68 datasets found
  1. Inflation rate in the UK 2015-2025

    • statista.com
    Updated Oct 24, 2025
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    Statista (2025). Inflation rate in the UK 2015-2025 [Dataset]. https://www.statista.com/statistics/306648/inflation-rate-consumer-price-index-cpi-united-kingdom-uk/
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    Dataset updated
    Oct 24, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2015 - Aug 2025
    Area covered
    United Kingdom
    Description

    The UK inflation rate was 3.8 percent in September 2025, unchanged from the previous two months, and the fastest rate of inflation since January 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 education sector, at 7.5 percent, with prices increasing at the slowest rate in the clothing and footwear sector. 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.

  2. Consumer price inflation tables

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Oct 22, 2025
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    Office for National Statistics (2025). Consumer price inflation tables [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflation
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    xlsxAvailable download formats
    Dataset updated
    Oct 22, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

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

  3. T

    India Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 12, 2025
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    TRADING ECONOMICS (2025). India Inflation Rate [Dataset]. https://tradingeconomics.com/india/inflation-cpi
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    csv, xml, excel, jsonAvailable download formats
    Dataset updated
    Nov 12, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2012 - Oct 31, 2025
    Area covered
    India
    Description

    Inflation Rate in India decreased to 0.25 percent in October from 1.44 percent in September of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  4. CPI in the UK 2000-2025

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). CPI in the UK 2000-2025 [Dataset]. https://www.statista.com/statistics/306631/consumer-price-index-cpi-united-kingdom/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    The Consumer Price Index of the United Kingdom was 139.2 in the third quarter of 2025, indicating that consumer prices have increased by 39.2 percent when compared with the first quarter of 2015. As of September 2025, the inflation rate for the CPI was 3.8 percent, an uptick from the start of 2025, when prices were rising by three percent. A long period of elevated inflation between 2021 and 2023 peaked in October 2022 and saw prices increase by over 20 percent in just three years. Uptick in inflation expected in 2025 In late 2024, the UK's main economic forecaster, the Office for Budget Responsibility, predicted that the annual inflation rate for 2025 would average out at around 2.6 percent. In March 2025, however, the OBR revised this figure upward, with annual inflation now expected to be 3.2 percent. This uptick in inflation is predicted to peak in the third quarter of the year at 3.7 percent before falling to two percent by the second quarter of 2026. Although this period of higher inflation is predicted to be far less severe than in 2022, it will no doubt put further pressure on households already struggling with their cost of living. Cost of living woes continue The share of UK households reporting that their cost of living was increasing has been steadily rising since Summer 2024. At that time, less than half of UK households reported rising costs, down from 91 percent two years earlier. As of March 2025, however, 59 percent of households said their costs were rising, the highest figure since 2023. Of these households, 93 percent reported that their food shop was increasing, with three quarters of them reporting higher energy costs. With higher inflation predicted in 2025, the pressure on UK households will likely continue, although a crisis on the scale of 2021-2023 will hopefully be avoided.

  5. C

    Colombia Inflation Rate: Valledupar

    • ceicdata.com
    Updated Oct 15, 2025
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    CEICdata.com (2025). Colombia Inflation Rate: Valledupar [Dataset]. https://www.ceicdata.com/en/colombia/inflation-rate/inflation-rate-valledupar
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    Dataset updated
    Oct 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jul 1, 2017 - Jun 1, 2018
    Area covered
    Colombia
    Variables measured
    Consumer Prices
    Description

    Colombia Inflation Rate: Valledupar data was reported at 0.200 % in Dec 2018. This records a decrease from the previous number of 0.270 % for Nov 2018. Colombia Inflation Rate: Valledupar data is updated monthly, averaging 0.270 % from Jan 2009 (Median) to Dec 2018, with 120 observations. The data reached an all-time high of 1.220 % in Feb 2016 and a record low of -1.170 % in Sep 2016. Colombia Inflation Rate: Valledupar data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I002: Consumer Price Index: Inflation Rate.

  6. F

    Chained Consumer Price Index for All Urban Consumers: All Items in U.S. City...

