UK CPI inflation rose 0.3% MoM and 2.9% YoY in July, accelerating from 2.6% YoY in June and marking the first increase in the annual rate since March.

• Core CPI held at 2.6% YoY, with goods inflation rising to 2.2% from 1.7% while services inflation eased to 3.4% from 3.6%.
• Housing and household services were the largest upward driver. Gas prices surged 14.7% MoM after the Ofgem energy price cap increased, the largest monthly rise since October 2022, while electricity prices rose 3.6%.
• Transport provided the largest downward contribution: diesel prices fell 8.8p per litre MoM and petrol fell 3.1p, helping slow motor fuel inflation to 15.5% YoY from 21.3%. Food inflation also eased to 1.3% YoY from 1.7%.

UK CPI inflation slowed to 2.6% YoY in June from 2.8% in May, while prices rose 0.1% MoM. Core CPI held steady at 2.6% YoY, leaving the underlying inflation rate unchanged despite a softer headline reading.

• The moderation was led by transport and food. Transport inflation eased to 5.7% YoY from 6.8%, driven by lower motor fuel prices, while food inflation slowed to 1.7% YoY from 2.2%, the lowest since August 2024.
• Goods inflation eased to 1.7% YoY from 2.0%, services inflation slipped to 3.6% YoY from 3.7%, and clothing prices moved into deflation at -0.5% YoY as summer discounting intensified. Monthly food prices also declined -0.2%.
• The report showed broader easing in headline inflation as falling fuel costs and softer food prices outweighed pockets of strength elsewhere. Core inflation was unchanged, indicating that underlying price pressures remained steady even as headline CPI moved lower.

UK CPI inflation was unchanged at 2.8% YoY in May, with prices rising 0.2% MoM for a second straight year-over-year comparison. The headline rate remained stable as rising transport costs were largely offset by easing food inflation.

• Transport inflation accelerated sharply to 6.8% YoY from 4.5% YoY, reaching its highest level since December 2022. Higher airfares, motor fuel prices, and sea fares were the main drivers, with motor fuel inflation rising to 24.6% YoY.
• Food and non-alcoholic beverage inflation slowed to 2.2% YoY from 3.0% YoY and prices fell -0.1% MoM, marking the lowest annual food inflation rate since December 2024.
• Underlying inflation pressures were more mixed. Core CPI rose to 2.6% YoY from 2.5% YoY, while services inflation accelerated to 3.7% YoY from 3.2% YoY. At the same time, goods inflation slowed to 2.0% YoY from 2.4% YoY, suggesting inflation pressures are increasingly concentrated in services rather than goods.
• The report points to a stable headline inflation picture, but firmer services and transport inflation indicate that underlying price pressures remain elevated even as food inflation continues to cool.

UK CPI inflation cooled to 2.8% YoY in April from 3.3% in March, while core CPI slowed to 2.5% from 3.1%, with both measures posting their lowest readings since 2021 as disinflation in services and household energy costs outweighed another sharp jump in fuel prices.

• Monthly CPI rose 0.7% MoM, below the 1.2% MoM increase seen a year ago. Core CPI also rose 0.7% MoM (vs 1.4% MoM in April 2025).
• Services inflation slowed sharply to 3.2% YoY from 4.5%, while housing and household services inflation dropped to 1.4% from 5.3%, driven by falling electricity and gas prices after changes to the Ofgem price cap and UK energy bill support measures.
• Goods inflation, however, accelerated to 2.4% from 2.1%, with motor fuel inflation surging to 23.0% YoY, the highest since September 2022. Petrol prices rose 16.6p per litre in April, while diesel prices jumped 31.3p.
• Transport inflation eased only slightly to 4.5% despite the fuel surge, as declines in airfares and vehicle excise duty offset part of the energy shock. Airfares were distorted lower by Easter timing effects.
• Food inflation slowed to 3.0% from 3.7%, while recreation and culture inflation dropped to 1.7% from 2.8%, helped by softer package holiday pricing and falling computer game download prices.
• Clothing and footwear inflation rebounded sharply to 0.7% from -0.8%, reflecting fewer seasonal discounts compared with last year.

