Current Inflation Rate 2024 Uk Inflation Rate. Prices in the uk went up by 2.3% in the 12 months to october, which means inflation is back above the bank of england's target. The rate of inflation is the change in prices for goods and services over time.

This influences the rates that banks and building societies across the uk charge their customers for. Prices in the uk went up by 2.3% in the 12 months to october, which means inflation is back above the bank of england’s target.