Inflation United Kingdom 1963

Average inflation: 2.0%

Inflation in 1963

Inflation is normal at 2.0%, around the ECB target.

Peak and Trough

The highest inflation was in February at 3.5%. The lowest inflation was in July at 0.8%.

Highest month
February: 3.5%
Lowest month
July: 0.8%
Difference
2.7 percentage points
Months with data
12 of 12

Historical Context

Inflation is around the 5-year average of 2.2%.

5-year average
2.2%
10-year average
2.9%
All-time high (1956)
5%
All-time low (1959)
0.6%

Trend

Over the period 1961-1963, inflation shows a downward trend. Compared to 1962, inflation has fallen by 2.2 percentage points.

Change vs. previous year
-2.2 percentage points
Largest monthly swing
June: -4.5 percentage points

ECB Target

Inflation is close to the ECB target of 2.0%.

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 £102 next year at this inflation rate.

Multi-year trend

Monthly figures 1963

Inflation by category

Food and non-alcoholic beverages
2.5%
+0.5 vs avg.

Inflation differs per product group. Click on a category for the historical trend.

Month overview

Month Inflation Difference vs. 1962
January 2.7% -1.9
February 3.5% -1.2
March 3.2% -1.6
April 2.1% -3.6
May 1.7% -4.0
June 1.0% -4.5
July 0.8% -4.3
August 1.4% -1.8
September 1.8% -1.5
October 2.3% -0.7
November 2.2% -0.1
December 1.9% -0.7
Average 2.0%

Data source

Data from OECD. Last updated: 17/12/2025.

See also