Inflation United Kingdom 1994
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in January at 2.6%. The lowest inflation was in October at 1.8%.
- Highest month
- January: 2.6%
- Lowest month
- October: 1.8%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 8.2%. The lowest price increase was in Communication with an average of -5.0%.
- Highest increase
- Education: 8.2%
- Lowest increase
- Communication: -5.0%
Historical Context
Current inflation is 2.8% lower than the 5-year average of 5.0%. This approaches the lowest level since records began (2.2% in 1994).
- 5-year average
- 5%
- 10-year average
- 4.8%
- All-time high (1975)
- 24.1%
- All-time low (1994)
- 2.2%
Trend
Inflation shows a downward trend. Compared to 1993, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- March: -1.0 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 €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 2.6% | -0.4 |
| February | 2.4% | -0.7 |
| March | 2.2% | -1.0 |
| April | 2.4% | -0.2 |
| May | 2.4% | +0.1 |
| June | 2.3% | +0.1 |
| July | 2.1% | -0.2 |
| August | 2.2% | -0.4 |
| September | 1.9% | -0.8 |
| October | 1.8% | -0.6 |
| November | 2.1% | 0.0 |
| December | 2.2% | -0.1 |
| Average | 2.2% |
Data source
Data from OECD. Last updated: 11/01/2026.