UK CPI y/y
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
This is considered the UK's most important inflation data because it's used as the central bank's inflation target;
- UK CPI y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 19, 2024 | 2.0% | 2.0% | 2.3% |
May 22, 2024 | 2.3% | 2.1% | 3.2% |
Apr 17, 2024 | 3.2% | 3.1% | 3.4% |
Mar 20, 2024 | 3.4% | 3.5% | 4.0% |
Feb 14, 2024 | 4.0% | 4.1% | 4.0% |
Jan 17, 2024 | 4.0% | 3.8% | 3.9% |
Dec 20, 2023 | 3.9% | 4.3% | 4.6% |
Nov 15, 2023 | 4.6% | 4.7% | 6.7% |
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- UK CPI y/y News
- From cnbc.com|Jun 19, 2024|2 comments
The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target for the first time in nearly three years. But the print only served to further convince traders that an interest rate cut is not imminent. Money market pricing by 11 a.m. in London implied just a 5% probability of a trim of the Bank Rate during Thursday’s BOE meeting — after recording stronger odds of such a step earlier in the week. Bets on an August cut were also trimmed to roughly 30%. While the 2% inflation ...
- From ons.gov.uk|Jun 19, 2024|4 comments
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 2.8% in the 12 months to May 2024, down from 3.0% in the 12 months to April. On a monthly basis, CPIH rose by 0.4% in May 2024, compared with a rise of 0.6% in May 2023. The Consumer Prices Index (CPI) rose by 2.0% in the 12 months to May 2024, down from 2.3% in the 12 months to April. On a monthly basis, CPI rose by 0.3% in May 2024, compared with a rise of 0.7% in May 2023. The largest downward contribution to the monthly change in both CPIH and CPI ...
- From apnews.com|May 23, 2024|1 comment
Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed Wednesday. The drop was widely seen as a trigger for Prime Minister Rishi Sunak to call a general election for July 4. The Office for National Statistics said inflation, as measured by the consumer prices index, fell to 2.3% in the year through April, down from 3.2% in March. That is the lowest level since July 2021 when the global economy was still being held back by the ...
- From ons.gov.uk|May 22, 2024|6 comments
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.0% in the 12 months to April 2024, down from 3.8% in the 12 months to March. On a monthly basis, CPIH rose by 0.5% in April 2024, compared with a rise of 1.2% in April 2023. The Consumer Prices Index (CPI) rose by 2.3% in the 12 months to April 2024, down from 3.2% in the 12 months to March. On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of 1.2% in April 2023. Falling gas and electricity prices resulted in the largest ...
- From euronews.com|May 22, 2024
UK inflation data due on Wednesday is expected to fall close to the government’s 2% target. Almost three years on from the start of price spikes, how has the economy changed? After a long, gruelling wait, markets and policy makers are expecting the UK's Office for National Statistics to deliver good news this week. For the first time since July 2021, experts hope the country's inflation rate will return below - or close to - the state's target of 2%. Such a result would signal the end of a prolonged price crisis, which peaked with ...
- From cnbc.com|May 21, 2024|4 comments
U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England’s 2% target. That would represent a plunge from the current level of 3.2% and could “make or break” a June interest rate cut, economists say. The decline will largely be driven by the energy market, after the regulator-set cap on household electricity and gas bills came down by 12% at the start of April. A reading below 2% on Wednesday would be the lowest headline ...
- From macrobond.com|May 20, 2024
UK policy rate decision scheduled for 20 June will be influenced by two upcoming inflation reports. Current consensus and market pricing indicate a 60% probability of a rate cut. However, this decision remains a close call, contingent on the data from these two inflations releases. Recent macroeconomic data for the UK economy have shown some softening in the labour market with the unemployment rate rising to 4.3% in Q1 2024 from 3.8% in October-December 2023. Wage growth remains elevated at 5.9%, which does not provide sufficient ...
- From ons.gov.uk|Apr 17, 2024|1 comment
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.8% in the 12 months to March 2024, unchanged from February. On a monthly basis, CPIH rose by 0.6% in March 2024, compared with a rise of 0.7% in March 2023. The Consumer Prices Index (CPI) rose by 3.2% in the 12 months to March 2024, down from 3.4% in February. On a monthly basis, CPI rose by 0.6% in March 2024, compared with a rise of 0.8% in March 2023. The largest downward contribution to the monthly change in both CPIH and CPI annual rates came ...
Released on Jun 19, 2024 |
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Released on May 22, 2024 |
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Released on Apr 17, 2024 |
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