Inflation rates in the United Kingdom
The inflation rate for consumer prices in the United Kingdom moved over the past 61 years between 0.4% and 24.2%. For 2021, an inflation rate of 2.5% was calculated.During the observation period from 1960 to 2021, the average inflation rate was 5.1% per year. Overall, the price increase was 1,894.04%. An item that cost 100 pounds in 1960 costs 1,994.04 pounds at the beginning of 2022.
For January 2023, the year-over-year inflation rate was 8.8%.
This includes energy (+50.7%) and food (+16.8%).
› Inflation rates in global comparison
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Performance over the last 61 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, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1,000 pounds in 1960 corresponds to 19,940.37 pounds at the beginning of 2022 due to inflation.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 |
|---|---|---|---|---|
| 2021 | 2.52 % | 2.55 % | 4.70 % | 3.50 % |
| 2020 | 0.99 % | 0.50 % | 1.23 % | 1.92 % |
| 2019 | 1.74 % | 1.63 % | 1.81 % | 2.19 % |
| 2018 | 2.29 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 2.56 % | 1.43 % | 2.13 % | 2.19 % |
| 2016 | 1.01 % | 0.18 % | 1.26 % | 1.55 % |
| 2015 | 0.37 % | -0.06 % | 0.12 % | 1.43 % |
| 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)
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