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News: UK inflation rate calculator: How much are prices rising for you?

Every month there’s a new figure for inflation – it estimates how much prices are rising across all the goods and services in the economy.

In the 12 months to November 2022 the figure was 10.7%. That means things costing £1 in November 2021 cost more than £1.10 the same time the following year.

The BBC’s personal inflation calculator, built by the Office for National Statistics (ONS) in collaboration with the BBC, shows you what the inflation rate is for your household, and identifies the items in your household budget that have gone up the most in price over the past year.

Note: in the calculator, the ONS compares your personal inflation rate with CPIH, a measure of inflation that includes housing costs for those who own their home. Recently this has been slightly lower than the more widely-reported measure, called CPI, and in November 2022 it was 9.3%.

Image from BBC News