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Inflation Rate in the United Kingdom remained unchanged at 3.80 percent in August. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Core consumer prices in the United Kingdom increased 3.60 percent in August of 2025 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.
In 2024, the annual inflation rate for the United Kingdom was 2.5 percent, with the average rate for 2025 predicted to rise to 3.2 percent, revised upwards from an earlier prediction of 2.6 percent. 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 an uptick in inflation expected in 2025, the inflation rate is expected to fall to 2.1 percent in 2026, and two percent between 2027 and 2029. 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.
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The Consumer Price Index in the United Kingdom increased 0.30 percent in August of 2025 over the previous month. This dataset provides - United Kingdom Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Cost of food in the United Kingdom increased 5.10 percent in August of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). GDP deflator outturn are based on the ONS Quarterly National Accounts release (at the end of each quarter). However, a more recent version of ONS GDP outturn may be used depending on when the OBR updates its GDP deflator forecasts (usually at Budget and Autumn Statement).
Outturn data covering the years 1955-56 to 2023-24 (1955 to 2024) are based on the Quarterly National Accounts, 28 March 2025.
Forecasts covering periods 2024-25 to 2029-30 (2025 to 2029) are from the OBR as at the Spring Statement 26 March 2025.
GDP deflators for financial years 1955-56 to 2023-24 have been taken directly from ONS series L8GG. GDP deflators for calendar years 1955 to 2024 have been taken from ONS series MNF2. Non-seasonally adjusted money GDP for calendar and financial years are taken from ONS series BKTL. For financial years only, seasonally adjusted money GDP series YBHA has also been included.
The next GDP deflator update will be shortly after the ONS Quarterly National Accounts release scheduled for 30 June 2025.
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The benchmark interest rate in the United Kingdom was last recorded at 4 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Core Consumer Prices in the United Kingdom increased to 136.20 points in August from 135.80 points in July 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.
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Index Time Series for Lyxor EUR 2-10 Inflation Expectations UCITS C-EUR. The frequency of the observation is daily. Moving average series are also typically included. NA
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Index Time Series for Lyxor US$ 10Y Inflation Expectations UCITS ETF - C-USD. The frequency of the observation is daily. Moving average series are also typically included. NA
The Agricultural Price Index (API) is a monthly publication that measures the price changes in agricultural outputs and inputs for the UK. The output series reflects the price farmers receive for their products (referred to as the farm-gate price). Information is collected for all major crops (for example wheat and potatoes) and on livestock and livestock products (for example sheep, milk and eggs). The input series reflects the price farmers pay for goods and services. This is split into two groups: goods and services currently consumed; and goods and services contributing to investment. Goods and services currently consumed refer to items that are used up in the production process, for example fertiliser, or seed. Goods and services contributing to investment relate to items that are required but not consumed in the production process, such as tractors or buildings.
A price index is a way of measuring relative price changes compared to a reference point or base year which is given a value of 100. The year used as the base year needs to be updated over time to reflect changing market trends. The latest data are presented with a base year of 2020 = 100. To maintain continuity with the current API time series, the UK continues to use standardised methodology adopted across the EU. Details of this internationally recognised methodology are described in the https://ec.europa.eu/eurostat/web/products-manuals-and-guidelines/-/ks-bh-02-003">Handbook for EU agricultural price statistics.
Please note: The historical time series with base years 2000 = 100, 2005 = 100, 2010 = 100 and 2015 = 100 are not updated monthly and presented for archive purposes only. Each file gives the date the series was last updated.
For those commodities where farm-gate prices are currently unavailable we use the best proxy data that are available (for example wholesale prices). Similarly, calculations are based on UK prices where possible but sometimes we cannot obtain these. In such cases prices for Great Britain, England and Wales or England are used instead.
Next update: see the statistics release calendar.
As part of our ongoing commitment to compliance with the Code of Practice for Official Statistics we wish to strengthen our engagement with users of Agricultural Price Indices (API) data and better understand how data from this release is used. Consequently, we invite you to register as a user of the API data, so that we can retain your details and inform you of any new releases and provide you with the opportunity to take part in any user engagement activities that we may run.
Agricultural Accounts and Market Prices Team
Email: prices@defra.gov.uk
You can also contact us via Twitter: https://twitter.com/DefraStats
A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). GDP deflator outturn are based on the ONS Quarterly National Accounts release (at the end of each quarter). However, a more recent version of ONS GDP outturn may be used depending on when the OBR updates its GDP deflator forecasts (usually at Budget and Autumn Statement).
Forecasts covering periods 2024-25 to 2029-30 (2024 to 2029) are from the OBR as at the Autumn Budget 30 October 2024.
Outturn data covering the years 1955-56 to 2023-24 (1955 to 2023) are based on the Quarterly National Accounts, 30 September 2024.
GDP deflators for financial years 1955-56 to 2023-24 have been taken directly from ONS series L8GG. GDP deflators for calendar years 1955 to 2023 have been taken from ONS series MNF2. Non-seasonally adjusted money GDP for calendar and financial years are taken from ONS series BKTL. For financial years only, seasonally adjusted money GDP series YBHA has also been included.
The next GDP deflator update will be after the ONS Quarterly National Accounts release of 23 December 2024.
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Unemployment Rate in the United Kingdom remained unchanged at 4.70 percent in July. This dataset provides the latest reported value for - United Kingdom Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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Inflation Expectations in the United Kingdom remained unchanged at 4 percent in August. This dataset provides - United Kingdom Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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The Gross Domestic Product (GDP) in the United Kingdom expanded 0.30 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Retail Price Index in the United Kingdom decreased to 4.60 percent in August from 4.80 percent in July of 2025. This dataset provides - United Kingdom Retail Price Index YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Producer Prices in the United Kingdom increased 1.90 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Consumer Price Index CPI in the United Kingdom increased to 139.30 points in August from 139 points in July 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.
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Harmonised Consumer Prices in the United Kingdom decreased to 133.80 points in July from 134.10 points in June of 2024. This dataset provides - United Kingdom Harmonised Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Inflation Rate in Ireland increased to 2.70 percent in September from 2 percent in August of 2025. This dataset provides the latest reported value for - Ireland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Inflation Rate in the United Kingdom remained unchanged at 3.80 percent in August. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.