Consumer price index (CPI) forecast UK 2017-2023

The consumer price index of the United Kingdom is forecasted to be generally stable in the near future, and only change by percentage of between 2 and 2.1 percent up until 2023. In early 2019 the CPI rate was even lower than this at 1.8 percent.

Peak of 4.5 in 2011
The consumer price index is the most important measure of inflation within an economy and calculates how the cost of a typical basked of consumer goods changes over time. In the period between 2000 and 2018, the CPI rate was at its highest in 2011 when it reached 4.5 percent and at its lowest in 2015 when it was zero percent.  

Global comparisons
While the 4.5 percent inflation rate reported by the UK in 2011 was certainly not ideal for the British economy, it pales in comparison to the countries with the worst inflation rate in the world in 2018, with the Venezuelan inflation rate a massive 929 thousand percent.

Forecasted percentage change on a year earlier of the consumer price index (CPI) in the United Kingdom from 2017 to 2023

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

October 2018

Region

United Kingdom

Survey time period

2018

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 / Month *
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Inflation and price indices of the UK"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.