United Kingdom Core Inflation Rate

Last Release

Dec 31, 2024

Actual

3.2

Units In

3.5

Frequency

Monthly

Next Release

Feb 19, 2025

Time to Release

1 Months 2 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
7.1 May 2023	-0.1 Jun 2000	2.05 %	1997-2024	Office for National Statistics

In the United Kingdom, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Latest Updates

The annual core inflation rate in the United Kingdom decreased to 3.2% in December 2024 from 3.5% in the previous month, marking the lowest reading since September and missing market estimates of 3.4%. The annual CPI services rate was notably lower (4.4% vs 5.0% in November), but the annual CPI goods rate notably accelerated (0.7% vs 0.4%). On a monthly basis, core consumer prices increased by 0.3%, picking up from a flat reading in November.