VernumoEveryday economics from official statistics

Inflation rate in the UK by year since 1960

Inflation rate by country in 2024

In 2024, annual inflation in the UK was 3.3%, ranking 2 of 21 countries. The highest was Poland at 3.8%.

RankCountryAnnual inflation
1Poland3.8%
2UK3.3%
3Netherlands3.3%
4Australia3.2%
5Norway3.1%
6Belgium3.1%
7U.S.2.9%
8Austria2.9%
9Spain2.8%
10Sweden2.8%
11Japan2.7%
12Canada2.4%
13Portugal2.4%
14South Korea2.3%
15Germany2.3%
16Ireland2.1%
17France2%
18Finland1.6%
19Denmark1.4%
20Switzerland1.1%
21Italy1%

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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