UK CPI fell -0.5% MoM in January but was up +3.0% YoY (vs +3.0% YoY expected), showing broad disinflation across major categories.

• Core CPI slowed to +3.1% YoY (Dec: +3.2%), with goods inflation falling to +1.6% YoY (from +2.2%) and services easing to +4.4% YoY (from +4.5%), indicating softer underlying price momentum.

• Transport inflation decelerated to +2.7% YoY (Dec: +4.0%) and -1.8% MoM, driven by motor fuel prices falling -2.2% YoY as petrol and diesel prices declined versus increases a year earlier.

• Food and non-alcoholic beverages inflation slowed to +3.6% YoY (Dec: +4.5%) and -0.1% MoM, with broad downward contributions from multiple categories including bread, meat, dairy, and beverages.

• Housing and household services eased to +4.2% YoY (Dec: +4.6%) and +0.2% MoM, reflecting slower owner-occupiers’ housing costs (+3.9% YoY) and falling gas prices (-2.7% YoY), partly offset by higher electricity (+5.3% YoY).

• Education inflation dropped sharply to +5.1% YoY (Dec: +7.6%) and 0.0% MoM as private school fee increases from last year’s VAT change dropped out of the comparison.

• Restaurants and hotels rose +4.1% YoY (Dec: +3.8%) but fell -0.7% MoM, while alcohol and tobacco slowed to +4.6% YoY (Dec: +5.2%), showing mixed services price trends.

• Overall disinflation reflected negative contributions from transport, food, and education divisions, partially offset by upward pressure from a smaller number of categories.

UK CPI inflation rose +0.4% MoM (vs +0.4% MoM expected) and +3.4% YoY (vs +3.3% YoY expected) in December 2025, showing a mild reacceleration in headline prices.

• Headline CPI accelerated to +3.4% YoY (Nov: +3.2%), while the monthly rise was +0.4% (Dec 2024: +0.3%), pointing to slightly firmer inflation momentum versus last month and last year’s comparison.

• Core CPI (ex energy, food, alcohol and tobacco) held at +3.2% YoY for a second month, matching the joint-lowest rate since December 2024 and signaling stable underlying inflation.

• Services inflation ticked up to +4.5% YoY (Nov: +4.4%) while goods inflation edged up to +2.2% YoY (Nov: +2.1%), showing a small firming across both major components.

• Alcohol and tobacco inflation rose to +5.2% YoY (Nov: +4.0%) and +1.0% MoM (Dec 2024: -0.2%), with the increase linked to tobacco duty timing effects that lifted monthly tobacco prices in December.

• Transport inflation increased to +4.0% YoY (Nov: +3.7%) and +1.3% MoM (Dec 2024: +1.0%), driven primarily by air fares (+28.6% MoM) which were noted as sensitive to calendar timing and holiday travel patterns.

• Food and non-alcoholic beverages inflation rose to +4.5% YoY (Nov: +4.2%) and +0.8% MoM (Dec 2024: +0.5%), with upward effects from bread and cereals (+0.03 ppt contribution), vegetables including potatoes (+0.01 ppt), and other food products (+0.01 ppt).

• Housing and household services inflation eased to +4.6% YoY (Nov: +4.8%) alongside +0.2% MoM (Dec 2024: +0.4%), reflecting slower owner occupiers’ housing costs (+4.2% YoY vs +4.5%) which have decelerated for 11 consecutive months.

UK CPI inflation slowed further in November 2025, with prices falling -0.2% MoM (vs 0.0% MoM expected) and rising +3.2% YoY (vs 3.5% YoY expected), extending the recent disinflation trend.

• Headline CPI eased from +3.6% YoY in October to +3.2% YoY in November, while the monthly index declined -0.2%, reversing the +0.1% increase seen in November 2024.

