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United Kingdom Annual Inflation Rate

The United Kingdom's annual inflation rate fell to 3.27% in 2024, down from 6.79% in 2023, according to World Bank. This represents a decrease of 3.52% from the previous year. The United Kingdom has annual inflation rate higher than the global median (3.27% vs median 3.16%). Compared with the median in Europe, the United Kingdom is higher (3.27% vs regional median 2.76%) and ranks 15th out of 43 countries in Europe.

Yearly Historical Data (1960-2024)

(in %)
Year Annual Inflation Rate (%)
2024 3.27%
2023 6.79%
2022 7.92%
2021 2.52%
2020 0.99%
2019 1.74%
2018 2.29%
2017 2.56%
2016 1.01%
2015 0.37%
2014 1.45%
2013 2.29%
2012 2.57%
2011 3.86%
2010 2.49%
2009 1.96%
2008 3.52%
2007 2.39%
2006 2.46%
2005 2.09%
2004 1.39%
2003 1.38%
2002 1.52%
2001 1.53%
2000 1.18%
1999 1.75%
1998 1.82%
1997 2.2%
1996 2.85%
1995 2.7%
1994 2.22%
1993 2.56%
1992 4.59%
1991 7.46%
1990 8.06%
1989 5.76%
1988 4.16%
1987 4.15%
1986 3.43%
1985 6.07%
1984 4.96%
1983 4.61%
1982 8.6%
1981 11.88%
1980 17.97%
1979 13.42%
1978 8.26%
1977 15.84%
1976 16.56%
1975 24.21%
1974 16.04%
1973 9.2%
1972 7.07%
1971 9.44%
1970 6.37%
1969 5.45%
1968 4.7%
1967 2.48%
1966 3.91%
1965 4.77%
1964 3.28%
1963 2.02%
1962 4.2%
1961 3.45%
1960 1%
United Kingdom Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in United Kingdom.
Indicator Last Value Prior Value Period
Core Inflation Rate 3.5% 3.6% Sep'25
Inflation Rate 3.8% 3.8% Sep'25
Inflation Rate MoM 0% 0.3% Sep'25
Producer Price Index (PPI) 3.4% 3.1% Sep'25