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United Kingdom Inflation Rate

Last Release
Dec 31, 2022
Actual
10.5
Units In
%
Previous
10.7
Frequency
Monthly
Next Release
Feb 15, 2023
Time to Release
13 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
11.1
Oct 2022
-0.1
Apr 2015
2.7 %1989-2022Office for National Statistics
In the United Kingdom, the most important categories in the consumer price index are Transport (16 percent of the total weight) and Recreation and Culture (15 percent). Housing, Water, Electricity, Gas and Other Fuels accounts for 13 percent; Restaurants and Hotels for 12 percent and Food and Non-alcoholic Beverages for 10 percent. The index also includes: Miscellaneous Goods and Services (9 percent); Clothing and Footwear (7 percent); Furniture, Household Equipment and Maintenance (6 percent). Alcoholic Beverages and Tobacco; Health, Communication and Education account for remaining 11 percent of total weight.

Latest Updates

Annual inflation rate in the UK fell to 10.5% in December of 2022 from 10.7% in November, matching market forecasts. It marks a second consecutive month of slowing inflation and the lowest rate in three months, after a peak of 11.1% in October. The largest downward contribution came from transport prices (6.5% vs 7.2%), namely motor fuels. Average petrol prices fell by 8.3 pence per litre between November and December. Prices also eased for clothing and footwear (6.5% vs 7.5%) and recreation and culture (4.9% vs 5.3%), mainly games, toys and hobbies. On the other hand, prices rose faster for restaurants and hotels (11.3%, the largest since 1991 vs 10.2%), particularly accommodation, and food and non-alcoholic beverages (16.8%, which is the highest since 1977 according to modelled estimates vs 16.4%). Compared to the previous month, the CPI increased 0.4%, the same as in November and also in line with forecasts.

United Kingdom Inflation Rate History

Last 12 readings

United Kingdom Prices Indicators

All United Kingdom indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
CPI Transportation
136.11
Dec 2022
135.7
Nov 2022
40.4
Jan 1988
139.18
Jul 2022
PointsMonthly1988-2022
Consumer Price Index CPI
127.16
Dec 2022
126.69
Nov 2022
48.4
Jan 1988
127.16
Dec 2022
PointsMonthly1988-2022
Core Consumer Prices
122.05
Dec 2022
121.39
Nov 2022
72.9
Jan 1996
122.05
Dec 2022
PointsMonthly1996-2022
Core Inflation Rate
6.3
Dec 2022
6.3
Nov 2022
-0.1
Jun 2000
6.5
Sep 2022
%Monthly1997-2022
Core Producer Prices
135
Dec 2022
134.9
Nov 2022
78.4
Dec 2001
135
Dec 2022
PointsMonthly1996-2022
Core Producer Prices MoM
0.1
Dec 2022
0.3
Nov 2022
-0.6
Feb 1998
2.2
Apr 2022
%Monthly1996-2022
Core Producer Prices YoY
12.4
Dec 2022
13
Nov 2022
-1.6
Jan 1999
14.9
Jun 2022
%Monthly1997-2022
Cpi Housing Utilities
141.91
Dec 2022
141.75
Nov 2022
31.7
Jan 1988
141.91
Dec 2022
PointsMonthly1988-2022
Food Inflation
16.8
Dec 2022
16.4
Nov 2022
-3.3
Feb 2015
16.8
Dec 2022
%Monthly1989-2022
GDP Deflator
112.42
Sep 2022
110.35
Jun 2022
3.81
Mar 1955
112.42
Sep 2022
PointsQuarterly1955-2022
Harmonised Consumer Prices
127.16
Dec 2022
126.69
Nov 2022
48.4
Jan 1988
127.16
Dec 2022
PointsMonthly1988-2022
Inflation Expectations
5.7
Dec 2022
6.1
Nov 2022
0.8
Dec 2008
6.3
Aug 2022
%Monthly1999-2022
Inflation Rate
10.5
Dec 2022
10.7
Nov 2022
-0.1
Apr 2015
11.1
Oct 2022
%Monthly1989-2022
Inflation Rate Mom
0.4
Dec 2022
0.4
Nov 2022
-0.94
Jan 2000
3.37
Apr 1991
%Monthly1988-2022
Input Producer Prices
152.5
Dec 2022
154.3
Nov 2022
60.7
Feb 1999
154.5
Oct 2022
PointsMonthly1996-2022
PPI Input
-1.1
Dec 2022
-0.2
Nov 2022
-2
Apr 2020
5.1
Mar 2022
%Monthly2013-2022
PPI Input YoY
16.5
Dec 2022
18
Nov 2022
-6.9
Aug 2015
24.6
Jun 2022
%Monthly2013-2022
Producer Price Inflation MoM
-0.8
Dec 2022
-0.1
Nov 2022
-2.1
Oct 2008
2.8
Apr 2022
%Monthly1996-2022
Producer Prices
136.5
Dec 2022
137.7
Nov 2022
8.1
Jan 1963
137.7
Nov 2022
PointsMonthly1963-2022
Producer Prices Change
14.7
Dec 2022
16.2
Nov 2022
-7.3
Jul 2009
27.8
Jan 1975
%Monthly1964-2022
Retail Price Index
13.4
Dec 2022
14
Nov 2022
-1.6
Jun 2009
26.9
Aug 1975
%Monthly1948-2022