• Core CPI (ex food, energy, alcohol and tobacco) slowed to +3.2% YoY (vs 3.4% YoY expected), down from +3.4%, and fell -0.2% MoM, marking its lowest annual rate since December 2024.

• Goods inflation decelerated to +2.1% YoY (from +2.6%) and declined -0.2% MoM, pointing to broad-based price softness across goods categories.

• Services inflation edged down to +4.4% YoY (from +4.5%) and fell -0.2% MoM, its lowest annual rate since December 2024.

• Food and non-alcoholic beverages inflation eased to +4.2% YoY (from +4.9%) and fell -0.2% MoM, delivering one of the largest downward contributions to the monthly change.

• Alcohol and tobacco inflation slowed sharply to +4.0% YoY (from +5.9%) and declined -0.4% MoM, reinforcing the monthly disinflation.

• Clothing and footwear prices fell -0.3% MoM and -0.6% YoY, while furniture and household goods declined -0.7% MoM and -0.3% YoY, highlighting ongoing weakness in discretionary goods prices.

• Housing and household services remained elevated at +5.1% YoY, with a +0.2% MoM increase, standing out as one of the few categories still showing monthly price gains.

UK CPI inflation eased modestly in October, with the headline index rising +0.4% MoM and +3.6% YoY (vs 3.6% YoY expected), reflecting a slight deceleration from September growth of +3.8% YoY, driven mainly by weaker housing and household services inflation.

• Core CPI (excluding food, energy, alcohol and tobacco) eased to +3.4% YoY (vs 3.4% YoY expected) in October, down from +3.5% YoY in September and increased +0.3% MoM, marking its lowest annual reading since December 2024.
• Food and non-alcoholic beverages inflation accelerated to +4.9% YoY (Sep: +4.5%) and rose +0.5% MoM, making the largest upward contribution to the monthly rate.
• Housing and household services inflation slowed sharply to +5.2% YoY (Sep: +7.3%) and rose +0.7% MoM, delivering the largest downward pull on headline inflation.
• Goods inflation declined to +2.6% YoY (Sep: +2.9%) with prices up +0.5% MoM, pointing to a continued cooling in goods-related pressures.
• Services inflation ticked down to +4.5% YoY (Sep: +4.7%), with a +0.2% MoM increase, its lowest annual rate since late 2024.
• Communication prices fell -0.2% MoM (Sep: +0.2%), contributing to the overall deceleration.
• Education posted the strongest monthly rise at +3.6% MoM, though its YoY rate edged up only slightly to +7.6% (Sep: +7.2%).

UK CPI was unchanged at +3.8% YoY in September 2025, matching August’s pace and showing stable headline inflation, while prices were flat MoM (0.0%). Core CPI eased slightly to +3.5% YoY (Aug: +3.6%), indicating a small moderation in underlying pressures.

• CPI goods inflation rose to +2.9% YoY (Aug: +2.8%), while CPI services remained steady at +4.7% YoY.

• Food and non-alcoholic beverages inflation slowed to +4.5% YoY (Aug: +5.1%) and fell -0.2% MoM, contributing to downward pressure on the headline rate.

• Transport prices accelerated to +3.8% YoY (Aug: +2.4%) but declined -2.3% MoM, still providing the largest upward impact on the overall CPI rate.

• Clothing and footwear inflation strengthened to +0.5% YoY (Aug: +0.2%) and rose +2.4% MoM, reflecting seasonal price movements.

• Housing and household services inflation remained high at +7.3% YoY (Aug: +7.4%), continuing to support overall price levels.

• Recreation and culture prices slowed to +2.7% YoY (Aug: +3.2%), while restaurants and hotels inflation edged up to +3.9% YoY (Aug: +3.8%).

• Communication inflation eased to +4.7% YoY (Aug: +6.1%), adding to the overall balance of modest downward pressures.