Core inflation in the UK, which excludes energy, food, alcohol and tobacco, dropped to 1.7 percent in May 2019, the lowest annual rate since January 2017. Core Inflation Rate in the United Kingdom averaged 1.64 percent from 1997 until 2019, 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.
Core Inflation Rate in the United Kingdom is expected to be 1.90 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 1.80 in 12 months time. In the long-term, the United Kingdom Core Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.