United Kingdom | Consumer price index (2010 = 100)

Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages. Development relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series. Limitations and exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries. Statistical concept and methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source
United Kingdom | Consumer price index (2010 = 100)
1960 6.2732838
1961 6.48955502
1962 6.76188913
1963 6.8983808
1964 7.12475717
1965 7.46487701
1966 7.75672517
1967 7.94925606
1968 8.32266664
1969 8.77597429
1970 9.3347027
1971 10.21635019
1972 10.93875837
1973 11.94469022
1974 13.86109765
1975 17.21649343
1976 20.06746255
1977 23.24620215
1978 25.16706861
1979 28.54481136
1980 33.67315055
1981 37.67238487
1982 40.91178195
1983 42.79753005
1984 44.92059183
1985 47.6478981
1986 49.28108193
1987 51.32571574
1988 53.45847975
1989 56.53782134
1990 61.09672647
1991 65.65563159
1992 68.67024228
1993 70.42722397
1994 71.99001295
1995 73.93194008
1996 76.04031811
1997 77.71407435
1998 79.12890697
1999 80.51599778
2000 81.4684668
2001 82.71684853
2002 83.97447753
2003 85.13038654
2004 86.31403736
2005 88.11725541
2006 90.28111707
2007 92.43573146
2008 95.69077122
2009 97.56796745
2010 100
2011 103.85611245
2012 106.52857407
2013 108.96985389
2014 110.55113741
2015 110.95801738
2016 112.0769373
2017 114.94359164
2018 117.57906418
2019 119.6227113
2020 120.80636212
2021 123.84871463
2022 133.66007028

United Kingdom | Consumer price index (2010 = 100)

Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages. Development relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series. Limitations and exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries. Statistical concept and methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source