Average inflation rate in the United Kingdom 1980-2030

In 2024, the average inflation rate in the United Kingdom stood at 2.53 percent. Between 1980 and 2024, the figure dropped by 14.32 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by 0.53 percentage points from 2024 to 2030, fluctuating as it trends downward.

This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.