Inflation United Kingdom 1962
Average inflation: 4.2%
Inflation in 1962
Inflation is high at 4.2%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 5.7%. The lowest inflation was in November at 2.3%.
- Highest month
- April: 5.7%
- Lowest month
- November: 2.3%
- Difference
- 3.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.8 percentage points higher than the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 3%
- All-time high (1956)
- 5%
- All-time low (1959)
- 0.6%
Trend
Over the period 1960-1962, inflation shows an upward trend. Compared to 1961, inflation has risen by 0.8 percentage points.
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- April: +3.0 percentage points
ECB Target
Inflation is 2.2 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for £100 this year will cost approximately £104.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1962
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1961 |
|---|---|---|
| January | 4.6% | +2.4 |
| February | 4.7% | +2.5 |
| March | 4.8% | +2.1 |
| April | 5.7% | +3.0 |
| May | 5.7% | +2.7 |
| June | 5.5% | +2.2 |
| July | 5.1% | +1.9 |
| August | 3.2% | -1.6 |
| September | 3.3% | -1.2 |
| October | 3.0% | -0.9 |
| November | 2.3% | -2.2 |
| December | 2.6% | -1.8 |
| Average | 4.2% |
Data source
Data from OECD. Last updated: 17/12/2025.