Inflation Rate and Consumer Price Index
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United Kingdom inflation rate

UK inflation summary for January 2024

Updated: February 14, 2024
Next update: March 20, 2024

Current UK inflation rate

January 2024
3.981%
The Consumer Price Index for United Kingdom is 131.481 for the month of January 2024. The inflation rate year over year is 3.981% (compared to 0.000% for the previous month). Inflation from December 2023 to January 2024 was -0.575%.

Previous UK Inflation Rate

December 2023 to January 2024
-0.575%

Month-to-Month UK Inflation Rate

December 2023
0.000%

Recent inflation rates for UK

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20243.981%
202310.052%10.416%10.057%8.658%8.681%7.950%6.827%6.657%6.652%4.600%3.941%3.993%7.303%
20225.456%6.177%7.023%9.011%9.083%9.412%10.101%9.870%10.096%11.052%10.672%10.528%9.067%
20210.701%0.414%0.714%1.526%2.115%2.514%2.040%3.197%3.080%4.206%5.130%5.386%2.588%
20201.769%1.710%1.523%0.767%0.480%0.603%1.040%0.220%0.532%0.697%0.315%0.589%0.851%
All inflation rates are calculated using the UK Consumer Price Index (CPI) series.