United Kingdom - Inflation, consumer prices (annual %) 1960 - 2022
United Kingdom's inflation, consumer prices (annual %) is currently 7.92%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- United Kingdom's inflation, consumer prices (annual %) for 2022 was 7.922%, a 214.57% increase from 2021, with a +5 difference.
- In 2021 it was 2.518%, a 154.51% increase from 2020, with a +1 difference.
- In 2020 it was 0.989%, a -43.07% increase from 2019.
- In 2019 it was 1.738%, a -24.19% increase from 2018.
- In 2018 it was 2.293%, a -10.36% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for United Kingdom is currently 5.0943% (average of years with recorded data) with a lowest recorded value of 0.368% in 2015 and a highest value of 24.2073% in 1975.
United Kingdom's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 1.004% | |
| 1961 | 3.447% | 243.52% |
| 1962 | 4.196% | 21.73% |
| 1963 | 2.019% | -51.90% |
| 1964 | 3.282% | 62.57% |
| 1965 | 4.774% | 45.47% |
| 1966 | 3.91% | -18.10% |
| 1967 | 2.482% | -36.51% |
| 1968 | 4.697% | 89.25% |
| 1969 | 5.447% | 15.95% |
| 1970 | 6.367% | 16.89% |
| 1971 | 9.445% | 48.35% |
| 1972 | 7.071% | -25.13% |
| 1973 | 9.196% | 30.05% |
| 1974 | 16.044% | 74.47% |
| 1975 | 24.207% | 50.88% |
| 1976 | 16.56% | -31.59% |
| 1977 | 15.84% | -4.34% |
| 1978 | 8.263% | -47.83% |
| 1979 | 13.421% | 62.42% |
| 1980 | 17.966% | 33.86% |
| 1981 | 11.877% | -33.89% |
| 1982 | 8.599% | -27.60% |
| 1983 | 4.609% | -46.40% |
| 1984 | 4.961% | 7.62% |
| 1985 | 6.071% | 22.39% |
| 1986 | 3.428% | -43.54% |
| 1987 | 4.149% | 21.04% |
| 1988 | 4.155% | 0.15% |
| 1989 | 5.76% | 38.62% |
| 1990 | 8.063% | 39.98% |
| 1991 | 7.462% | -7.46% |
| 1992 | 4.592% | -38.47% |
| 1993 | 2.559% | -44.28% |
| 1994 | 2.219% | -13.27% |
| 1995 | 2.697% | 21.56% |
| 1996 | 2.852% | 5.72% |
| 1997 | 2.201% | -22.82% |
| 1998 | 1.821% | -17.29% |
| 1999 | 1.753% | -3.71% |
| 2000 | 1.183% | -32.52% |
| 2001 | 1.532% | 29.54% |
| 2002 | 1.52% | -0.78% |
| 2003 | 1.377% | -9.46% |
| 2004 | 1.39% | 1.01% |
| 2005 | 2.089% | 50.25% |
| 2006 | 2.456% | 17.54% |
| 2007 | 2.387% | -2.81% |
| 2008 | 3.521% | 47.55% |
| 2009 | 1.962% | -44.29% |
| 2010 | 2.493% | 27.06% |
| 2011 | 3.856% | 54.70% |
| 2012 | 2.573% | -33.27% |
| 2013 | 2.292% | -10.94% |
| 2014 | 1.451% | -36.68% |
| 2015 | 0.368% | -74.64% |
| 2016 | 1.008% | 173.99% |
| 2017 | 2.558% | 153.64% |
| 2018 | 2.293% | -10.36% |
| 2019 | 1.738% | -24.19% |
| 2020 | 0.989% | -43.07% |
| 2021 | 2.518% | 154.51% |
| 2022 | 7.922% | 214.57% |
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Comparison with Countries in the Europe & Central Asia Region.
Among countries in the same World Bank Europe & Central Asia (ECA) region, United Kingdom comes in 36th with 7.922% inflation, consumer prices (annual %).
- Within the same region, Belgium comes in 26th with 9.598%, inflation, consumer prices (annual %).
- Slovenia comes in 27th with 8.834%.
- Armenia comes in 28th with 8.641%.
- Austria comes in 29th with 8.547%.
- Cyprus comes in 30th with 8.395%.
- Spain comes in 31st with 8.391%.
- Sweden comes in 32nd with 8.369%.
- Iceland comes in 33rd with 8.309%.
- Italy comes in 34th with 8.201%.
- Kazakhstan comes in 35th with 8.042%.
- Portugal comes in 37th with 7.833%.
- Ireland comes in 38th with 7.807%.
- Denmark comes in 39th with 7.697%.
- Finland comes in 40th with 7.124%.
- Germany comes in 41st with 6.873%.
- Albania comes in 42nd with 6.725%.
- Russian Federation comes in 43rd with 6.694%.
- Luxembourg comes in 44th with 6.336%.
- Tajikistan comes in 45th with 6.005%.
- And Norway comes in 46th with 5.764%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Europe & Central Asia Region.
Top 10 Countries in the Europe & Central Asia Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Turkiye | 72.31% | 2022 |
| 2 | Moldova | 28.74% | 2022 |
| 3 | Ukraine | 20.18% | 2022 |
| 4 | Lithuania | 19.70% | 2022 |
| 5 | Estonia | 19.40% | 2022 |
| 6 | Latvia | 17.31% | 2022 |
| 7 | Bulgaria | 15.33% | 2022 |
| 8 | Belarus | 15.21% | 2022 |
| 9 | Czechia | 15.10% | 2022 |
| 10 | Hungary | 14.61% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, United Kingdom comes in 24th with 7.922% inflation, consumer prices (annual %).
- Within the same income group, Uruguay comes in 14th with 9.104%, inflation, consumer prices (annual %).
- Slovenia comes in 15th with 8.834%.
- Austria comes in 16th with 8.547%.
- Cyprus comes in 17th with 8.395%.
- Spain comes in 18th with 8.391%.
- Sweden comes in 19th with 8.369%.
- Iceland comes in 20th with 8.309%.
- Seychelles comes in 21st with 8.277%.
- Italy comes in 22nd with 8.201%.
- United States comes in 23rd with 8.003%.
- Portugal comes in 25th with 7.833%.
- Ireland comes in 26th with 7.807%.
- Denmark comes in 27th with 7.697%.
- Antigua and Barbuda comes in 28th with 7.531%.
- New Zealand comes in 29th with 7.172%.
- Finland comes in 30th with 7.124%.
- Germany comes in 31st with 6.873%.
- Canada comes in 32nd with 6.803%.
- Australia comes in 33rd with 6.594%.
- And Luxembourg comes in 34th with 6.336%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |