U.K. Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • U.K. inflation rate for 2022 was 7.92%, a 5.4% increase from 2021.
  • U.K. inflation rate for 2021 was 2.52%, a 1.53% increase from 2020.
  • U.K. inflation rate for 2020 was 0.99%, a 0.75% decline from 2019.
  • U.K. inflation rate for 2019 was 1.74%, a 0.55% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
U.K. Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 7.92% 5.40%
2021 2.52% 1.53%
2020 0.99% -0.75%
2019 1.74% -0.55%
2018 2.29% -0.27%
2017 2.56% 1.55%
2016 1.01% 0.64%
2015 0.37% -1.08%
2014 1.45% -0.84%
2013 2.29% -0.28%
2012 2.57% -1.28%
2011 3.86% 1.36%
2010 2.49% 0.53%
2009 1.96% -1.56%
2008 3.52% 1.13%
2007 2.39% -0.07%
2006 2.46% 0.37%
2005 2.09% 0.70%
2004 1.39% 0.01%
2003 1.38% -0.14%
2002 1.52% -0.01%
2001 1.53% 0.35%
2000 1.18% -0.57%
1999 1.75% -0.07%
1998 1.82% -0.38%
1997 2.20% -0.65%
1996 2.85% 0.15%
1995 2.70% 0.48%
1994 2.22% -0.34%
1993 2.56% -2.03%
1992 4.59% -2.87%
1991 7.46% -0.60%
1990 8.06% 2.30%
1989 5.76% 1.60%
1988 4.16% 0.01%
1987 4.15% 0.72%
1986 3.43% -2.64%
1985 6.07% 1.11%
1984 4.96% 0.35%
1983 4.61% -3.99%
1982 8.60% -3.28%
1981 11.88% -6.09%
1980 17.97% 4.54%
1979 13.42% 5.16%
1978 8.26% -7.58%
1977 15.84% -0.72%
1976 16.56% -7.65%
1975 24.21% 8.16%
1974 16.04% 6.85%
1973 9.20% 2.12%
1972 7.07% -2.37%
1971 9.44% 3.08%
1970 6.37% 0.92%
1969 5.45% 0.75%
1968 4.70% 2.22%
1967 2.48% -1.43%
1966 3.91% -0.86%
1965 4.77% 1.49%
1964 3.28% 1.26%
1963 2.02% -2.18%
1962 4.20% 0.75%
1961 3.45% 2.44%
1960 1.00% 2.44%