£100 in 1753 → £14,023.53 in 2003

UK Inflation Calculator

£

UK Inflation Rate, £100 in 1753 to 2003

According to the Office for National Statistics composite price index, prices in 2003 are 13,923.53% higher than prices in 1753. The pound experienced an average inflation rate of 2.00% per year during this period.

In other words, £100 in 1753 is equivalent in purchasing power to £14,023.53 in 2003, a difference of £13,923.53 over 250 years.

The 1753 inflation rate was -1.92%. The inflation rate in 2003 was 2.89%. The 2003 inflation rate is lower compared to the average inflation rate of 2.90% per year between 2003 and 2018.


Inflation from 1753 to 2003
Cumulative price change 13923.53%
Average inflation rate 2.00%
Converted amount (£100 base) £14,023.53
Price difference (£100 base) £13,923.53
CPI in 1753 5.1
CPI in 2003 715.2
Inflation in 1753 -1.92%
Inflation in 2003 2.89%


UK inflation chart from 1988 to 2017. Based on the UK Consumer Price Index.


Buying power of £100 since 1753

This chart shows calculations of buying power equivalence over time for £100 in 1753 (price index tracking began in 1750).

According to the Office for National Statistics, each of these GBP amounts below is equal in terms of what it could buy at the time:

Year GBP Value Inflation Rate
1753 £100.00 -1.92%
1754 £103.92 3.92%
1755 £98.04 -5.66%
1756 £101.96 4.00%
1757 £123.53 21.15%
1758 £123.53 0.00%
1759 £113.73 -7.94%
1760 £109.80 -3.45%
1761 £103.92 -5.36%
1762 £107.84 3.77%
1763 £111.76 3.64%
1764 £121.57 8.77%
1765 £125.49 3.23%
1766 £127.45 1.56%
1767 £133.33 4.62%
1768 £131.37 -1.47%
1769 £121.57 -7.46%
1770 £121.57 0.00%
1771 £131.37 8.06%
1772 £145.10 10.45%
1773 £145.10 0.00%
1774 £147.06 1.35%
1775 £137.25 -6.67%
1776 £135.29 -1.43%
1777 £135.29 0.00%
1778 £139.22 2.90%
1779 £127.45 -8.45%
1780 £123.53 -3.08%
1781 £129.41 4.76%
1782 £131.37 1.52%
1783 £147.06 11.94%
1784 £149.02 1.33%
1785 £141.18 -5.26%
1786 £141.18 0.00%
1787 £141.18 0.00%
1788 £147.06 4.17%
1789 £145.10 -1.33%
1790 £147.06 1.35%
1791 £147.06 0.00%
1792 £149.02 1.33%
1793 £152.94 2.63%
1794 £166.67 8.97%
1795 £184.31 10.59%
1796 £196.08 6.38%
1797 £176.47 -10.00%
1798 £172.55 -2.22%
1799 £194.12 12.50%
1800 £264.71 36.36%
1801 £296.08 11.85%
1802 £227.45 -23.18%
1803 £215.69 -5.17%
1804 £221.57 2.73%
1805 £256.86 15.93%
1806 £247.06 -3.82%
1807 £241.18 -2.38%
1808 £250.98 4.07%
1809 £274.51 9.37%
1810 £282.35 2.86%
1811 £274.51 -2.78%
1812 £311.76 13.57%
1813 £319.61 2.52%
1814 £278.43 -12.88%
1815 £249.02 -10.56%
1816 £227.45 -8.66%
1817 £258.82 13.79%
1818 £258.82 0.00%
1819 £252.94 -2.27%
1820 £229.41 -9.30%
1821 £201.96 -11.97%
1822 £174.51 -13.59%
1823 £186.27 6.74%
1824 £201.96 8.42%
1825 £237.25 17.48%
1826 £223.53 -5.79%
1827 £209.80 -6.14%
1828 £203.92 -2.80%
1829 £201.96 -0.96%
1830 £194.12 -3.88%
1831 £213.73 10.10%
1832 £198.04 -7.34%
1833 £186.27 -5.94%
1834 £170.59 -8.42%
1835 £174.51 2.30%
1836 £194.12 11.24%
1837 £198.04 2.02%
1838 £200.00 0.99%
1839 £213.73 6.86%
1840 £217.65 1.83%
1841 £213.73 -1.80%
1842 £196.08 -8.26%
1843 £174.51 -11.00%
1844 £174.51 0.00%
1845 £182.35 4.49%
1846 £190.20 4.30%
1847 £213.73 12.37%
1848 £186.27 -12.84%
1849 £174.51 -6.32%
1850 £164.71 -5.62%
1851 £158.82 -3.57%
1852 £158.82 0.00%
1853 £174.51 9.88%
1854 £200.00 14.61%
1855 £205.88 2.94%
1856 £205.88 0.00%
1857 £196.08 -4.76%
1858 £178.43 -9.00%
1859 £176.47 -1.10%
1860 £182.35 3.33%
1861 £186.27 2.15%
1862 £182.35 -2.11%
1863 £176.47 -3.23%
1864 £174.51 -1.11%
1865 £176.47 1.12%
1866 £186.27 5.56%
1867 £198.04 6.32%
1868 £196.08 -0.99%
1869 £186.27 -5.00%
1870 £186.27 0.00%
1871 £188.24 1.05%
1872 £196.08 4.17%
1873 £203.92 4.00%
1874 £196.08 -3.85%
1875 £192.16 -2.00%
1876 £192.16 0.00%
1877 £190.20 -1.02%
1878 £186.27 -2.06%
1879 £178.43 -4.21%
1880 £184.31 3.30%