Inflation Rate across Europe

Inflation Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
7.4
Dec 2022
7.9
Nov 2022
-2.11
Mar 2000
42.08
Dec 1997
% Monthly1995-2022
Armenia
8.3
Dec 2022
8.8
Nov 2022
-5.52
Mar 1999
22,887.4
Jun 1994
% Monthly1993-2022
Austria
10.2
Dec 2022
10.6
Nov 2022
-3
Mar 1959
11
Oct 2022
% Monthly1958-2022
Belarus
12.8
Dec 2022
13.3
Nov 2022
4.06
Jul 2018
2,795.64
Aug 1994
% Monthly1992-2022
Belgium
8.05
Jan 2023
10.35
Dec 2022
-18.11
Oct 1921
222.81
Jan 1947
% Monthly1921-2023
Bosnia and Herzegovina
14.8
Dec 2022
16.3
Nov 2022
-2.1
May 2020
17.4
Oct 2022
% Monthly2006-2022
Bulgaria
16.9
Dec 2022
16.9
Nov 2022
-2.6
Feb 2014
2,019.5
Mar 1997
% Monthly1996-2022
Croatia
13.1
Dec 2022
13.5
Nov 2022
-1.8
May 2016
13.5
Nov 2022
% Monthly1999-2022
Cyprus
7.9
Dec 2022
8.7
Nov 2022
-3.59
Oct 1961
18.75
Jul 1951
% Monthly1951-2022
Czech Republic
15.8
Dec 2022
16.2
Nov 2022
-0.4
Jan 2003
21.9
Feb 1993
% Monthly1993-2022
Denmark
8.7
Dec 2022
8.9
Nov 2022
-0.1
Jan 2015
13
Jun 1981
% Monthly1981-2022
Estonia
17.6
Dec 2022
21.3
Nov 2022
-2.17
Oct 2009
24.8
Aug 2022
% Monthly1999-2022
Euro Area
8.5
Jan 2023
9.2
Dec 2022
-0.6
Jul 2009
10.6
Oct 2022
% Monthly1991-2023
Faroe Islands
10.1
Dec 2022
8.8
Sep 2022
-3.1
Sep 2009
10.1
Dec 2022
% Quarterly2002-2022
Finland
9.1
Dec 2022
9.1
Nov 2022
-1.54
Oct 2009
19.31
Jan 1975
% Monthly1961-2022
France
6
Jan 2023
5.9
Dec 2022
-0.7
Jul 2009
18.8
Apr 1958
% Monthly1958-2023
Georgia
9.8
Dec 2022
10.4
Nov 2022
-3.3
May 2012
59.31
Apr 1996
% Monthly1996-2022
Germany
8.6
Dec 2022
10
Nov 2022
-7.62
Jun 1950
11.54
Oct 1951
% Monthly1950-2022
Greece
7.2
Dec 2022
8.5
Nov 2022
-2.9
Nov 2013
33.7
Jan 1974
% Monthly1960-2022
Hungary
24.5
Dec 2022
22.5
Nov 2022
-1.4
Jan 2015
31
Jun 1995
% Monthly1992-2022
Iceland
9.9
Jan 2023
9.6
Dec 2022
-0.06
Nov 1994
25.2
Dec 1989
% Monthly1989-2023
Ireland
8.2
Dec 2022
8.9
Nov 2022
-6.56
Oct 2009
23.15
Oct 1981
% Monthly1976-2022
Italy
10.1
Jan 2023
11.6
Dec 2022
-0.6
Jan 2015
25.64
Nov 1974
% Monthly1962-2023
Kosovo
12.1
Dec 2022
11.6
