In the 12 months to October 2023the figure was 4.6%. That means things costing Â£1 in October 2022 cost almost Â£1.05 the same time the following year.
Our 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, rather than the more widely-reported measure called CPI. In October 2023 this was 4.7%.
If you can't see the calculator, click here.
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.