Current Inflation Rate In Uk 2024. The annual inflation rate in the uk edged up to 2.2% in july 2024 from 2% in june, but below forecasts of 2.3%. Inflation in the uk flatlined at the bank of england’s target of 2.0% in the 12 months to june 2024, strengthening hopes that the bank will reduce the bank rate from 5.25% to 5%.

Our inflation calculator is designed for illustrative and general reference purposes only. If the basket of the things we talked about was £100 a year ago, then today it would cost £102.