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CPI inflation

Annual Consumer Prices Index inflation rate measuring the cost of a basket of goods and services.

2.6 %
-0.2pp vs 2026-05

As of 2026-06

Historical trend

Trend summary

CPI inflation was 2.6% in 2026-06, down from 2.8% in 2026-05.

Trend

  • Over the available record (1989-01–2026-06), it has ranged from -0.1% in 2015-04 to 11% in 2022-10.
  • The latest reading is below the record average of 2.8%.

Context

  • CPI measures the change in prices of a fixed basket of goods and services; it excludes owner-occupier housing costs.
  • The ONS publishes CPI monthly, typically around three weeks after the reference month.

Generated from the published series — describes direction, magnitude and range only, with no editorial judgement or forecasts.

G7 comparison

UK ranks #5 of 7 in the G7 (lower is better)

🇫🇷 France
0.8 %
🇮🇹 Italy
1.5 %
🇩🇪 Germany
2.2 %
🇺🇸 United States
2.3 %
🇨🇦 Canada
2.3 %
🇬🇧 United Kingdom
2.6 %
🇯🇵 Japan
3.6 %

About this indicator

Source
ONS/ OECD
Update frequency
Monthly
Last updated
3 August 2026
Next update
3 September 2026
Licence
OGL v3
Direction
↓ Falling

Statistics

Latest
2.6 %
Period high
3.8 %
Period low
2.6 %
Period average
3.3 %