Europe & Central Asia
United Kingdom Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
3.3%
As of 2024
YoY Change
-51.8%
2023 → 2024
Record High
24.2%
Recorded in 1975
Record Low
0.4%
Recorded in 2015
10-Year Average
2.9%
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
1960 – 2024
Analysis
The United Kingdom's inflation rate of 3.27% in 2024 indicates a moderate level of price growth. This rate is below the historical highs but still above the Bank of England's 2% target, suggesting a need for continued monetary policy vigilance. The inflation performance is influenced by various factors including economic growth, wages, and global commodity prices.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 3.3% | 3.5% | -51.8% |
| 2023 | 6.8% | 1.1% | -14.2% |
| 2022 | 7.9% | 5.4% | +214.6% |
| 2021 | 2.5% | 1.5% | +154.5% |
| 2020 | 1.0% | 0.7% | -43.1% |
| 2019 | 1.7% | 0.6% | -24.2% |
| 2018 | 2.3% | 0.3% | -10.4% |
| 2017 | 2.6% | 1.5% | +153.6% |
| 2016 | 1.0% | 0.6% | +174.0% |
| 2015 | 0.4% | 1.1% | -74.6% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Europe & Central Asia · Inflation
Similar Rankings
Global · Inflation
