Inflation Rate (CPI): United Kingdom
Current Value (2024)
3.3%
All-Time Peak (1975)
24.2%
All-Time Low (2015)
0.4%
Inflation Rate (CPI) — United Kingdom
Analysis# UK Inflation Analysis
The UK's current inflation rate of 3.27% (2024) represents a dramatic decline from the peak of 24.21% reached in 1975 during the stagflation crisis, reflecting the effectiveness of post-1979 monetary policy reforms under the Bank of England's independence framework. The 2015 low of 0.37% marked a deflationary nadir following the 2008 financial crisis and quantitative easing, but the current 3.27% sits modestly above the Bank of England's 2% target, indicating incomplete disinflation from the 2021-2023 post-pandemic surge. Over the 64-year
Historical Data
| Year | Value | Change % |
|---|---|---|
| 2024 | 3.3% | -51.85% |
| 2023 | 6.8% | -14.24% |
| 2022 | 7.9% | +214.57% |
| 2021 | 2.5% | +154.51% |
| 2020 | 1.0% | -43.07% |
| 2019 | 1.7% | -24.19% |
| 2018 | 2.3% | -10.36% |
| 2017 | 2.6% | +153.64% |
| 2016 | 1.0% | +173.99% |
| 2015 | 0.4% | -74.64% |
| 2014 | 1.5% | -36.68% |
| 2013 | 2.3% | -10.94% |
| 2012 | 2.6% | -33.27% |
| 2011 | 3.9% | +54.70% |
| 2010 | 2.5% | +27.06% |
| 2009 | 2.0% | -44.29% |
| 2008 | 3.5% | +47.55% |
| 2007 | 2.4% | -2.81% |
| 2006 | 2.5% | +17.54% |
| 2005 | 2.1% | +50.25% |
Show all 65 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 1.4% | +1.01% |
| 2003 | 1.4% | -9.46% |
| 2002 | 1.5% | -0.78% |
| 2001 | 1.5% | +29.54% |
| 2000 | 1.2% | -32.52% |
| 1999 | 1.8% | -3.71% |
| 1998 | 1.8% | -17.29% |
| 1997 | 2.2% | -22.82% |
| 1996 | 2.9% | +5.72% |
| 1995 | 2.7% | +21.56% |
| 1994 | 2.2% | -13.27% |
| 1993 | 2.6% | -44.28% |
| 1992 | 4.6% | -38.47% |
| 1991 | 7.5% | -7.46% |
| 1990 | 8.1% | +39.98% |
| 1989 | 5.8% | +38.62% |
| 1988 | 4.2% | +0.15% |
| 1987 | 4.1% | +21.04% |
| 1986 | 3.4% | -43.54% |
| 1985 | 6.1% | +22.39% |
| 1984 | 5.0% | +7.62% |
| 1983 | 4.6% | -46.40% |
| 1982 | 8.6% | -27.60% |
| 1981 | 11.9% | -33.89% |
| 1980 | 18.0% | +33.86% |
| 1979 | 13.4% | +62.42% |
| 1978 | 8.3% | -47.83% |
| 1977 | 15.8% | -4.34% |
| 1976 | 16.6% | -31.59% |
| 1975 | 24.2% | +50.88% |
| 1974 | 16.0% | +74.47% |
| 1973 | 9.2% | +30.05% |
| 1972 | 7.1% | -25.13% |
| 1971 | 9.4% | +48.35% |
| 1970 | 6.4% | +16.89% |
| 1969 | 5.4% | +15.95% |
| 1968 | 4.7% | +89.25% |
| 1967 | 2.5% | -36.51% |
| 1966 | 3.9% | -18.10% |
| 1965 | 4.8% | +45.47% |
| 1964 | 3.3% | +62.57% |
| 1963 | 2.0% | -51.90% |
| 1962 | 4.2% | +21.73% |
| 1961 | 3.4% | +243.52% |
| 1960 | 1.0% | — |