UK inflation rate in 2010: 4.61%

UK Inflation Calculator

£

UK Inflation Rate, 2010-2017 (£1)

The composite price index (CPI) in 2010 was 881.9. the Office for National Statistics uses this CPI value to track inflation on a monthly basis.

According to the Office for National Statistics, the pound experienced an average inflation rate of 2.74% per year. Prices in 2017 are 20.8% higher than prices in 2010.

In other words, £1 in the year 2010 is equivalent to £1.21 in 2017, a difference of £0.21 over 7 years.

The current inflation rate in 2017 is 2.70%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 2010 to 2017
Cumulative price change 20.80%
Average inflation rate 2.74%
Price difference (£1 base) £0.21
CPI in 2010 881.9
CPI in 2017 1065.34818


UK inflation chart from 1988 to 2017. Based on the UK Consumer Price Index.


How to calculate the inflation rate for £1 since 2010

Start with the inflation rate formula:

CPI in 2017 / CPI in 2010 * 2010 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 881.9 in the year 2010 and 1065.34818 in 2017:

1065.34818 / 881.9 * £1 = £1.21

The "purchasing power" of £1 from 2010 is £1.21 in 2017.


News headlines from 2010

Politics and news often play an important role in economic performance.

  • The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
  • Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
  • An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
  • The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

Inflation Data Source: This calculator uses the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast.


» Read more about inflation.