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CPI inflation

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

3.1 %
+0.2pp vs 2026-07

As of 2026-08

Historical trend

Trend summary

CPI inflation was 3.1% in 2026-08, up from 2.9% in 2026-07.

Trend

  • Over the available record (1989-01–2026-08), it has ranged from -0.1% in 2015-04 to 11% in 2022-10.
  • The latest reading is above 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
3.1 %
🇯🇵 Japan
3.6 %

About this indicator

Source
ONS/ OECD
Update frequency
Monthly
Last updated
18 September 2026
Next update
18 October 2026
Licence
OGL v3
Direction
↑ Rising

Statistics

Latest
3.1%
Period high
3.8%
Period low
2.6%
Period average
3.2%