Title: United Kingdom 1

Core inflation remains high

Left Y Axis: %
Right Y Axis: %
Headline inflation Core inflation Energy inflation
2019-01-01 1.81992337164749 1.91754554170662 1.2206572769953
2019-02-01 1.81124880838894 1.90657769304099 1.12676056338029
2019-03-01 1.9047619047619 1.90294957183635 2.26628895184136
2019-04-01 2.08728652751422 1.80094786729859 7.48362956033677
2019-05-01 1.98487712665407 1.69971671388103 7.07720588235294
2019-06-01 1.98487712665407 1.79754020813623 4.49640287769783
2019-07-01 1.98487712665407 1.98863636363637 3.49149507609667
2019-08-01 1.78403755868545 1.50234741784037 3.29768270944741
2019-09-01 1.78236397748593 1.69014084507042 1.58172231985941
2019-10-01 1.49953139643861 1.78403755868545 -2.51082251082252
2019-11-01 1.4018691588785 1.68539325842696 -2.26480836236934
2019-12-01 1.30718954248366 1.30597014925374 -0.356188780053429
2020-01-01 1.78739416745061 1.59924741298212 4.82374768089053
2020-02-01 1.68539325842696 1.59027128157155 3.62116991643453
2020-03-01 1.49532710280373 1.58730158730158 0.83102493074793
2020-04-01 0.836431226765797 1.39664804469273 -9.31244560487382
2020-05-01 0.556070435588495 1.20705663881151 -11.587982832618
2020-06-01 0.648748841519904 1.48698884758365 -11.2736660929432
2020-07-01 1.11214087117702 1.85701021355618 -9.16955017301038
2020-08-01 0.184501845018431 0.832562442183175 -8.88697152717862
2020-09-01 0.552995391705053 1.29270544783012 -8.56401384083044
2020-10-01 0.738688827331487 1.38376383763838 -9.41385435168739
2020-11-01 0.36866359447005 1.10497237569061 -9.35828877005348
2020-12-01 0.645161290322591 1.38121546961325 -8.40035746201967
2021-01-01 0.739371534195925 1.48148148148148 -8.40707964601771
2021-02-01 0.46040515653776 0.920810313075521 -5.91397849462365
2021-03-01 0.736648250460419 1.10294117647058 -2.47252747252747
2021-04-01 1.47465437788017 1.28558310376492 7.38963531669864
2021-05-01 2.11981566820276 1.92660550458714 9.41747572815534
2021-06-01 2.48618784530387 2.28937728937729 10.2812803103783
2021-07-01 2.01649862511457 1.82315405651778 9.33333333333333
2021-08-01 3.22283609576428 3.21100917431193 9.375
2021-09-01 3.02474793767186 2.91704649042845 9.46073793755913
2021-10-01 4.12465627864344 3.45768880800728 22.2549019607843
2021-11-01 5.14233241505968 4.00728597449908 25.4670599803343
2021-12-01 5.40293040293041 4.26884650317894 24.4878048780488
2022-01-01 5.41284403669727 4.37956204379563 23.2850241545894
2022-02-01 6.14115490375802 5.2007299270073 22.7619047619048
2022-03-01 7.03839122486288 5.72727272727272 27.6056338028169
2022-04-01 8.99182561307903 6.16500453309156 52.18945487042
2022-05-01 9.02527075812274 5.94059405940595 52.7062999112688
2022-06-01 9.43396226415094 5.81915846016115 57.3438874230431
2022-07-01 10.062893081761 6.17726051924798 57.8397212543554
2022-08-01 9.81266726137378 6.22222222222221 52.034632034632
2022-09-01 10.1423487544484 6.46589902568644 49.6110630942092
2022-10-01 11.0915492957747 6.42040457343886 59.1018444266239
2022-11-01 10.6550218340611 6.30472854640981 55.7210031347962
2022-12-01 10.5125977410947 6.35888501742159 52.8213166144201
2023-01-01 10.0087032201915 5.76923076923077 51.2539184952978
2023-02-01 10.4490500863558 6.15784908933219 48.9526764934057
2023-03-01 10.0768573868488 6.1908856405847 40.5445180279617
2023-04-01 8.66666666666667 6.83176771989753 10.7457428068115
2023-05-01 8.69205298013247 7.13678844519964 8.42533410807671
2023-06-01 7.96387520525452 6.85279187817258 3.18613750698714
2023-07-01 6.85714285714288 6.82967959527825 -7.78145695364239
2023-08-01 6.66125101543462 6.19246861924687 -3.18906605922551
2023-09-01 6.62358642972536 6.07321131447587 -0.2310803004044
2023-10-01 4.5958795562599 5.70247933884298 -15.7762096774194

Financial tightening has continued

Right Y Axis: %
Interest rate on mortgagInterest rate on corporate lending²
2019-01-01 2.05 2.66
2019-02-01 2.05 2.57
2019-03-01 2.03 2.52
2019-04-01 2 2.68
2019-05-01 1.99 2.86
2019-06-01 1.97 2.47
2019-07-01 1.93 2.56
2019-08-01 1.89 2.56
2019-09-01 1.79 3.05
2019-10-01 1.71 2.65
2019-11-01 1.67 2.6
2019-12-01 1.67 2.54
2020-01-01 1.68 2.68
2020-02-01 1.67 2.56
2020-03-01 1.66 2.36
2020-04-01 1.67 2.26
2020-05-01 1.7 1.05
2020-06-01 1.69 1.34
2020-07-01 1.7 1.74
2020-08-01 1.79 1.63
2020-09-01 1.92 1.65
2020-10-01 2.05 1.69
2020-11-01 2.05 1.66
2020-12-01 2 1.81
2021-01-01 1.92 1.7
2021-02-01 1.8 2.96
2021-03-01 1.74 2.44
2021-04-01 1.71 1.82
2021-05-01 1.68 2.26
2021-06-01 1.6 2.38
2021-07-01 1.45 1.79
2021-08-01 1.39 2.27
2021-09-01 1.28 1.88
2021-10-01 1.3 1.89
2021-11-01 1.52 2.05
2021-12-01 1.59 2.03
2022-01-01 1.63 2.02
2022-02-01 1.79 2.3
2022-03-01 2.11 2.94
2022-04-01 2.35 2.41
2022-05-01 2.62 2.86
2022-06-01 2.9 3.11
2022-07-01 3.43 3.18
2022-08-01 3.61 3.35
2022-09-01 3.97 3.59
2022-10-01 5.61 3.81
2022-11-01 5.5 4.33
2022-12-01 5.05 4.88
2023-01-01 4.66 5.24
2023-02-01 4.36 5.82
2023-03-01 4.26 5.76
2023-04-01 4.16 5.89
2023-05-01 4.28 6.17
2023-06-01 4.95 6.36
2023-07-01 5.72 6.72
2023-08-01 5.52 6.97
2023-09-01 5.23 6.63
2023-10-01 4.99

1. Average quote for 5-year fixed rate (75% LTV).

2. Sterling weighted average rate on loans and new advances to private non-financial corporations.
Source: Bank of England; and Office of National Statistics.
This Excel file contains the data for the following figure or table:

OECD Economic Outlook, Volume 2023 Issue 2 - © OECD 2023

Developments in individual OECD and selected non-member economies - United Kingdom 1
Version 1 - Last updated: 29-Nov-2023
Disclaimer: http://oe.cd/disclaimer

Permanent location of this file: https://stat.link/9bv6fa