1881 £182.35 -1.06%
1882 £184.31 1.08%
1883 £182.35 -1.06%
1884 £178.43 -2.15%
1885 £172.55 -3.30%
1886 £170.59 -1.14%
1887 £168.63 -1.15%
1888 £170.59 1.16%
1889 £172.55 1.15%
1890 £172.55 0.00%
1891 £174.51 1.14%
1892 £174.51 0.00%
1893 £172.55 -1.12%
1894 £170.59 -1.14%
1895 £168.63 -1.15%
1896 £166.67 -1.16%
1897 £170.59 2.35%
1898 £170.59 0.00%
1899 £172.55 1.15%
1900 £180.39 4.55%
1901 £180.39 0.00%
1902 £180.39 0.00%
1903 £182.35 1.09%
1904 £182.35 0.00%
1905 £182.35 0.00%
1906 £182.35 0.00%
1907 £184.31 1.08%
1908 £184.31 0.00%
1909 £186.27 1.06%
1910 £188.24 1.05%
1911 £188.24 0.00%
1912 £194.12 3.13%
1913 £192.16 -1.01%
1914 £192.16 0.00%
1915 £215.69 12.24%
1916 £254.90 18.18%
1917 £319.61 25.38%
1918 £390.20 22.09%
1919 £429.41 10.05%
1920 £496.08 15.53%
1921 £452.94 -8.70%
1922 £390.20 -13.85%
1923 £366.67 -6.03%
1924 £364.71 -0.53%
1925 £364.71 0.00%
1926 £362.75 -0.54%
1927 £352.94 -2.70%
1928 £352.94 0.00%
1929 £349.02 -1.11%
1930 £339.22 -2.81%
1931 £325.49 -4.05%
1932 £317.65 -2.41%
1933 £309.80 -2.47%
1934 £309.80 0.00%
1935 £311.76 0.63%
1936 £313.73 0.63%
1937 £325.49 3.75%
1938 £329.41 1.20%
1939 £339.22 2.98%
1940 £396.08 16.76%
1941 £439.22 10.89%
1942 £470.59 7.14%
1943 £486.27 3.33%
1944 £500.00 2.82%
1945 £513.73 2.75%
1946 £529.41 3.05%
1947 £566.67 7.04%
1948 £609.80 7.61%
1949 £627.45 2.89%
1950 £647.06 3.13%
1951 £705.88 9.09%
1952 £770.59 9.17%
1953 £794.12 3.05%
1954 £809.80 1.98%
1955 £845.10 4.36%
1956 £888.24 5.10%
1957 £919.61 3.53%
1958 £949.02 3.20%
1959 £952.94 0.41%
1960 £962.75 1.03%
1961 £996.08 3.46%
1962 £1,039.22 4.33%
1963 £1,058.82 1.89%
1964 £1,094.12 3.33%
1965 £1,145.10 4.66%
1966 £1,190.20 3.94%
1967 £1,221.57 2.64%
1968 £1,278.43 4.65%
1969 £1,347.06 5.37%
1970 £1,433.33 6.40%
1971 £1,568.63 9.44%
1972 £1,680.39 7.13%
1973 £1,833.33 9.10%
1974 £2,127.45 16.04%
1975 £2,643.14 24.24%
1976 £3,080.39 16.54%
1977 £3,568.63 15.85%
1978 £3,864.71 8.30%
1979 £4,382.35 13.39%
1980 £5,170.59 17.99%
1981 £5,784.31 11.87%
1982 £6,282.35 8.61%
1983 £6,570.59 4.59%
1984 £6,898.04 4.98%
1985 £7,317.65 6.08%
1986 £7,566.67 3.40%
1987 £7,882.35 4.17%
1988 £8,268.63 4.90%
1989 £8,911.76 7.78%
1990 £9,754.90 9.46%
1991 £10,327.45 5.87%
1992 £10,713.73 3.74%
1993 £10,884.31 1.59%
1994 £11,147.06 2.41%
1995 £11,533.33 3.47%
1996 £11,811.76 2.41%
1997 £12,182.35 3.14%
1998 £12,600.00 3.43%
1999 £12,794.12 1.54%
2000 £13,172.55 2.96%
2001 £13,405.88 1.77%
2002 £13,629.41 1.67%
2003 £14,023.53 2.89%
2004 £14,441.18 2.98%
2005 £14,849.02 2.82%
2006 £15,323.53 3.20%
2007 £15,980.39 4.29%
2008 £16,617.65 3.99%
2009 £16,529.41 -0.53%
2010 £17,292.16 4.61%
2011 £18,192.16 5.20%
2012 £18,776.47 3.21%
2013 £19,347.06 3.04%
2014 £19,803.92 2.36%
2015 £20,000.00 0.99%
2016 £20,340.00 1.70%
2017 £21,071.18 3.59%
2018 £21,534.74 2.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for £100, 1753 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003CPI in 1753
×
1753 GBP value
=
2003 GBP value

Then plug in historical CPI values. The UK CPI was 5.1 in the year 1753 and 715.2 in 2003:

715.25.1
×
£100
=
£14,023.53

£100 in 1753 has the same "purchasing power" or "buying power" as £14,023.53 in 2003.

To get the total inflation rate for the 250 years between 1753 and 2003, we use the following formula:

CPI in 2003 - CPI in 1753CPI in 1753
×
100
=
Cumulative inflation rate (250 years)

Plugging in the values to this equation, we get:

715.2 - 5.15.1
×
100
=
13,924%

Data Source & Citation

Raw data for these calculations comes from 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.

You may use the following MLA citation for this page: “1753 pounds in 2003 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Sep. 2018, https://www.officialdata.org/1753-GBP-in-2003.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation.