Carflation 2022

Last year, we took a look at which vehicles had seen the biggest increases in prices over the last decade and were hit by Carflation the hardest.

Now, we’ve refreshed the ranking to see how car prices have changed between 2012 and 2022 and which vehicles have changed in value the most in the last twelve months.

We’ve also looked back over the last three years, to see how the value of some of the first-ever electric vehicles in the UK look today and how much they have changed.

If these rapidly increasing price tags mean that buying a new car seems an unrealistic option for you, be sure to look into your options regarding car finance

Cost of driving for self-employed workers

For those who drive as part of their jobs, such as self employed taxi drivers, Uber drivers and delivery drivers, then the increasing cost of buying and running a car is even more significant.

When your car is being used for long hours each day, then it’s more likely to need repairs and ultimately will need to be replaced more frequently and you’ll obviously spend more money on fuel too.

However, if you’re self-employed, you can still claim back expenses. For example, you can claim back costs such as your car insurance, repairs and servicing, fuel, parking, and more.

However you cannot claim back any expenses on driving that is not related to the business, any time spent driving from home to work, or any fines that you pick up while working.

Visit GOV.UK for more information on claiming back vehicle expenses when you’re self-employed.

Vehicles with the most significant ten-year price increases

Rank Car 2012 price Price as a % of median salary (2012) 2022 price Price as a % of median salary (2022) Price increase

Vehicles with the most significant one-year price increases

Rank Car 2021 price 2022 price Price increase

Electric vehicles with the most significant price increases

Rank Car 2019 price Price as a % of median salary (2019) 2022 price Price as a % of median salary (2022) Price increase

How have other driving costs changed?




2012 price - £1.42

2022 price - £1.62




2012 price - £1.48

2022 price - £1.76




2012 price - £0.14

2022 price - £0.22

When it comes to fuel, there’s been a steady increase in the costs of both unleaded and diesel, with diesel increasing slightly more.

In 2012 there was just six pence difference between a litre off unleaded and diesel, at £1.42 and £1.48.

Now, unleaded has risen by 14% to £1.62, while diesel has is now £1.76, an increase of 19%.

The price of oil has risen around the world in the last decade, which has consequently raised the price of fuel, with prices being further inflated by the COVID pandemic and the Russian invasion of Ukraine.

The cost of electricity has increased by an even greater amount, there has been a 56% rise in the average price per kwh in the past decade, increasing from 14p to 22p. However, electricity is still far cheaper than petrol and diesel.

Road tax

Comparing the cost of road tax between 2012 and 2022 is slightly more complicated as the methods used to calculate the rates have changed over the years.

However, we can see that in almost all cases, the cost has gone up, and in some cases quite significantly.

While in 2012, those with a vehicle emitting less than 131g/km were exempt from a registration fee, they now have to pay up to £230, with the government cracking down high polluting vehicles.

At the very top end of the scale, some drivers have to pay £1,550 more to register a car than they would have done ten years ago.

CO2 emissions 2021 price 2022 price Difference

Diesel cars (TC49) that meet the RDE2 standard and petrol cars (TC48)

All other Diesel cars (TC49)

Alternative fuel cars (TC59)


2022 vehicle prices were sourced from each manufacturer’s website and refer to the list price as of May 23 2022.

2021 vehicle prices were sourced from each manufacturer’s website and refer to the list price as of April 12 2021.

2012 and 2019 prices were sourced using the Wayback Machine by the Internet Archive, which shows archived versions of websites.

This allowed us to ‘go back’ to these years and find the list prices of those same vehicles. For each vehicle, we analysed the cheapest available model. Note that while prices may have changed throughout 2011, we took the prices from as close to May 23 2011 as possible.

Unfortunately, archived versions of sites for some brands such as Land Rover and Mini were unavailable, so these had to be omitted.

Median salary figures were sourced from the Office for National Statistics Annual Survey of Hours and Earnings.

Fuel costs were sourced from the Department for Business, Energy & Industrial Strategy’s monthly and annual prices of road fuels and petroleum products, taking the prices of premium unleaded and DERV for April 2012 and April 2022.

Road tax costs were sourced from GOV.UK’s vehicle tax rates (using Wayback Machine to source the 2012 rates).

Because the bands used to calculate the rates differ between the two years, we chose a number of specific emissions levels and compared the rates between 2012 and 2021 for each.