Core consumer prices in the United Kingdom, which exclude volatile items such as energy, food, alcoholic beverages and tobacco, increased 1.2 percent from a year earlier in May 2020, the softest pace since October 2016 and below market expectations of a 1.3 percent rise.
Core Inflation Rate in the United Kingdom averaged 1.64 percent from 1997 until 2020, reaching an all time high of 3.70 percent in April of 2011 and a record low of -0.10 percent in June of 2000. This page provides - United Kingdom Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Office for National Statistics
Core Inflation Rate in the United Kingdom is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in the United Kingdom to stand at 1.20 in 12 months time. In the long-term, the United Kingdom Core Inflation Rate is projected to trend around 1.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.