Inflation, consumer prices (annual %) - United Kingdom
| Source | World Bank |
| Unit of measure | % |
| Coverage | 2012 - 2024 |
| Last update | 2026 |
| Data license | CC BY 4.0 |
| Year | Value | YoY |
| 2012 | 2.6 | - |
| 2013 | 2.3 | -11.5% |
| 2014 | 1.5 | -34.8% |
| 2015 | 0.4 | -73.3% |
| 2016 | 1.0 | +150.0% |
| 2017 | 2.6 | +160.0% |
| 2018 | 2.3 | -11.5% |
| 2019 | 1.7 | -26.1% |
| 2020 | 1.0 | -41.2% |
| 2021 | 2.5 | +150.0% |
| 2022 | 7.9 | +216.0% |
| 2023 | 6.8 | -13.9% |
| 2024 | 3.3 | -51.5% |
UK Chancellor Faces Fiscal Pressure After February Borrowing Surge
UK government borrowing surged to £14.3bn in February 2026, the second-highest monthly figure in over 30 years, creating significant pressure on Chancellor Rachel Reeves to meet annual fiscal targets amid high spending and economic headwinds.
Source: IndexBox Mar 20, 2026
Bank of England Holds Interest Rate Steady Amid War-Driven Inflation Uncertainty
The Bank of England holds its interest rate steady, as a conflict involving Iran disrupts energy markets and complicates the path to lowering inflation, forcing a revision of economic forecasts for 2026.
Source: IndexBox Mar 19, 2026
UK Unemployment Could Exceed 5.5% as Middle East Conflict Delays Rate Cuts
Economic analysis projects UK unemployment could surge above 5.5%, impacting over 100,000 people, as Middle East conflict prolongs high energy costs and delays interest rate cuts, with manufacturing facing weak demand and rising costs.
Source: IndexBox Mar 16, 2026
UK Economy Stalls in January 2026, Missing Growth Forecasts
Official data shows the UK economy stalled with zero GDP growth in January 2026, falling short of expectations and complicating fiscal and monetary policy amid global energy supply disruptions.
Source: IndexBox Mar 13, 2026
Fertilizer Costs Rise Amid Trade Disruption, Sparking UK Food Price Concerns
A report details how surging fertilizer costs, linked to Middle East trade disruptions, are pressuring UK farmers and raising concerns about future food price inflation, with impacts potentially felt through the 2027 harvest.
Source: IndexBox Mar 11, 2026
UK Government Borrowing Costs Lead G7 Surge
The UK's government borrowing costs have risen fastest among G7 nations, driven by high oil prices and market nerves over fiscal intervention, squeezing public finances and raising mortgage rates.
Source: IndexBox Mar 9, 2026