Inflation United Kingdom 1976
Average inflation: 16.8%
Current Inflation
Inflation is very high at 16.8%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 23.4%. The lowest inflation was in July at 12.9%.
- Highest month
- January: 23.4%
- Lowest month
- July: 12.9%
- Difference
- 10.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 19.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 19.9%.
- Highest increase
- Food and non-alcoholic beverages: 19.9%
- Lowest increase
- Food and non-alcoholic beverages: 19.9%
Historical Context
Current inflation is 2.2% higher than the 5-year average of 14.6%.
- 5-year average
- 14.6%
- 10-year average
- 10.2%
- All-time high (1975)
- 24.1%
- All-time low (1959)
- 0.6%
Trend
Inflation has remained relatively stable. Compared to 1975, the difference is minimal (-7.3 percentage point).
- Change vs. previous year
- -7.3 percentage points
- Largest monthly swing
- July: -13.4 percentage points
ECB Target
Inflation is 14.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €116.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1976
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1975 |
|---|---|---|
| January | 23.4% | +3.5 |
| February | 22.9% | +3.0 |
| March | 21.2% | 0.0 |
| April | 18.9% | -2.8 |
| May | 15.4% | -9.6 |
| June | 13.8% | -12.3 |
| July | 12.9% | -13.4 |
| August | 13.8% | -13.1 |
| September | 14.3% | -12.3 |
| October | 14.7% | -11.2 |
| November | 15.0% | -10.2 |
| December | 15.1% | -9.8 |
| Average | 16.8% |
Data source
Data from OECD. Last updated: 17/12/2025.