Inflation nevertheless remains elevated, fueled not only by high food inflation, but also by underlying core inflation. As of February 2025, the overall CPI inflation rate was 2.8 percent, although an uptick in inflation is expected later in the year, with a rate of 3.7 percent forecast for the third quarter of the year. Another way of measuring inflation is to strip out the volatility of energy and food prices and look at the underlying core inflation rate.

Monthly average daily temperatures in the United Kingdom (UK) from January 2015 to November 2024

Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors. Many of the workers who took part in strikes were part of the UK’s public sector, which saw far weaker wage growth than that of the private sector throughout non gamstop casinos 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.

• Although the Retail Price Index is a commonly utilized inflation indicator, the UK also uses a newer method of calculating inflation, the Consumer Price Index.
• The most important key figures provide you with a compact summary of the topic of “Fast food restaurants in the United Kingdom” and take you straight to the corresponding statistics.
• As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.
• Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years.
• The CPI, along with the CPIH (Consumer Price Index including owner occupiers’ housing costs) are usually preferred by the UK government, but the RPI is still used in certain instances.

UK inflation crisis

The most important key figures provide you with a compact summary of the topic of “The UK economy” and take you straight to the corresponding statistics. The most important key figures provide you with a compact summary of the topic of “The United Kingdom” and take you straight to the corresponding statistics. The most important key figures provide you with a compact summary of the topic of “UK GDP” and take you straight to the corresponding statistics. Unsurprisingly, the heat wave that spread across the British Isles in 2018 was the result of particularly sunny weather.

Inflation is an important measure of any country’s economy, and the Retail Price Index (RPI) is one of the most widely used indicators in the United Kingdom, with the rate expected to be 4.1 percent in 2025, compared with 3.6 percent in 2024. This followed 2022, when RPI inflation reached a rate of 11.6 percent, by far the highest annual rate during this provided time period. Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and will make it widely available by the winter of 2025.

Russia’s invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024. The UK inflation rate was 3.6 percent in October 2025, down from 3.8 percent in the previous two months, which was the fastest rate of inflation since January 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years.

Between 1961 and 1990, temperatures in England averaged nine degrees Celsius, and from 2013 to 2022, average temperatures in the country had increased to 10.3 degrees Celsius. Although the Retail Price Index is a commonly utilized inflation indicator, the UK also uses a newer method of calculating inflation, the Consumer Price Index. The CPI, along with the CPIH (Consumer Price Index including owner occupiers’ housing costs) are usually preferred by the UK government, but the RPI is still used in certain instances. Increases in rail fares for example, are calculated using the RPI, while increases in pension payments are calculated using CPI, when this is used as the uprating factor. The use of one inflation measure over the other can therefore have a significant impact on people’s lives in the UK.