Britain's consumer prices were flat for the second straight month in July 2019, defying market consensus of a 0.1 percent fall. Increases in prices for recreation and culture (1.1 percent), restaurants and hotels (0.8 percent) and transport (0.4 percent) were offset by declines in costs for clothing and footwear (-2.9 percent), furniture, household equipment and maintenance (-1.7 percent), and miscellaneous goods and services (-0.1 percent). Inflation Rate Mom in the United Kingdom averaged 0.21 percent from 1988 until 2019, reaching an all time high of 3.37 percent in April of 1991 and a record low of -0.94 percent in January of 2000.
Inflation Rate Mom in the United Kingdom is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in the United Kingdom to stand at 0.20 in 12 months time. In the long-term, the United Kingdom Inflation Rate MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.