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. The UK inflation rate was 3.6 percent in October 2025, down from 3.8 percent in the previous two months, which was 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 non gamstop casinos the most recent month, prices were rising fastest in the education sector, at 7.5percent, with prices increasing at the slowest rate in the clothing and footwear sector. One of the main consequences of high inflation and low wage growth throughout 2022 and 2023 was an increase in industrial action in the UK. In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes.
Other statistics that may interest you Weather in the UK
- The use of one inflation measure over the other can therefore have a significant impact on people’s lives in the UK.
- Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors.
- Since 2015, the highest average daily temperature in the UK was registered in July 2018, at 18.7 degrees Celsius.
- In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes.
- In that month, prices were rising by 11.1 percent and did not fall below double figures until April 2023.
As of December 2024, this was 3.2 percent, slightly higher than the overall CPI rate, but more aligned with the overall figure than it was in 2022 and 2023. When inflation peaked at 11.2 percent in October 2022, for example, core inflation stood at just 6.5 percent. After energy prices in 2023 fell relative to 2022, the overall inflation rate in the UK declined quite rapidly, with core inflation overtaking the overall rate in July 2023. During the most recent period of high inflation, core inflation peaked at 7.1 percent in May 2023, and while taking longer to fall than the overall figure, has generally been declining since then. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services.
Public sector net debt expressed as a percentage of GDP in the United Kingdom from 1900/01 to 2029/30
This statistic is using original data from the Office for National Statistics and includes copyright material from © Crown, licensed under the Open Government License v3.0. The most important key figures provide you with a compact summary of the topic of „Fast food restaurants in the United Kingdom“ and take you straight to the corresponding statistics. The most important key figures provide you with a compact summary of the topic of „Migration in the UK“ and take you straight to the corresponding statistics.
From late 2021 onwards, various factors converged to encourage a global acceleration of prices, leading to the ongoing inflation crisis. Central bank interest rates were raised globally in response to the problem, possibly putting an end to the era of cheap money that has defined monetary policy since the financial crash of 2008. The highest average temperature recorded in 2024 until November was in August, at 16.8 degrees Celsius. Since 2015, the highest average daily temperature in the UK was registered in July 2018, at 18.7 degrees Celsius. One noticeable anomaly during this period was in December 2015, when the average daily temperature reached 9.5 degrees Celsius. This month also experienced the highest monthly rainfall in the UK since before 2014, with England, Wales, and Scotland suffering widespread flooding.