    • fred.stlouisfed.org
    json
    Updated Oct 24, 2025
    + more versions
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    (2025). Chained Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/SUUR0000SA0
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    jsonAvailable download formats
    Dataset updated
    Oct 24, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Chained Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (SUUR0000SA0) from Dec 1999 to Sep 2025 about chained, all items, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

  7. Monthly inflation rate in Indonesia 2016-2023

    • statista.com
    Updated Nov 29, 2025
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    Statista, Monthly inflation rate in Indonesia 2016-2023 [Dataset]. https://www.statista.com/statistics/861084/indonesia-monthly-inflation-rate/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2016 - Dec 2023
    Area covered
    Indonesia
    Description

    The monthly inflation rate in Indonesia stood at **** percent as of December 2023, showing an increase from the previous month. The inflation rate in Indonesia averaged around nine percent from 1997 until 2021, reaching its peak at ***** percent in September 1998.

  8. T

    Brazil Inflation Rate

    • tradingeconomics.com
    • ru.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 11, 2025
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    TRADING ECONOMICS (2025). Brazil Inflation Rate [Dataset]. https://tradingeconomics.com/brazil/inflation-cpi
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Nov 11, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1980 - Oct 31, 2025
    Area covered
    Brazil
    Description

    Inflation Rate in Brazil decreased to 4.68 percent in October from 5.17 percent in September of 2025. This dataset provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  9. F

    Inflation, consumer prices for the United States

    • fred.stlouisfed.org
    json
    Updated Apr 16, 2025
    + more versions
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    (2025). Inflation, consumer prices for the United States [Dataset]. https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
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    jsonAvailable download formats
    Dataset updated
    Apr 16, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

  10. P

    Philippines Inflation, monthly percent change in the CPI, September, 2025 -...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 7, 2024
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    Globalen LLC (2024). Philippines Inflation, monthly percent change in the CPI, September, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Philippines/inflation_monthly/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Aug 7, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 28, 1994 - Sep 30, 2025
    Area covered
    Philippines
    Description

    Inflation, monthly percent change in the CPI in the Philippines, September, 2025 The most recent value is 0 percent as of September 2025, a decline compared to the previous value of 0.63 percent. Historically, the average for the Philippines from February 1994 to September 2025 is 0.37 percent. The minimum of -0.77 percent was recorded in January 2016, while the maximum of 3.43 percent was reached in January 2000. | TheGlobalEconomy.com

  11. Rate of inflation for food in the United Kingdom (UK) 2015-2025

    • statista.com
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    Statista, Rate of inflation for food in the United Kingdom (UK) 2015-2025 [Dataset]. https://www.statista.com/statistics/537050/uk-inflation-rate-food-in-united-kingdom/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Mar 2015 - Jul 2025
    Area covered
    United Kingdom
    Description

    In July 2025, the inflation rate for food prices in the United Kingdom was measured at 4.9 percent. A period of continuous deflation between March 2015 and January 2017 preceded a return to a sustained rise in the cost of food from February 2017 onwards. While food prices were deflating between September 2020 and July 2021, they started increasing rapidly from August 2021 to March 2023. The inflation rate started to decline from April 2023, but is picking up again in 2025.Inflation rate and consumer price indexInflation is commonly measured via the consumer price index, which illustrates changes to prices paid by consumers for a representative basket of goods and services. An annualized percentage change in the price index constitutes a measure of inflation. In order to maintain an inflation rate at a stable level, to enable the general public and businesses to plan their spending, the Government set a two percent inflation target for the Bank of England. The discounter boom The increase in food prices in the United Kingdom has shifted shopping behaviors amongst consumers. Value is now key and shoppers are changing their retailer loyalties. Aldi, the German discount supermarket retailer, overtook Morrisons as Great Britain's fourth largest supermarket in September of 2022. Aldi's market share reached double digits for the first time in April 2023. It is yet to be seen if Lidl, Aldi's discounter competitor, can also continue to rise up in the ranks and eventually take over Morrisons as the fifth leading food retailer.

