UK RPI rate 2026

Like many countries, the UK has only recently recovered from a period of elevated inflation, which saw the CPI rate reach 9.1 percent in 2022, and 7.3 non GamStop percent in 2023. The United States is the main supplier of crude oil and natural gas liquids for the United Kingdom. CPI inflation, meanwhile, was 2.3 percent in May 2024, the lowest rate in three years.

Inflation rate for the Retail Price Index (RPI) in the United Kingdom from January 2015 to February 2026

• In the fourth quarter of 2025 the index value was 407.2, indicating that the price for a fixed basket of goods has increased by more than 307 percent since 1987.
• The account requires an annual contract and will renew after one year to the regular list price.
• Although inflation fell in subsequent months, it wasn’t until July 2023 that inflation fell below double digits, and as of late 2024, the RPI rate was still above three percent.

Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. While these particular indices measure consumer price increases slightly differently, they both provide an overall picture of rising prices. With wages struggling to keep up with the pace of inflation for a long period between 2021 and 2023, UK households saw their living standards fall significantly. In the fourth quarter of 2025 the index value was 407.2, indicating that the price for a fixed basket of goods has increased by more than 307 percent since 1987.

Inflation rate in the UK 2015-2026

During the most recent period of high inflation, core inflation peaked at 7.1 percent in May 2023, and while taking longer to fall than the overall figure, has generally been declining since then. When inflation peaked at 11.2 percent in October 2022, for example, core inflation stood at just 6.5 percent. As of the third quarter of 2025, this was 3.6 percent, slightly below than the overall CPI rate, but more aligned with the overall figure than it was in 2022 and 2023. Between 2021 and 2023, inflation surged in the UK, reaching a 41-year-high of 11.1 percent in October 2022. Breakdown of crude oil imports to France 2023, by origin

As of November 2025, the CPI inflation rate stood at 3.2 percent, while the CPIH rate was 3.5 percent. The inflation rate for the Retail Price Index (RPI) in the United Kingdom was 3.6 percent in February 2026, down from 3.8percent in the previous month. CPI inflation rate in the UK 2026, by sector

Main reasons people are voting for the Labour party in the 2024 UK election Although it was ultimately not enough to save Sunak, re-establishing themselves as the best party for handling the economy would give the Conservatives a much better chance at future general elections. GDP growth in the first quarter of 2024 was 0.6 percent, the fastest the economy had grown since the end of 2021.