Forex Fundamentals
UK Inflation Rate (CPI)

UK Inflation Rate (CPI) 16 August 2023

UK Inflation Rate (CPI) 16 August 2023: 6.8% for July 2023, in line with the forecast and down from 7.9% in June 2023. It is the lowest of the last 12 releases. Printed 6.8%, above the 2% target. It was released on Wed 16 Aug 2023 at 06:00 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
6.8%
July 2023
Forecast
6.8%
The market consensus
Previous
7.9%
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) 16 August 2023: 6.8% for July 2023 against a 6.8% 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) 16 August 2023: 6.8% vs 6.8% forecast (Office for National Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/uk-cpi/2023-08-16

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
16 Aug 2023Jul6.8%6.8%7.9%
19 Jul 2023Jun7.9%8.2%8.7%
21 Jun 2023May8.7%8.4%8.7%
24 May 2023Apr8.7%8.2%10.1%
19 Apr 2023Mar10.1%9.8%10.4%
22 Mar 2023Feb10.4%9.9%10.1%
15 Feb 2023Jan10.1%10.3%10.5%
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%
The release before:UK Inflation Rate (CPI) 19 July 2023The release after:UK Inflation Rate (CPI) 20 September 2023UK Inflation Rate (CPI): every recent resultThis week’s economic calendar