Retail price inflation in the United Kingdom which is an older measure still used for inflation-linked government bonds and some commercial contracts, fell to 1 percent in May of 2020 from 1.5 percent in April. It is the lowest reading since October of 2015.
Retail Price Index in the United Kingdom averaged 5.29 percent from 1948 until 2020, reaching an all time high of 26.90 percent in August of 1975 and a record low of -1.60 percent in June of 2009. This page provides - United Kingdom Retail Price Index YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Retail Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Office for National Statistics
Retail Price Index in the United Kingdom is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Price Index in the United Kingdom to stand at 1.40 in 12 months time. In the long-term, the United Kingdom Retail Price Index YoY is projected to trend around 1.50 percent in 2021 and 1.80 percent in 2022, according to our econometric models.