Inflation data for the United Kingdom, United Sates and European Union
United Kingdom current inflation figure: 2.1% – Target 2%
Previous inflation figure 17th July 2019 was 2%
Latest inflation figure 2.1% – data released 14th August 2019
source: tradingeconomics.com
United States current inflation figure: 1.8% – Target 2%
Previous release 11th July 2019 – figure was 1.6%
source: tradingeconomics.com
European inflation figure: 1.1%
Previous inflation figure was 1.3%
source: tradingeconomics.com
Inflation rates are updated monthly.
What is inflation?
In general terms, Inflation is the rate at which the level of prices for goods and services is rising and, the purchasing power of currency is falling. Central banks attempt to limit inflation, in order to keep the economy running smoothly.