The monthly inflation rate in the United Kingdom fell to 0.2 percent in March 2019 from 0.5 percent in the previous month and below market consensus of 0.3 percent. Prices eased for food and non-alcoholic beverages (0.1 percent compared to 0.4 percent in February); furniture and household equipment (0.1 percent compared to 2.0 percent); and miscellaneous goods and services (0.2 percent compared to 0.7 percent). In addition, cost fell for transport (-0.1 percent compared to 0.4 percent) and alcoholic beverages and tobacco (-0.3 percent compared to 0.9 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.