Inflation Rate in the United Kingdom, 2018
Overview
Monthly inflation rate in the United Kingdom was 0.09% in December 2018. That is 0.19 less than it was in November 2018 and 0.19 less than in December 2017. At the same time, 2018 year to date inflation rate is 2.10% and year over year inflation rate is 2.10%.
In 2018 UK ranks #11 in the world by yearly inflation rate.
Two different indexes are calculated in the United Kingdom of Great Britain and Northern Ireland: local Consumer Prices Index (CPI) and Harmonized Index of Consumer Prices (HICP), used by Eurostat agency to evaluate consumer prices of Euro Area and European Union. HICP is a broader and a more generic index and so local CPI allows calculating the inflation rate more accurately for a given country.
Consumer Prices are representing the prices that the end consumer has to pay for the product or service together with all taxes and fees and the indexes are calculated since 1996.
Current Inflation Rate
|
Inflation rate in December 2018:
(month over month, MOM)
| 0.09% |
| Inflation rate year to date, YTD: | 2.10% |
| Inflation rate in November 2018, MOM: | 0.28% |
| Inflation rate in December 2017, MOM: | 0.29% |
| Inflation rate in December 2017, YTD: | 2.94% |
| Inflation rate in 2017: | 2.94% |
| Last 12 months inflation rate:
(year over year, YOY)
| 2.10% |
| Last 60 months inflation rate (5 years): | 7.53% |
| Last 120 months inflation rate (10 years): | 25.26% |
Month over month inflation rate is calculated for just the subject month itself - from the first to the last day of that month:
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Month to month, % | -0.48 | 0.48 | 0.10 | 0.38 | 0.38 | 0.00 | 0.00 | 0.66 | 0.09 | 0.09 | 0.28 | 0.09 | 2.10 |
Year to year inflation rate is calculated for 12 months: 11 months preceding the subject one and the subject month itself:
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year over year (12 months), % | 2.96 | 2.74 | 2.44 | 2.43 | 2.42 | 2.42 | 2.52 | 2.60 | 2.40 | 2.40 | 2.29 | 2.10 | 2.10 |
Progressive inflation rate is an incremental year to date inflation that sums rates from the beginning of the calendar year to the end of the subject month:
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Progressive (year to date), % | -0.48 | 0.00 | 0.10 | 0.48 | 0.86 | 0.86 | 0.86 | 1.53 | 1.62 | 1.72 | 2.00 | 2.10 | 2.10 |
More Info
There are more resources available about the inflation in the United Kingdom:
Tables of current and historical inflation rates in the United Kingdom by months and years
Monthly charts showing month over month inflation- Monthly charts showing year over year inflation rates
- Yearly - charts of annual inflation
Comparison charts that allow custom reports for any given period and to compare inflation rates between countries and years
Calculators that allow calculating inflation rates, price and money purchasing power changes for custom periods
Hotlinking and Charts Reusing
All charts are regularly updated and can be hotlinked and used within third party web sites and blogs under a set of conditions. Also charts support parameters that help adjust the charts look and feel. For details on parameters and usage conditions please refer to the Charts API page.
About Data
Data is available since 1947, however 1947 - 1988 year figures are based on the Retail Price Index (RPI) since Consumer Price Index was not calculated in the UK.
All data and calculations are based on the official data published monthly by the Office for National Statistics (ONS) of the United Kingdom.
Inflation data in the UK is published in the end of the month following the subject one.