Inflation United Kingdom 1968
Average inflation: 4.7%
Inflation in 1968
Inflation is high at 4.7%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 5.9%. The lowest inflation was in January at 2.6%.
- Highest month
- September: 5.9%
- Lowest month
- January: 2.6%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.9 percentage points higher than the 5-year average of 3.8%. This approaches the highest level since records began (5.0% in 1956).
- 5-year average
- 3.8%
- 10-year average
- 3%
- All-time high (1956)
- 5%
- All-time low (1959)
- 0.6%
Trend
Over the period 1966-1968, inflation has remained relatively stable. Compared to 1967, inflation has risen by 2.2 percentage points.
- Change vs. previous year
- +2.2 percentage points
- Largest monthly swing
- September: +4.4 percentage points
ECB Target
Inflation is 2.7 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 £104.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1968
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1967 |
|---|---|---|
| January | 2.6% | -1.1 |
| February | 3.0% | -0.7 |
| March | 3.4% | -0.1 |
| April | 4.4% | +1.4 |
| May | 4.6% | +2.4 |
| June | 4.6% | +2.2 |
| July | 5.3% | +3.1 |
| August | 5.7% | +4.3 |
| September | 5.9% | +4.4 |
| October | 5.6% | +3.6 |
| November | 5.2% | +3.3 |
| December | 5.9% | +3.4 |
| Average | 4.7% |
Data source
Data from OECD. Last updated: 17/12/2025.