Nov 2022
-4.4
May 2009
14.2
May 2008
% Monthly2003-2022
Latvia
20.8
Dec 2022
21.8
Nov 2022
-4.3
Feb 2010
22.2
Sep 2022
% Monthly1998-2022
Liechtenstein
2.8
Dec 2022
3
Nov 2022
-1.4
Aug 2015
6.53
Jun 1991
% Monthly1983-2022
Lithuania
21.7
Dec 2022
22.9
Nov 2022
-2
Jan 2003
707.4
Jun 1993
% Monthly1993-2022
Luxembourg
5.4
Dec 2022
5.9
Nov 2022
-1.35
Jan 1999
7.4
Jun 2022
% Monthly1991-2022
Macedonia
14.2
Dec 2022
19.5
Nov 2022
-2.1
Dec 2009
19.8
Oct 2022
% Monthly2006-2022
Malta
7.3
Dec 2022
7.2
Nov 2022
-1.08
Apr 2007
7.4
Sep 2022
% Monthly2005-2022
Moldova
30.24
Dec 2022
31.41
Nov 2022
-2.3
Sep 2009
34.62
Oct 2022
% Monthly2007-2022
Montenegro
17.2
Dec 2022
17.5
Nov 2022
-1.4
Apr 2014
26.5
Dec 2001
% Monthly2001-2022
Netherlands
9.6
Dec 2022
9.9
Nov 2022
-1.3
Feb 1987
14.5
Sep 2022
% Monthly1971-2022
Norway
5.9
Dec 2022
6.5
Nov 2022
-1.8
Jan 2004
18.9
Jun 1951
% Monthly1950-2022
Poland
16.6
Dec 2022
17.5
Nov 2022
-1.6
Feb 2015
46.5
Apr 1992
% Monthly1992-2022
Portugal
8.3
Jan 2023
9.6
Dec 2022
-1.6
Jun 2009
53.9
May 1977
% Monthly1961-2023
Romania
16.37
Dec 2022
16.76
Nov 2022
-3.5
May 2016
316.9
Nov 1993
% Monthly1991-2022
Russian Federation
11.9
Dec 2022
12
Nov 2022
2.18
Feb 2018
2,333.3
Dec 1992
% Monthly1991-2022
Serbia
15.1
Dec 2022
15.1
Nov 2022
0.1
Jan 2015
15.1
Nov 2022
% Monthly2007-2022
Slovakia
15.4
Dec 2022
15.4
Nov 2022
-0.9
Jul 2016
15.4
Nov 2022
% Monthly2002-2022
Slovenia
10.3
Dec 2022
10
Nov 2022
-1.2
Apr 2020
22.6
Aug 1994
% Monthly1994-2022
Spain
5.8
Jan 2023
5.7
Dec 2022
-1.37
Jul 2009
28.43
Aug 1977
% Monthly1955-2023
Sweden
12.3
Dec 2022
11.5
Nov 2022
-1.6
Sep 2009
15.5
Oct 1980
% Monthly1980-2022
Switzerland
2.8
Dec 2022
3
Nov 2022
-1.4
Aug 2015
11.92
Dec 1973
% Monthly1956-2022
Turkey
64.27
Dec 2022
84.39
Nov 2022
-4.01
Jun 1968
138.71
May 1980
% Monthly1965-2022
Ukraine
26.6
Dec 2022
26.5
Nov 2022
-1.2
Jun 2012
530.3
Sep 1995
% Monthly1995-2022
United Kingdom
10.5
Dec 2022
10.7
Nov 2022
-0.1
Apr 2015
11.1
Oct 2022
% Monthly1989-2022

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