Cost of food in the United Kingdom increased 0.90 percent in October of 2018 over the same month in the previous year. It is the lowest food inflation since February of 2017. Food Inflation in the United Kingdom averaged 2.54 percent from 1989 until 2018, reaching an all time high of 13 percent in August of 2008 and a record low of -3.30 percent in February of 2015.
Food Inflation in the United Kingdom is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in the United Kingdom to stand at 2.10 in 12 months time. In the long-term, the United Kingdom Food Inflation is projected to trend around 2.00 percent in 2020, according to our econometric models.