Inflation United Kingdom 2017
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in September at 2.8%. The lowest inflation was in January at 1.9%.
- Highest month
- September: 2.8%
- Lowest month
- January: 1.9%
- Difference
- 0.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 4.4%. The lowest price increase was in Miscellaneous goods and services with an average of 1.4%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 4.4%
- Lowest increase
- Miscellaneous goods and services: 1.4%
Historical Context
Current inflation is 1.0% higher than the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 2.2%
- All-time high (2011)
- 3.8%
- All-time low (2015)
- 0.4%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +1.6 percentage point.
- Change vs. previous year
- +1.6 percentage points
- Largest monthly swing
- May: +2.0 percentage points
ECB Target
Inflation is 0.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
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 €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 1.9% | +1.3 |
| February | 2.3% | +1.7 |
| March | 2.3% | +1.5 |
| April | 2.6% | +1.9 |
| May | 2.7% | +2.0 |
| June | 2.6% | +1.8 |
| July | 2.6% | +1.7 |
| August | 2.7% | +1.7 |
| September | 2.8% | +1.5 |
| October | 2.8% | +1.5 |
| November | 2.8% | +1.3 |
| December | 2.7% | +0.9 |
| Average | 2.6% |
Data source
Data from OECD. Last updated: 11/01/2026.