Thursday, April 14, 2022
UK interest rates by decade
range of
interest ratesvalue of £100
in savings
by end of decadeeffect on £100
due to inflation
by end of decade1960s 4% - 9% £181 £148 1970s 5% - 17% £265 £360 1980s 7% - 16% £313 £188 1990s 5% - 15% £201 £135 2000s 0.5% - 6% £147 £131 2010s 0.25% - 0.75% £105 £131 2020s 0.1% - 0.75%
Decades in which inflation outpaced interest rates: 1970s, 2010s, 2020s
Years when interest rates were above 10%: every year from 1973 to 1991
Years when interest rates were below 1%: every year since 2009
Months since interest rates were last above 1%: 158
Months that interest rates spent at 0.1%: 21
Change in interest rates last month: 0.5% → 0.75%
UK inflation by decade
range of
inflation ratesspending power
of £100
by end of decadereal growth
in wages
during decade1960s 0% - 9% £68 ? 1970s 5% - 27% £28 +3% 1980s 2% - 22% £53 +3% 1990s 1% - 11% £74 +1½% 2000s -2% - 4% £76 +1% 2010s 0% - 5% £76 0% 2020s 0% - 7%
Years when inflation was above 20%: 1975/76, 1980
Years when inflation was above 10%: 1971, 1973-1977, 1979-1982, 1990
Years when inflation was below 4%: every year since 1992 (except 2011)
Years when inflation was below 2%: every year since 2014 (except 2018 and 2022)
Years since inflation was last above 7%: 30
Change in inflation last month: 6.2% → 7%
...or read more in my monthly archives
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