2024 Inflation Rate Uk 2024. Inflation rate for 2022 was 7.92%, a 5.4% increase from 2021. Inflation in the uk flatlined at the bank of england’s target of 2.0% in the 12 months to june 2024, strengthening hopes that the bank will reduce the bank rate from.
In july 2024, the retail prices measure of inflation, or rpi, rose and remained higher than cpi: The graph above displays annual inflation rates in the uk for calendar years from 1956 to 2023.