Thursday, April 14, 2022
UK interest rates by decade
| | range of
interest rates | value of £100
in savings
by end of decade | effect on £100
due to inflation
by end of decade |
| 1960s | 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 rates | spending power
of £100
by end of decade | real growth
in wages
during decade |
| 1960s | 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%
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