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 composite price index, the pound experienced an average inflation rate of 2.76% per year. Prices in 2018 are 24.3% higher than prices in 2010.

In other words, £1 in the year 2010 is equivalent in purchasing power to £1.24 in 2018, a difference of £0.24 over 8 years.

The
current inflation rate
in 2018 is 3.10%^{1}. If this number holds, £1 today will be equivalent to £1.03 next year.

Cumulative price change | 24.34% |

Average inflation rate | 2.76% |

Price difference (£1 base) | £0.24 |

CPI in 2010 | 881.9 |

CPI in 2018 | 1096.59148 |

CPI in 2018 / CPI in 2010 * 2010 GBP value = 2018 GBP value

Then plug in historical CPI values. The UK CPI was 881.9 in the year 2010 and 1096.59148 in 2018:

1096.59148 / 881.9 * £1 =

£1 in 2010 has the same "purchasing power" as £1.24 in 2018.

Politics and news often influence economic performance. Here's what was happening at the time:

- 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.

Raw data for these calculations comes from 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.

You may use the following MLA citation for this page: “Inflation Rate in 2010 | UK Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/UK-inflation-rate-in-2010.