The inflation rate for low-income households in the United Kingdom was noticeably higher than that of high-income ones between April 2022 and April 2023, during a serious cost of living crisis in the UK. Since April 2023, the inflation rate for these households has converged, ranging from 8.1 to 8.3 percent in the most recent month.
Inflation rate for the Consumer Price Index including owner occupiers' housing costs (CPIH) in the United Kingdom from January 2021 to September 2023, by household income
Characteristic
Low-income
Middle-income
High-income
Sep 23
8.2
8.1
8.3
Aug 23
8.3
8.2
8.3
Jul 23
8.2
8.2
8.3
Jun 23
9.9
9.6
9.4
May 23
10.4
10.2
9.9
Apr 23
10.5
10.2
10
Mar 23
13.1
12.1
11.3
Feb 23
13.4
12.5
11.6
Jan 23
12.9
12.1
11.1
Dec 22
13.2
12.3
11.4
Nov 22
13.4
12.5
11.4
Oct 22
13.5
12.6
11.5
Sep 22
12
11.4
10.8
Aug 22
11.6
11.1
10.4
Jul 22
11.7
11.2
10.6
Jun 22
10.9
10.5
10
May 22
10.4
10.1
9.7
Apr 22
10.2
9.9
9.5
Mar 22
7.1
7.4
7.6
Feb 22
6.4
6.5
6.7
Jan 22
5.7
5.8
6.1
Dec 21
5.5
5.6
5.9
Nov 21
5.2
5.3
5.6
Oct 21
4.3
4.4
4.7
Sep 21
2.8
3.1
3.5
Aug 21
2.8
3.1
3.6
Jul 21
1.9
2.1
2.5
Jun 21
2.1
2.1
2.1
May 21
1.7
1.7
1.6
Apr 21
1.2
1.1
0.8
Mar 21
0.1
0.1
0
Feb 21
0
-0.1
-0.3
Jan 21
0.2
0.1
0
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Office for National Statistics (UK). (December 4, 2023). Inflation rate for the Consumer Price Index including owner occupiers' housing costs (CPIH) in the United Kingdom from January 2021 to September 2023, by household income [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK). "Inflation rate for the Consumer Price Index including owner occupiers' housing costs (CPIH) in the United Kingdom from January 2021 to September 2023, by household income." Chart. December 4, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK). (2023). Inflation rate for the Consumer Price Index including owner occupiers' housing costs (CPIH) in the United Kingdom from January 2021 to September 2023, by household income. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK). "Inflation Rate for The Consumer Price Index including Owner Occupiers' Housing Costs (Cpih) in The United Kingdom from January 2021 to September 2023, by Household Income." Statista, Statista Inc., 4 Dec 2023, https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK), Inflation rate for the Consumer Price Index including owner occupiers' housing costs (CPIH) in the United Kingdom from January 2021 to September 2023, by household income Statista, https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/ (last visited July 22, 2024)
Inflation rate for the Consumer Price Index including owner occupiers' housing costs (CPIH) in the United Kingdom from January 2021 to September 2023, by household income [Graph], Office for National Statistics (UK), December 4, 2023. [Online]. Available: https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
