RPI inflation, 2014 to July 2026
£1,000 in 2014 is £1,637 today
That £1,000 bought 297 pints of lager in 2014. Today it buys 193.
Prices up 64%4.0% a year on averageMultiply by 1.64
What £1,000 buys
Official average shop prices, not a basket. Things marked as outrunning inflation got dearer faster than everything else; things that lagged got relatively cheaper.
| Item | 2014 | Today |
|---|---|---|
| pints of lager£3.37 then, about £5.17 today | 297 | 193 |
| first-class stampsoutran inflation60p then, £1.80 today | 1,667 | 556 |
| dozen eggslagged inflation£2.60 then, about £2.38 today | 385 | 421 |
| litres of unleadedlagged inflation£1.28 then, about £1.47 today | 781 | 682 |
| kg of roasting chickenlagged inflation£3.33 then, about £4.04 today | 300 | 247 |
| kg of rump steaklagged inflation£16.13 then, about £20.21 today | 62 | 49 |
| kg of bananaslagged inflation87p then, about £1.09 today | 1,149 | 917 |
| packs of 20 cigarettesoutran inflation£8.40 then, about £17.76 today | 119 | 56 |
| sliced white loaveslagged inflation£1.16 then, about £1.50 today | 862 | 668 |
| pints of bitterlagged inflation£2.94 then, about £4.07 today | 340 | 246 |
| boxes of tea bags£1.97 then, about £2.83 today | 508 | 354 |
| pints of milk46p then, about 70p today | 2,165 | 1,439 |
| nips of whisky£2.54 then, about £4.17 today | 394 | 240 |
| Same money, adjusted for inflation | £1,000 | £1,637 |
The ONS stopped publishing these average prices in January 2025. Today's figures are that last reading moved on with inflation, so treat them as close rather than exact.
Houses and wages
Inflation is one story. What people earned, and what a home cost, are the other two.
Average house
£185,620 → £278,784
Up 1.5×, against 1.6× for prices generally
Average pay
£24,492 → £39,260
A year's average earnings, up 1.6×
Years of pay for a house
7.6 → 7.1
Average house price divided by average annual pay
If it had tracked wages
£1,603
What £1,000 in 2014 would be today if it had grown with pay rather than prices