The monthly inflation rate in the United Kingdom rose to 0.6 percent in April 2019 from 0.2 percent in the prior month but below market consensus of 0.7 percent. Prices advanced further for housing, water, electricity, gas and other fuels (2.5 percent compared to 0.1 percent); health (0.8 percent compared to 0.3 percent); communications (1.3 percent compared to 0.2 percent); and miscellaneous goods and services (0.4 percent compared to 0.2 percent). Also, cost of transport rebounded (2.4 percent compared to -0.1 percent). On the other hand, prices declined for food and non-alcoholic beverages (-0.3 percent compared to 0.1 percent in March); furniture and household equipment (-1.2 percent compared to 0.1 percent); and recreation and culture (-0.8 percent compared to 0.2 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 0.30 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.