RPI inflation, 2018 to July 2026
£1.00 in 2018 is £1.49 today
That £1.00 bought 0.27 pints of lager in 2018. Today it buys 0.19.
Prices up 49%4.8% a year on averageMultiply by 1.49
What £1.00 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 | 2018 | Today |
|---|---|---|
| pints of lager£3.64 then, about £5.17 today | 0.27 | 0.19 |
| first-class stampsoutran inflation67p then, £1.80 today | 1.5 | 0.56 |
| litres of unleadedlagged inflation£1.25 then, about £1.47 today | 0.80 | 0.68 |
| kg of bananaslagged inflation93p then, about £1.09 today | 1.1 | 0.92 |
| dozen eggslagged inflation£1.96 then, about £2.38 today | 0.51 | 0.42 |
| packs of 20 cigarettesoutran inflation£10.23 then, about £17.76 today | 0.10 | 0.06 |
| kg of rump steaklagged inflation£15.72 then, about £20.21 today | 0.06 | 0.05 |
| pints of bitter£3.06 then, about £4.07 today | 0.33 | 0.25 |
| pints of milk44p then, about 70p today | 2.3 | 1.4 |
| boxes of tea bags£2.00 then, about £2.83 today | 0.50 | 0.35 |
| sliced white loaves£1.06 then, about £1.50 today | 0.94 | 0.67 |
| kg of roasting chicken£2.82 then, about £4.04 today | 0.35 | 0.25 |
| nips of whisky£2.87 then, about £4.17 today | 0.35 | 0.24 |
| Same money, adjusted for inflation | £1.00 | £1.49 |
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
£214,163 → £278,784
Up 1.3×, against 1.5× for prices generally
Average pay
£27,040 → £39,260
A year's average earnings, up 1.5×
Years of pay for a house
7.9 → 7.1
Average house price divided by average annual pay
If it had tracked wages
£1.45
What £1.00 in 2018 would be today if it had grown with pay rather than prices