Forex Fundamentals
UK Inflation Rate (CPI)

UK Inflation Rate (CPI) 18 January 2023

UK Inflation Rate (CPI) 18 January 2023: 10.5% for December 2022, in line with the forecast and down from 10.7% in November 2022. It is the lowest reading since September 2022. Printed 10.5%, above the 2% target. It was released on Wed 18 Jan 2023 at 07:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Office for National Statistics. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
10.5%
December 2022
Forecast
10.5%
The market consensus
Previous
10.7%
As the source gives it

What a print like this usually does

In line with the forecast: Sterling usually has a limited reaction if the headline and underlying components match forecasts; the trend still matters for BoE expectations.

UK Inflation Rate (CPI) 18 January 2023: 10.5% for December 2022 against a 10.5% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

UK Inflation Rate (CPI) 18 January 2023: 10.5% vs 10.5% forecast (Office for National Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/uk-cpi/2023-01-18

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
18 Jan 2023Dec10.5%10.5%10.7%
14 Dec 2022Nov10.7%10.9%11.1%
16 Nov 2022Oct11.1%10.7%10.1%
19 Oct 2022Sep10.1%10%9.9%
14 Sep 2022Aug9.9%10.2%10.1%
17 Aug 2022Jul10.1%9.8%9.4%
20 Jul 2022Jun9.4%9.3%9.1%
22 Jun 2022May9.1%9.1%9%
18 May 2022Apr9%9.1%7%
13 Apr 2022Mar7%6.7%6.2%
23 Mar 2022Feb6.2%5.9%5.5%
16 Feb 2022Jan5.5%5.4%5.4%
The release before:UK Inflation Rate (CPI) 14 December 2022The release after:UK Inflation Rate (CPI) 15 February 2023UK Inflation Rate (CPI): every recent resultThis week’s economic calendar