  12. E

    Egypt Inflation, monthly percent change in the CPI, September, 2025 - data,...

    • theglobaleconomy.com
    csv, excel, xml
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    Globalen LLC, Egypt Inflation, monthly percent change in the CPI, September, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Egypt/inflation_monthly/
    Explore at:
    xml, csv, excelAvailable download formats
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 2016 - Sep 30, 2025
    Area covered
    Egypt
    Description

    Inflation, monthly percent change in the CPI in Egypt, September, 2025 The most recent value is 1.48 percent as of September 2025, an increase compared to the previous value of 0.23 percent. Historically, the average for Egypt from March 2016 to September 2025 is 1.3 percent. The minimum of -4.08 percent was recorded in December 2018, while the maximum of 11.03 percent was reached in February 2024. | TheGlobalEconomy.com

  13. G

    Ghana Core Inflation Rate: excl Energy, Utility and All Food Items

    • ceicdata.com
    Updated Oct 15, 2025
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    CEICdata.com (2025). Ghana Core Inflation Rate: excl Energy, Utility and All Food Items [Dataset]. https://www.ceicdata.com/en/ghana/core-inflation-rates/core-inflation-rate-excl-energy-utility-and-all-food-items
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    Dataset updated
    Oct 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2017 - Feb 1, 2018
    Area covered
    Ghana
    Description

    Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data was reported at 11.200 % in Oct 2018. This records a decrease from the previous number of 11.900 % for Sep 2018. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data is updated monthly, averaging 16.900 % from Jan 2016 (Median) to Oct 2018, with 34 observations. The data reached an all-time high of 24.900 % in Mar 2016 and a record low of 11.200 % in Oct 2018. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I006: Core Inflation Rates.

  14. Monthly inflation rate and central bank interest rate in Germany 2018-2025

    • statista.com
    Updated Nov 6, 2025
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    Statista (2025). Monthly inflation rate and central bank interest rate in Germany 2018-2025 [Dataset]. https://www.statista.com/statistics/1312145/germany-inflation-rate-central-bank-rate-monthly/
    Explore at:
    Dataset updated
    Nov 6, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2018 - Sep 2025
    Area covered
    Germany
    Description

    Between January 2018 and September 2025, Germany's inflation rate experienced significant volatility. Initially fluctuating between 0.3 and 3.1 percent, the rate escalated dramatically, reaching a peak of 10.4 percent in October 2022. By September 2024, the inflation rate had moderated to 1.6 percent. However, inflation began rising again towards the end of 2024, standing at 2.6 percent in December. In the first half of 2025, inflation remained relatively stable, standing at 2.1 percent in May 2025. The European Central Bank (ECB) responded to these inflationary pressures with a series of interest rate adjustments. After maintaining historically low rates, the ECB initiated its first rate hike since March 2016 in July 2022, raising the rate to 0.5 percent. The interest rate continued to increase, stabilizing at 4.5 percent from September 2023 to June 2024. In a notable shift, June 2024 marked the first rate cut during this period. It was followed by a series of rate cuts until the end of the year, with the last cut in 2024 setting the rate at 3.15 percent. Several further cuts were implemented in the first half of 2025, setting the rate at 2.15 percent in June 2025. As of September 2025, the inflation rate is 2.4 percent, with the ECB interest rate at 2.15 percent.

  15. y

    US Health Care Inflation Rate

    • ycharts.com
    html
    Updated Oct 24, 2025
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    Bureau of Labor Statistics (2025). US Health Care Inflation Rate [Dataset]. https://ycharts.com/indicators/us_health_care_inflation_rate
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    htmlAvailable download formats
    Dataset updated
    Oct 24, 2025
    Dataset provided by
    YCharts
    Authors
    Bureau of Labor Statistics
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Mar 31, 1938 - Sep 30, 2025
    Area covered
    United States
    Variables measured
    US Health Care Inflation Rate
    Description

    View monthly updates and historical trends for US Health Care Inflation Rate. from United States. Source: Bureau of Labor Statistics. Track economic data …

