HR Hub

May 2023 inflation data

The UK’s inflation rate in May 2023, as measured by the Consumer Price Index (CPI), was 8.7%.

The detailed inflation measures for the year to May 2023 are as follows:

  • CPI inflation was 8.7% in May 2023 (Index: 131.3), unchanged from 8.7% in the year to April
  • RPI* inflation was 11.3% in May 2023 (Index: 375.3), down from 11.4% in the year to April
  • CPIH inflation was 7.9% in May 2023 (Index: 129.1), up from 7.8% in the year to April

*The Office for National Statistics no longer regards the RPI as an official measure of inflation.