Current Bank of England inflation rate

Current inflation rate
Target 2.0%

Inflation rate

The inflation rate is the amount by which consumer prices have risen since a year ago expressed as a percentage. It does not include the prices of everything people buy. For example, it leaves out house prices.

The Bank of England has an arbitrary 2% inflation target mandated by government, although the bank has kept interest rates at close to zero despite inflation regularly exceeding this target since the 2008 financial crisis.

Find out more about the Bank of England's inflation