  16. C

    Colombia Inflation Rate: Sincelejo

    • ceicdata.com
    Updated Oct 15, 2025
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    CEICdata.com (2025). Colombia Inflation Rate: Sincelejo [Dataset]. https://www.ceicdata.com/en/colombia/inflation-rate/inflation-rate-sincelejo
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    Dataset updated
    Oct 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jul 1, 2017 - Jun 1, 2018
    Area covered
    Colombia
    Variables measured
    Consumer Prices
    Description

    Colombia Inflation Rate: Sincelejo data was reported at 0.060 % in Dec 2018. This records a decrease from the previous number of 0.120 % for Nov 2018. Colombia Inflation Rate: Sincelejo data is updated monthly, averaging 0.280 % from Jan 2009 (Median) to Dec 2018, with 120 observations. The data reached an all-time high of 1.320 % in Jan 2016 and a record low of -0.740 % in Sep 2010. Colombia Inflation Rate: Sincelejo data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.I002: Consumer Price Index: Inflation Rate.

  17. A

    Angola Inflation, monthly percent change in the CPI, September, 2025 - data,...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 6, 2024
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    Globalen LLC (2024). Angola Inflation, monthly percent change in the CPI, September, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Angola/inflation_monthly/
    Explore at:
    csv, excel, xmlAvailable download formats
    Dataset updated
    Aug 6, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 29, 2012 - Sep 30, 2025
    Area covered
    Angola
    Description

    Inflation, monthly percent change in the CPI in Angola, September, 2025 The most recent value is 1.01 percent as of September 2025, a decline compared to the previous value of 1.09 percent. Historically, the average for Angola from February 2012 to September 2025 is 1.49 percent. The minimum of 0 percent was recorded in February 2014, while the maximum of 6.82 percent was reached in February 2016. | TheGlobalEconomy.com

  18. T

    Euro Area Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Dec 2, 2025
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    TRADING ECONOMICS (2025). Euro Area Inflation Rate [Dataset]. https://tradingeconomics.com/euro-area/inflation-cpi
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    excel, json, csv, xmlAvailable download formats
    Dataset updated
    Dec 2, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1991 - Nov 30, 2025
    Area covered
    Euro Area
    Description

    Inflation Rate In the Euro Area increased to 2.20 percent in November from 2.10 percent in October of 2025. This dataset provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  19. G

    Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and...

    • ceicdata.com
    Updated Oct 15, 2025
    + more versions
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    CEICdata.com (2025). Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation [Dataset]. https://www.ceicdata.com/en/ghana/core-inflation-rates/core-inflation-rate-excl-energy-utility-volatile-items-and-transportation
    Explore at:
    Dataset updated
    Oct 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2017 - Feb 1, 2018
    Area covered
    Ghana
    Description

    Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data was reported at 10.500 % in Oct 2018. This records a decrease from the previous number of 10.800 % for Sep 2018. Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data is updated monthly, averaging 12.650 % from Jan 2016 (Median) to Oct 2018, with 34 observations. The data reached an all-time high of 17.900 % in Jul 2016 and a record low of 10.500 % in Oct 2018. Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I006: Core Inflation Rates.

  20. T

    Russia Inflation Rate

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 14, 2025
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    TRADING ECONOMICS (2025). Russia Inflation Rate [Dataset]. https://tradingeconomics.com/russia/inflation-cpi
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Nov 14, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1991 - Oct 31, 2025
    Area covered
    Russia
    Description

    Inflation Rate in Russia decreased to 7.70 percent in October from 8 percent in September of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Statista (2025). Inflation rate in the UK 2015-2025 [Dataset]. https://www.statista.com/statistics/306648/inflation-rate-consumer-price-index-cpi-united-kingdom-uk/
Organization logo

Inflation rate in the UK 2015-2025

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12 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Oct 24, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Jan 2015 - Aug 2025
Area covered
United Kingdom
Description

The UK inflation rate was 3.8 percent in September 2025, unchanged from the previous two months, and the fastest rate of inflation since January 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 education sector, at 7.5 percent, with prices increasing at the slowest rate in the clothing and footwear sector. 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.

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