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Inflation rate in the United Kingdom 2021

The statistic shows the inflation rate in the United Kingdom from 1984 to 2019, with projections up until 2021. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2019, the average inflation rate in the United Kingdom was at about 1.79 percent compared to the previous year. For comparison, inflation in India amounted to 4.54 percent that same year.

United Kingdom: Inflation rate from 1984 to 2021

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Source

Release date

April 2020

Region

United Kingdom (Great Britain)

Survey time period

1984 to 2019

Supplementary notes

According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021.

* Estimate.

Values have been rounded to provide a better understanding of the statistic.

According to the source, these figures refer to the United Kingdom and include Great Britain (England, Wales, Scotland) as well as Northern Ireland.

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Statistics on "United Kingdom"

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