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In the 12 months to September 2023 the figure was 6.7%. That means things costing £1 in September 2022 cost almost £1.07 the same time the following year. UK inflation rate calculator: How much ...
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Uk inflation history inflation hit 24% in 1975 and in 1976 the Sterling crisis occurred, followed by the Winter of Discontent [2]. The traditional measure of inflation in the UK for many years was the Retail Prices Index (RPI), which was first calculated in the early 20th century to evaluate the extent to which workers were affected by price changes during the First World War.
As of 2016, the UK state pension is indexed by the highest of the increase in average earnings, CPI or 2.5% ("the triple lock"). [12] [13] The highest annual inflation since the introduction of the RPI came in June 1975, with an increase in retail prices of 26.9% from a year earlier.
Government borrowing for debt (10-year bond) increased to over 15% in the 1970s and early 1980s. The 1973 oil crisis caused an increase in the price of Brent Crude Initiation of the inflationary cycle is traced to Anthony Barber 's 1972 budget which was designed to return the Conservatives to power in an election expected in 1974 or 1975.
The UK inflation rate has gone up for the second month in a row, with prices rising at their fastest pace since March. Inflation hit 2.6% in the year to November, according to official figures.
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Pages in category "Inflation in the United Kingdom" The following 14 pages are in this category, out of 14 total. This list may not reflect recent changes. A.