United Kingdom inflation rate, 1960 to 2024
United Kingdom inflation rate stood at 3 in 2024, down 51.8% on the previous period.
Consumer price inflation measures the annual change in the cost of the average consumption basket in the United Kingdom, from the World Bank's World Development Indicators. Since 1960 the series has ranged from 0.4 percent (2015) to 24 percent (1975); the latest reading is 3.3 percent for 2024, down from 6.8 percent the period before.
Annual averages smooth the month-to-month noise that dominates news coverage, which makes this series better for comparing eras than for timing turning points. Spikes mark the classic inflation episodes; readings below zero are outright deflation.
How often does this update?
Why does this differ from the monthly CPI numbers in the news?
Make this chart yours.
Open it in the editor with the data already loaded. Brand it, animate it, embed it.