Inflation United Kingdom 2002
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 1.8%. The lowest inflation was in June at 1.1%.
- Highest month
- January: 1.8%
- Lowest month
- June: 1.1%
- Difference
- 0.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 5.6%. The lowest price increase was in Clothing and footwear with an average of -7.2%.
- Highest increase
- Education: 5.6%
- Lowest increase
- Clothing and footwear: -7.2%
Historical Context
Current inflation is around the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 2%
- All-time high (1990)
- 8%
- All-time low (2000)
- 1.2%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (-0.1 percentage point).
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- August: -0.8 percentage points
ECB Target
Inflation is 0.5% 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 €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 1.8% | +0.6 |
| February | 1.7% | +0.5 |
| March | 1.7% | +0.4 |
| April | 1.6% | +0.1 |
| May | 1.2% | -0.7 |
| June | 1.1% | -0.8 |
| July | 1.4% | -0.3 |
| August | 1.3% | -0.8 |
| September | 1.2% | -0.5 |
| October | 1.5% | -0.1 |
| November | 1.6% | +0.4 |
| December | 1.7% | +0.3 |
| Average | 1.5% |
Data source
Data from OECD. Last updated: 11/01/2026.