Inflation United Kingdom 1977
Average inflation: 15.9%
Inflation in 1977
Inflation is very high at 15.9%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 17.7%. The lowest inflation was in December at 12.1%.
- Highest month
- June: 17.7%
- Lowest month
- December: 12.1%
- Difference
- 5.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.5 percentage points lower than the 5-year average of 16.4%.
- 5-year average
- 16.4%
- 10-year average
- 11.5%
- All-time high (1975)
- 24.1%
- All-time low (1959)
- 0.6%
Trend
Over the period 1975-1977, inflation shows a downward trend. Compared to 1976, inflation has fallen by 0.9 percentage points.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- January: -6.8 percentage points
ECB Target
Inflation is 13.9 percentage points 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 £115.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1977
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1976 |
|---|---|---|
| January | 16.6% | -6.8 |
| February | 16.2% | -6.7 |
| March | 16.7% | -4.5 |
| April | 17.5% | -1.4 |
| May | 17.1% | +1.7 |
| June | 17.7% | +3.9 |
| July | 17.6% | +4.7 |
| August | 16.5% | +2.7 |
| September | 15.6% | +1.3 |
| October | 14.1% | -0.6 |
| November | 13.0% | -2.0 |
| December | 12.1% | -3.0 |
| Average | 15.9% |
Data source
Data from OECD. Last updated: 17/12/2025.