Monthly consumer price index (CPI) in the United Kingdom 2017-2019

Between December 2017 and December 2019 the Consumer Price Index in the United Kingdom increased from 104.2 to 108.5 The Consumer Price Index is one of the most important measure of inflations within the British economy and calculates the average cost of 700 different goods and service items.

CPI rate forecasts
During this two-year period the CPI inflation rate reached its highest levels during the Autumn of 2017, when it reached 2.8 percent. By contrast, the inflation rate was it’s lowest in the first few months of 2019 when it stayed at the relatively low rate of 1.8 percent.  The CPI is forecasted to remain at a generally low level until 2023, and not exceed 2.1 percent.  

CPI rates across Europe
The UK had a comparable CPI to the other major European economies in 2019,with Germany and France having inflation rates of 1.7 and 1.4 percent respectively. Romania had the highest inflation rate in Europe at 3.2 percent, followed by Latvia and Hungary.

Monthly consumer price index (CPI) in the United Kingdom (UK) from December 2017 to December 2019

CPI
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Source

Release date

January 2020

Region

Europe, United Kingdom

Survey time period

December 2017 to December 2019

Supplementary notes

CPI All Items Index: 2015=100

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Statistics on "Inflation and price indices of the UK"

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