Inflation rates in the United Kingdom
The inflation rate for consumer prices in the United Kingdom moved over the past 63 years between 0.4% and 24.2%. For 2023, an inflation rate of 6.8% was calculated.During the observation period from 1960 to 2023, the average inflation rate was 5.2% per year. Overall, the price increase was 2,198.21%. An item that cost 100 pounds in 1960 costs 2,298.21 pounds at the beginning of 2024.
For August 2024, the year-over-year inflation rate was 3.10%.
This includes energy (+3.1%), food (+1.3%) and rental prices (+7.2%).
› Inflation rates in global comparison
Performance over the last 63 years compared with the USA
In only a few countries the price increase is that high. The Consumer Price Index (CPI) of 24.2% in 1975 means, that compared to the previous year all prices increased by an average of 24.2%. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.Performance based on 100% in 1959:
Inflation calculator for the United Kingdom
Enter any amount, a start year and an end year here. You will then be shown the amount that resulted from the original amount after inflation.100 pounds in 1960 will still be 100 pounds in 2024. The nominal value does not change. What does change, is the purchasing power. In other words, the amount of goods that can be bought with this money. As inflation increases, this amount decreases.
Example: The purchasing power of 100 pounds in 1960 corresponds to that of 2,298.21 pounds at the beginning of 2024. Conversely, in 1960 you could buy as much with 31.75 pounds as you can today with 1000 pounds.
Inflation rates for consumer goods in the United Kingdom
Energy and food
Historical inflation rates in comparison
| Year | United Kingdom | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2023 | 6.79 % | 6.30 % | 4.12 % | 5.80 % |
| 2022 | 7.92 % | 8.83 % | 8.00 % | 7.97 % |
| 2021 | 2.52 % | 2.55 % | 4.70 % | 3.45 % |
| 2020 | 0.99 % | 0.48 % | 1.23 % | 1.92 % |
| 2019 | 1.74 % | 1.63 % | 1.81 % | 2.21 % |
| 2018 | 2.29 % | 1.74 % | 2.44 % | 2.45 % |
| 2017 | 2.56 % | 1.43 % | 2.13 % | 2.25 % |
| 2016 | 1.01 % | 0.18 % | 1.26 % | 1.61 % |
| 2015 | 0.37 % | -0.06 % | 0.12 % | 1.44 % |
| 2014 | 1.45 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 2.29 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 2.57 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 3.86 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 2.49 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | 1.96 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 3.52 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 2.39 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 2.46 % | 2.67 % | 3.23 % | 4.28 % |
| 2005 | 2.09 % | 2.49 % | 3.39 % | 4.11 % |
| 2004 | 1.39 % | 2.29 % | 2.68 % | 3.38 % |
| 2003 | 1.38 % | 2.09 % | 2.27 % | 3.03 % |
| 2002 | 1.52 % | 2.42 % | 1.59 % | 2.83 % |
| 2001 | 1.53 % | 3.37 % | 2.83 % | 3.84 % |
| 2000 | 1.18 % | 3.15 % | 3.38 % | 3.49 % |
| 1999 | 1.75 % | 2.16 % | 2.19 % | 3.08 % |
| 1998 | 1.82 % | 2.42 % | 1.55 % | 5.11 % |
| 1997 | 2.20 % | 3.11 % | 2.34 % | 5.57 % |
| 1996 | 2.85 % | 3.56 % | 2.93 % | 6.55 % |
| 1995 | 2.70 % | 4.43 % | 2.81 % | 9.15 % |
| 1994 | 2.22 % | 4.72 % | 2.61 % | 10.32 % |
| 1993 | 2.56 % | 4.85 % | 2.95 % | 7.51 % |
| 1992 | 4.59 % | 6.22 % | 3.03 % | 7.71 % |
| 1991 | 7.46 % | 5.48 % | 4.23 % | 9.00 % |
| 1990 | 8.06 % | 6.15 % | 5.40 % | 8.13 % |
| 1989 | 5.76 % | 6.26 % | 4.83 % | 7.00 % |
| 1988 | 4.16 % | 4.54 % | 4.08 % | 7.15 % |
| 1987 | 4.15 % | 4.02 % | 3.66 % | 5.76 % |
| 1986 | 3.43 % | 3.68 % | 1.90 % | 5.82 % |
| 1985 | 6.07 % | 5.40 % | 3.55 % | 6.86 % |
| 1984 | 4.96 % | 7.67 % | 4.30 % | 8.12 % |
| 1983 | 4.61 % | 8.67 % | 3.21 % | 8.77 % |
| 1982 | 8.60 % | 9.58 % | 6.13 % | 10.24 % |
| 1981 | 11.88 % | 11.77 % | 10.33 % | 12.47 % |
| 1980 | 17.97 % | 12.91 % | 13.55 % | 13.98 % |
| 1979 | 13.42 % | 8.22 % | 11.25 % | n/a |
| 1978 | 8.26 % | 7.76 % | 7.63 % | n/a |
| 1977 | 15.84 % | 9.77 % | 6.50 % | n/a |
| 1976 | 16.56 % | 9.35 % | 5.74 % | n/a |
| 1975 | 24.21 % | 10.47 % | 9.14 % | n/a |
| 1974 | 16.04 % | 13.16 % | 11.05 % | n/a |
| 1973 | 9.20 % | 7.75 % | 6.18 % | n/a |
| 1972 | 7.07 % | 6.01 % | 3.27 % | n/a |
| 1971 | 9.44 % | 5.24 % | 4.29 % | n/a |
| 1970 | 6.37 % | 4.51 % | 5.84 % | n/a |
| 1969 | 5.45 % | 2.67 % | 5.46 % | n/a |
| 1968 | 4.70 % | 3.24 % | 4.27 % | n/a |
| 1967 | 2.48 % | 3.32 % | 2.77 % | n/a |
| 1966 | 3.91 % | 3.70 % | 3.02 % | n/a |
| 1965 | 4.77 % | 3.99 % | 1.59 % | n/a |
| 1964 | 3.28 % | 3.42 % | 1.28 % | n/a |
| 1963 | 2.02 % | 2.92 % | 1.24 % | n/a |
| 1962 | 4.20 % | 3.55 % | 1.20 % | n/a |
| 1961 | 3.45 % | 2.08 % | 1.07 % | n/a |
| 1960 | 1.00 % | 1.74 % | 1.46 % | n/a |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
The 50 largest economies in the world
Times for sunrise and sunset in the United States of America
Timezones and time changes in Australia