According to the Office for National Statistics, the pound experienced an average inflation rate of 1.99% per year. Prices in 2004 are 14630.0% higher than prices in 1751.
In other words, £100 in the year 1751 is equivalent to £14,730.00 in 2004, a difference of £14,630.00 over 253 years.
The inflation rate in 2004 was 2.98%.
|Cumulative price change||14630.00%|
|Average inflation rate||1.99%|
|Price difference (£100 base)||£14,630.00|
|CPI in 1751||5|
|CPI in 2004||736.5|
Inflation Data Source: This calculator uses the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast.