decrease from the previous number of 3.454 % for Dec 2025.
• United Kingdom Core CPI Change data is updated monthly, averaging 1.910 % from Jan 1989 to Jan 2026, with 445 observations.
• The data reached an all-time high of 8.685 % in Apr 1991 and a record low of 0.055 % in Jul 2000.
• United Kingdom Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. The Office for National Statistics provides Core Consumer Price Index with base 2015=100. Core Consumer Price Index excludes Unprocessed Food and Energy.