Inflation rate in the United Kingdom 2024

The statistic shows the inflation rate in the United Kingdom from 1984 to 2018, with projections up until 2024. 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 2018, the average inflation rate in the United Kingdom was at about 2.48 percent compared to the previous year. For comparison, inflation in India amounted to 3.6 percent that same year.

United Kingdom: Inflation rate from 1984 to 2024

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Source

Release date

October 2019

Region

United Kingdom (Great Britain)

Survey time period

1984 to 2018

Supplementary notes

* 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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