UK
G7 average
Other G7 countries
4
0%
2
6
8
10
12
2008
G7 average peaks at 4.6% post financial crisis
2009
UK stays stubbornly high. 3.1 points above G7 average in July 2009
2010
2011
Higher commodity and energy prices in 2011 raise inflation across the G7, with the UK highest of all from Mar 2010 to Jan 2012
2012
2013
2014
Dec 2012 to Feb 2014, UK records highest CPI in the G7
2015
2014 and 2016, UK inflation remains in line with G7 average
2016
2017
After the Brexit vote, UK inflation rises in 2017. Prices for imported goods rise at faster rates
2018
2019
UK leaves EU
2020
Covid pandemic hits global economy, disrupting supply and demand for some goods and services
2021
2022
2023
Russia's invasion of Ukraine causes energy and food prices to soar
UK inflation climbs to 3.5 points higher than the G7 average
4
-2
0%
2
6
8
10
12
UK
G7 average
Other G7 countries
4
0%
2
6
8
10
12
2008
G7 average peaks at 4.6% post financial crisis
2009
UK stays stubbornly high. 3.1 points above G7 average in July 2009
2010
2011
Higher commodity and energy prices in 2011 raise inflation across the G7, with the UK highest of all from Mar 2010 to Jan 2012
2012
2013
Dec 2012 to Feb 2014, UK records highest CPI in the G7
2014
2015
2014 and 2016, UK inflation remains in line with G7 average
2016
2017
After the Brexit vote, UK inflation rises in 2017. Prices for imported goods rise at faster rates
2018
2019
UK leaves EU
2020
Covid pandemic hits global economy, disrupting supply and demand for some goods and services
2021
Russia's invasion of Ukraine causes energy and food prices to soar
2022
2023
UK inflation climbs to 3.5 points higher than the G7 average
4
-2
0%
2
6
8
10
12