Graph and download economic data for National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for United Kingdom (GBRGDPDEFQISMEI) from Q1 1960 to Q3 2023 about implicit price deflator, United Kingdom, and GDP.

Graph and download economic data for Gross Domestic Product Deflator for Great Britain (NGDPDSAIXGBQ) from Q1 1955 to Q4 2024 about United Kingdom and GDP.

United Kingdom UK:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data was reported at 112.108 2010=100 in Sep 2017. This records an increase from the previous number of 111.631 2010=100 for Jun 2017. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data is updated quarterly, averaging 49.205 2010=100 from Mar 1955 (Median) to Sep 2017, with 251 observations. The data reached an all-time high of 112.108 2010=100 in Sep 2017 and a record low of 4.709 2010=100 in Mar 1955. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.

United Kingdom UK:(GDP) Gross Domestic ProductDeflator: YoY% data was reported at 2.044 % in 2016. This records an increase from the previous number of 0.588 % for 2015. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: YoY% data is updated yearly, averaging 3.494 % from Dec 1949 (Median) to 2016, with 68 observations. The data reached an all-time high of 24.786 % in 1975 and a record low of 0.588 % in 2015. United Kingdom UK:(GDP) Gross Domestic ProductDeflator: YoY% data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.

The quarterly movements of growth and contributions to growth of implied UK GDP deflators.

Key information about UK GDP Deflator Growth

• United Kingdom GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022, compared with an increase of 6.4 % in the previous quarter.
• UK GDP Deflator Growth data is updated quarterly, available from Mar 1956 to Dec 2022, with an average rate of 3.7 %.
• The data reached an all-time high of 27.6 % in Jun 1975 and a record low of -5.0 % in Jun 2021.

• In the latest reports, United Kingdom GDP expanded 0.4 % YoY in Dec 2022.
• Its Nominal GDP reached 744.4 USD bn in Dec 2022.
• UK GDP Per Capita reached 46,373.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at 16.3 % in Sep 2022.

United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 1.964 % in 2017. This records a decrease from the previous number of 1.974 % for 2016. United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 4.055 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 25.778 % in 1975 and a record low of 0.456 % in 2015. United Kingdom UK: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Domestic output industry deflators on a monthly, quarterly and annual basis.

European Union GDP Deflator: EU 27 excl UK data was reported at 106.491 2015=100 in Dec 2019. This records an increase from the previous number of 104.620 2015=100 for Sep 2019. European Union GDP Deflator: EU 27 excl UK data is updated quarterly, averaging 90.639 2015=100 from Mar 1995 (Median) to Dec 2019, with 100 observations. The data reached an all-time high of 106.491 2015=100 in Dec 2019 and a record low of 70.902 2015=100 in Mar 1995. European Union GDP Deflator: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.A018: ESA 2010: Eurostat: GDP: Deflator: Current Price: 2015=100.

Experimental industry (division) level deflators for 1997 to 2022. They are a mixture of product and implied industry (division) level deflators.

United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: YoY% data was reported at 1.806 % in 2016. This records a decrease from the previous number of 2.194 % for 2015. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: YoY% data is updated yearly, averaging 2.569 % from Dec 1949 (Median) to 2016, with 68 observations. The data reached an all-time high of 7.359 % in 1973 and a record low of -4.328 % in 2009. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: YoY% data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.

United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: Seasonally Adjusted data was reported at 115.164 2010=100 in Sep 2017. This records an increase from the previous number of 114.721 2010=100 for Jun 2017. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: Seasonally Adjusted data is updated quarterly, averaging 56.622 2010=100 from Mar 1955 (Median) to Sep 2017, with 251 observations. The data reached an all-time high of 115.164 2010=100 in Sep 2017 and a record low of 25.292 2010=100 in Mar 1955. United Kingdom UK:(GDP) Gross Domestic ProductVolume Index: Seasonally Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.

El deflactor del PIB en el Reino Unido aumentó a 113.10 puntos en el cuarto trimestre de 2024 desde 112 puntos en el tercer trimestre de 2024. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Reino Unido - PIB - Deflactor.

The UK inflation rate was three percent in January 2025, up from 2.5 percent in the previous month, and the fastest rate of inflation since March 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent respectively.
The Cost of Living Crisis High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23. Global inflation crisis causes rapid surge in prices The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.

UK: DG ECFIN Forecast: GDP Deflator: Final Demand data was reported at 139.347 2015=100 in 2026. This records an increase from the previous number of 137.056 2015=100 for 2025. UK: DG ECFIN Forecast: GDP Deflator: Final Demand data is updated yearly, averaging 70.190 2015=100 from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 139.347 2015=100 in 2026 and a record low of 5.799 2015=100 in 1960. UK: DG ECFIN Forecast: GDP Deflator: Final Demand data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Global Database’s United Kingdom – Table UK.DG ECFIN.AMECO: GDP Deflator: 2015=100: Forecast.

Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

Key information about United Kingdom Nominal GDP

• United Kingdom Nominal GDP reached 744.4 USD bn in Dec 2022, compared with 735.9 USD bn in the previous quarter.
• Nominal GDP in UK is updated quarterly, available from Mar 1957 to Dec 2022, with an average number of 265.5 USD bn.
• The data reached an all-time high of 812.6 USD bn in Mar 2022 and a record low of 15.1 USD bn in Mar 1957.

• In the latest reports, UK GDP expanded 0.4 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• UK GDP Per Capita reached 46,373.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at 16.3 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 16.7 % in Sep 2022.
• Public Consumption accounted for 20.8 % in Sep 2022.
• Private Consumption accounted for 62.9 % in Sep 2022.