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 inflation rate for the Retail Price Index (RPI) in the United Kingdom was 4.5 percent in April 2025, up from 3.2 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.

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 138.20 points in April from 136.50 points in March 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.

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.

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.

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 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.

Graph and download economic data for Consumer Price Index: Retail price Index: All Items Less Mortgage Interest Rate for the United Kingdom (CPRPTT02GBM661N) from Jan 1975 to Feb 2018 about mortgage, United Kingdom, all items, retail, CPI, interest rate, interest, housing, rate, price index, indexes, and price.

Inflation Rate in the United Kingdom increased to 3.50 percent in April from 2.60 percent in March of 2025. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate for the Retail Price Index in the United Kingdom in the fourth quarter of 2022 reached 13.9 percent, before falling in the subsequent quarters. The RPI rate in the fourth quarter of 2024 was 3.5 percent, with an uptick expected in RPI inflation expected in 2025, peaking at 4.6 percent in the third quarter of 2025.

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.

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.

United Kingdom Retail Price Index: Housing: Rent data was reported at 367.900 13Jan1987=100 in Jun 2018. This records an increase from the previous number of 367.600 13Jan1987=100 for May 2018. United Kingdom Retail Price Index: Housing: Rent data is updated monthly, averaging 253.200 13Jan1987=100 from Jan 1987 (Median) to Jun 2018, with 378 observations. The data reached an all-time high of 367.900 13Jan1987=100 in Jun 2018 and a record low of 100.000 13Jan1987=100 in Jan 1987. United Kingdom Retail Price Index: Housing: Rent 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.

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

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 June of 2025.

Consumer Price Index (CPI) in the United Kingdom, April, 2025 The most recent value is 137.7 index points as of April 2025, an increase compared to the previous value of 136.1 index points. Historically, the average for the United Kingdom from January 1996 to April 2025 is 92.3494 index points. The minimum of 67.8 index points was recorded in January 1996, while the maximum of 137.7 index points was reached in April 2025. | TheGlobalEconomy.com

United Kingdom Retail Price Index: Fuel and Light: Gas data was reported at 379.700 13Jan1987=100 in Oct 2018. This records an increase from the previous number of 372.200 13Jan1987=100 for Sep 2018. United Kingdom Retail Price Index: Fuel and Light: Gas data is updated monthly, averaging 126.350 13Jan1987=100 from Jan 1987 (Median) to Oct 2018, with 382 observations. The data reached an all-time high of 403.600 13Jan1987=100 in Dec 2013 and a record low of 95.500 13Jan1987=100 in Mar 1988. United Kingdom Retail Price Index: Fuel and Light: Gas 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.I011: Retail Price Index.

The UK inflation rate was 3.5 percent in April 2025, up from 2.6 percent in the previous month, and the fastest rate of inflation since February 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.

In April 2025, the UK inflation rate was 3.5 percent, with prices rising fastest in the housing, water, electricity, gas and other fuels sector, which had an inflation rate of 7.8 percent. In this month, prices were rising in all sectors, except for in the clothing and footwear, and furniture sectors. UK inflation falls in 2024 After reaching a peak of 11.1 percent in October 2022, the CPI inflation rate in the UK gradually declined over several months, falling to a low of 1.7 percent by August 2024. An uptick in inflation has occurred since that month, however, and by the end of the year inflation was at 2.5 percent above the Bank of England's target rate of 2 percent. Going into 2025, recent forecasts suggest that over the course of the year, inflation will average out at 2.6 percent, with the 2 percent target not met on an annual basis until at least 2029. Roots of the inflation crisis This long period of high inflation that the UK and much of the world experienced had its roots in the post-pandemic economic recovery of 2021. During that year, as consumer demand returned, global supply chains struggled to return to full capacity, resulting in prices rising. With inflation already elevated going into 2022, Russia's invasion of Ukraine added even more inflationary pressures to the global economy. European markets which were heavily reliant on Russian oil and gas gradually phased out hydrocarbons from their economies. Food prices were also heavily impacted due to Ukraine's difficulty in exporting its agricultural products.