Inflation United Kingdom 2001

Average inflation: 1.6%

Current Inflation

Inflation is low at 1.6%, below the ECB target of 2%.

Peak and Trough

The highest inflation was in August at 2.1%. The lowest inflation was in January at 1.2%.

Highest month
August: 2.1%
Lowest month
January: 1.2%
Difference
0.9 percentage points
Months with data
12 of 12

Category Insights

The highest price increase was in Education with an average of 6.0%. The lowest price increase was in Clothing and footwear with an average of -7.4%.

Highest increase
Education: 6.0%
Lowest increase
Clothing and footwear: -7.4%

Historical Context

Current inflation is around the 5-year average of 1.7%.

5-year average
1.7%
10-year average
2.4%
All-time high (1982)
8.7%
All-time low (2000)
1.2%

Trend

Inflation has remained relatively stable. Compared to 2000, the difference is minimal (+0.4 percentage point).

Change vs. previous year
+0.4 percentage points
Largest monthly swing
August: +1.1 percentage points

ECB Target

Inflation is 0.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.

Purchasing Power

At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.

What you could buy for €100 this year will cost approximately €101.60 next year at this inflation rate.

Multi-year trend

Monthly figures 2001

Inflation by category

Food and non-alcoholic beverages
3.8%
+2.2vs avg.
More details →
Alcoholic beverages, tobacco and narcotics
3.3%
+1.7vs avg.
More details →
Clothing and footwear
-7.4%
-9.0vs avg.
More details →
Housing, water, electricity, gas and other fuels
2.6%
+1.0vs avg.
More details →
Furnishings, household equipment and maintenance
-0.1%
-1.7vs avg.
More details →
Health
3.8%
+2.2vs avg.
More details →
Transport
-0.1%
-1.7vs avg.
More details →
Communication
-6.4%
-8.0vs avg.
More details →
Recreation and culture
1.4%
-0.2vs avg.
More details →
Education
6.0%
+4.4vs avg.
More details →
Restaurants and hotels
3.8%
+2.2vs avg.
More details →
Miscellaneous goods and services
3.0%
+1.4vs avg.
More details →

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

Month overview

Month Inflation Difference vs. 2000
January 1.2% 0.0
February 1.2% 0.0
March 1.3% +0.3
April 1.5% +0.6
May 1.9% +0.9
June 1.9% +0.7
July 1.7% +0.5
August 2.1% +1.1
September 1.7% +0.4
October 1.6% +0.2
November 1.2% -0.3
December 1.4% +0.2
Average 1.6%

Data source

Data from OECD. Last updated: 13/01/2026.

See also