UK Core Inflation

## What this measures

Inflation without the most volatile items: energy, food, alcohol and tobacco.

## Why it matters

It shows underlying price pressure, which matters more for interest-rate decisions than one-off energy swings.

## How to read it

Compare with headline CPI and the 2% target.

## What it does not say

Excluding items does not make them unimportant; households still pay for food and energy.

## Source

Office for National Statistics, series DKO8 (dataset MM23), "CPI ANNUAL RATE: ALL ITEMS EXCLUDING ENERGY, FOOD, ALCOHOL & TOBACCO". Palanor reads it from the ONS website's time-series data every day.

Source: Office for National Statistics licensed under the Open Government Licence v.3.0.