United Kingdom - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in United Kingdom was 123.85 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 123.85 in 2021 and a minimum value of 6.27 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 6.27
1961 6.49
1962 6.76
1963 6.90
1964 7.12
1965 7.46
1966 7.76
1967 7.95
1968 8.32
1969 8.78
1970 9.33
1971 10.22
1972 10.94
1973 11.94
1974 13.86
1975 17.22
1976 20.07
1977 23.25
1978 25.17
1979 28.54
1980 33.67
1981 37.67
1982 40.91
1983 42.80
1984 44.92
1985 47.65
1986 49.28
1987 51.33
1988 53.46
1989 56.54
1990 61.10
1991 65.66
1992 68.67
1993 70.43
1994 71.99
1995 73.93
1996 76.04
1997 77.71
1998 79.13
1999 80.52
2000 81.47
2001 82.72
2002 83.97
2003 85.13
2004 86.31
2005 88.12
2006 90.28
2007 92.44
2008 95.69
2009 97.57
2010 100.00
2011 103.86
2012 106.53
2013 108.97
2014 110.55
2015 110.96
2016 112.08
2017 114.94
2018 117.58
2019 119.62
2020 120.81
2021 123.85

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices