VernumoEveryday economics from official statistics

Inflation rate in the UK by year since 1960

Inflation rate by country in 1980

In 1980, annual inflation in the UK was 18%, ranking 4 of 20 countries. The highest was South Korea at 28.7%.

RankCountryAnnual inflation
1South Korea28.7%
2Italy21.1%
3Ireland18.1%
4UK18%
5Portugal15.8%
6Spain15.6%
7Sweden13.7%
8U.S.13.6%
9France13.6%
10Denmark12.3%
11Finland11.6%
12Norway10.9%
13Canada10.1%
14Australia10.1%
15Japan7.8%
16Belgium6.6%
17Netherlands6.5%
18Austria6.3%
19Germany5.4%
20Switzerland4%

Other years

Annual inflation = average consumer price index for the year ÷ the previous year’s average − 1. Source: OECD annual consumer price indexes; the most recent years for the U.S. and Japan are extended with national indexes (BLS, Statistics Bureau of Japan). Monthly 12-month rates published by national agencies can differ.

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