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

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

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.

The UK inflation rate was 3.8 percent in July 2025, up from 3.6 percent in the previous month, and the fastest rate of inflation since January 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent, respectively.
The Cost of Living Crisis High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23. Global inflation crisis causes rapid surge in prices The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.

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.

A longer time series of contributions to the Consumer Prices Index including owner occupiers' housing costs (CPIH) and Consumer Prices Index (CPI), UK, monthly.

Representative items within the Consumer Prices Index including owner occupiers' housing costs, Consumer Prices Index and Retail Prices Index for the basket of goods and services.

The July 2011 edition of the Focus on Consumer Price Indices, is the final publication of data in this format. From 28 August 2011 all data published as part of the Consumer Price Indices Statistical Bulletin, will be published electronically via one Excel file on the Office for National Statistics website at: http://ons.gov.uk/ons/taxonomy/index.html?nscl=Consumer+Prices+Index Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: MM23

Between January 2018 and July 2025, the United Kingdom's consumer price inflation rate showed notable volatility. The rate hit its lowest point at *** percent in August 2020 and peaked at *** percent in October 2022. By September 2024, inflation had moderated to *** percent, but the following months saw inflation increase again, and it remained on a slightly upward trajectory in the first half of 2025. The Bank of England's interest rate policy closely tracked these inflationary trends. Rates remained low at -* percent until April 2020, when they were reduced to *** percent in response to economic challenges. A series of rate increases followed, reaching a peak of **** percent from August 2023 to July 2024. The central bank then initiated rate cuts in August and November 2024, lowering the rate to **** percent, signaling a potential shift in monetary policy. In February 2025, the Bank of England implemented another rate cut, setting the bank rate at *** percent, which was further reduced to **** percent in May 2025. Global context of inflation and interest rates The UK's experience reflects a broader international trend of rising inflation and subsequent central bank responses. From January 2022 to July 2024, advanced and emerging economies alike increased their policy rates to counter inflationary pressures. However, a shift began in late 2024, with many countries, including the UK, starting to lower rates. This change suggests a potential new phase in the global economic cycle and monetary policy approach. Comparison with other major economies The UK's monetary policy decisions align closely with those of other major economies. The United States, for instance, saw its federal funds rate peak at **** percent in August 2023, mirroring the UK's rate trajectory. Similarly, central bank rates in the EU all increased drastically between 2022 and 2024. These synchronized movements reflect the global nature of inflationary pressures and the coordinated efforts of central banks to maintain economic stability. As with the UK, both the U.S. and EU began considering rate cuts in late 2024, signaling a potential shift in the global economic landscape.

This dataset includes the 24 month forecast of Capacity Market monthly payments. The forecast monthly CM costs are estimated as the Auction Acquired Capacity Obligation (kW) × Adjusted Capacity Cleared Price (£/kW/year) × Monthly Weighting Factor. The capacity obligation is valued at the relative CM auction Capacity Cleared Price (CCP) and is adjusted for UK Consumer Prices Index (CPI) for T-4 Auctions only. “CPI” means the UK Consumer Prices Index (All Items) published monthly by the Office for National Statistics.

To select the group of UK firms we initially searched in the FAME database (available from the University of Manchester Library) with keywords relating to the green goods sector, please see the publication Shapira, et al (2014, in Technological Forecasting & Social Change, vol. 85, pp. 93-104) for further details on the keywords. This database contains anonymized firm data from a sample of UK firms in the green goods production industry. We combine data from structured sources (the FAME database, patents and publications) with unstructured data mined from firm's web-sites by saving key words in text and summing up counts of these to create additional explanatory variables for firm growth. The data is in a panel from 2003-2012 with some observations missing for firms. We collect historical data from firm's web-sites available in an archive from the Wayback machine.This project probes the growth strategies of innovative small and medium-size enterprises (SMEs). Our research focuses on emerging green goods industries that manufacture outputs which benefit the environment or conserve natural resources, with an international comparative element involving the UK, the US, and China. The project investigates the contributions of strategy, resources and relationships to how innovative British, American, and Chinese SMEs achieve significant growth. The targeted technology-oriented green goods sectors are strategically important to environmental rebalancing and have significant potential (in the UK) for export growth. The research examines the diverse pathways to innovation and growth across different regions. We use a mix of methodologies, including analyses of structured and unstructured data on SME business and technology performance and strategies, case studies, and modelling. Novel approaches using web mining are pioneered to gain timely information about enterprise developmental pathways. Findings from the project will be used to inform management and policy development at enterprise, regional and national levels. The project is led by the Manchester Institute of Innovation Research at the University of Manchester, in collaboration with Georgia Institute of Technology, US; Beijing Institute of Technology, China, and Experian, UK. We collected the financial information on the UK firms by downloading Companies House data from the FAME database available through the University of Manchester Library (see http://www.library.manchester.ac.uk/searchresources/databases/f/). Grant information on companies came from the Technology Strategy Board. Patent information was from the Derwent database and publication information was from the Web of Science. The Consumer Price index was from the Office for National Statistics (http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/index.html). The Human Resources in Science and Technology variable was from the Eurostat database (http://ec.europa.eu/eurostat/data/database). Unstructured data was mined from firm's web-sites. The UK Intellectual Property Office has clarified that the data mining we are doing and the way we are doing it is permissible. See: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/375954/Research.pdf

Monthly indexes for major components and special aggregates of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the current month and previous four months. The base year for the index is 2002=100.

In the three months to June 2025, average weekly earnings in the United Kingdom grew by five percent, while pay including bonuses grew by 4.6 percent, when compared with the same period leading to June 2024. In the same month, the inflation rate for the Consumer Price Index was 3.6 percent, indicating that wages were rising faster than prices that month. Average salaries in the UK In 2024, the average salary for full-time workers in the UK was 37,430 British pounds a year, up from 34,963 in the previous year. In London, the average annual salary was far higher than the rest of the country, at 47,455 pounds per year, compared with just 32,960 in North East England. There also still exists a noticeable gender pay gap in the UK, which was seven percent for full-time workers in 2024, down from 7.5 percent in 2023. Lastly, the monthly earnings of the top one percent in the UK was 15,887 pounds as of November 2024, far higher than even that of the average for the top five percent, who earned 7,641 pounds per month, while pay for the lowest 10 percent of earners was just 805 pounds per month. Waves of industrial action in the UK One of the main consequences of high inflation and low wage growth throughout 2022 and 2023 was an increase in industrial action in the UK. In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes. Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors. Many of the workers who took part in strikes were part of the UK's public sector, which saw far weaker wage growth than that of the private sector throughout 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.

Of the major developed and emerging economies, China had the lowest inflation rate at *** percent in June 2025. On the other end of the spectrum, the inflation rate in Russia stood at nearly ** percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, declined somewhat in 2023, before increasing slowly again since. The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).

In July 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In the first half of 2025, Russia maintained the highest interest rate at 18 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0 percent in July 2025. In contrast, Russia maintained a high inflation rate of 8.8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.