£1 in 1760 is worth £1.02 in 1763

Value of £1 from 1760 to 1763

£1 in 1760 is equivalent in purchasing power to about £1.02 in 1763, an increase of £0.02 over 3 years. The pound had an average inflation rate of 0.59% per year between 1760 and 1763, producing a cumulative price increase of 1.79%.

This means that prices in 1763 are 1.02 times as high as average prices since 1760, according to the Office for National Statistics composite price index.

The inflation rate in 1760 was -3.45%. The inflation rate in 1763 was 3.64%. The 1763 inflation rate is higher compared to the average inflation rate of 2.14% per year between 1763 and 2024.


Inflation from 1760 to 1763
Cumulative price change1.79%
Average inflation rate0.59%
Converted amount
£1 base
£1.02
Price difference
£1 base
£0.02
CPI in 17605.600
CPI in 17635.700
Inflation in 1760-3.45%
Inflation in 17633.64%
£1 in 1760£1.02 in 1763

Recent GBP inflation
Annual Rate, the Office for National Statistics CPI
Download

Buying power of £1 in 1760

This chart shows a calculation of buying power equivalence for £1 in 1760 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.02 over time, that means that the "real value" of a single U.K. pound decreases over time. In other words, a pound will pay for fewer items at the store.

This effect explains how inflation erodes the value of a pound over time. By calculating the value in 1760 dollars, the chart below shows how £1 is worth less over 3 years.

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:

Pound inflation: 1760-1763
YearPound ValueInflation Rate
1760£1.00-3.45%
1761£0.95-5.36%
1762£0.983.77%
1763£1.023.64%
1764£1.118.77%
1765£1.143.23%
1766£1.161.56%
1767£1.214.62%
1768£1.20-1.47%
1769£1.11-7.46%
1770£1.110.00%
1771£1.208.06%
1772£1.3210.45%
1773£1.320.00%
1774£1.341.35%
1775£1.25-6.67%
1776£1.23-1.43%
1777£1.230.00%
1778£1.272.90%
1779£1.16-8.45%
1780£1.13-3.08%
1781£1.184.76%
1782£1.201.52%
1783£1.3411.94%
1784£1.361.33%
1785£1.29-5.26%
1786£1.290.00%
1787£1.290.00%
1788£1.344.17%
1789£1.32-1.33%
1790£1.341.35%
1791£1.340.00%
1792£1.361.33%
1793£1.392.63%
1794£1.528.97%
1795£1.6810.59%
1796£1.796.38%
1797£1.61-10.00%
1798£1.57-2.22%
1799£1.7712.50%
1800£2.4136.36%
1801£2.7011.85%
1802£2.07-23.18%
1803£1.96-5.17%
1804£2.022.73%
1805£2.3415.93%
1806£2.25-3.82%
1807£2.20-2.38%
1808£2.294.07%
1809£2.509.37%
1810£2.572.86%
1811£2.50-2.78%
1812£2.8413.57%
1813£2.912.52%
1814£2.54-12.88%
1815£2.27-10.56%
1816£2.07-8.66%
1817£2.3613.79%
1818£2.360.00%
1819£2.30-2.27%
1820£2.09-9.30%
1821£1.84-11.97%
1822£1.59-13.59%
1823£1.706.74%
1824£1.848.42%
1825£2.1617.48%
1826£2.04-5.79%
1827£1.91-6.14%
1828£1.86-2.80%
1829£1.84-0.96%
1830£1.77-3.88%
1831£1.9510.10%
1832£1.80-7.34%
1833£1.70-5.94%
1834£1.55-8.42%
1835£1.592.30%
1836£1.7711.24%
1837£1.802.02%
1838£1.820.99%
1839£1.956.86%
1840£1.981.83%
1841£1.95-1.80%
1842£1.79-8.26%
1843£1.59-11.00%
1844£1.590.00%
1845£1.664.49%
1846£1.734.30%
1847£1.9512.37%
1848£1.70-12.84%
1849£1.59-6.32%
1850£1.50-5.62%
1851£1.45-3.57%
1852£1.450.00%
1853£1.599.88%
1854£1.8214.61%
1855£1.882.94%
1856£1.880.00%
1857£1.79-4.76%
1858£1.63-9.00%
1859£1.61-1.10%
1860£1.663.33%
1861£1.702.15%
1862£1.66-2.11%
1863£1.61-3.23%
1864£1.59-1.11%
1865£1.611.12%
1866£1.705.56%
1867£1.806.32%
1868£1.79-0.99%
1869£1.70-5.00%
1870£1.700.00%
1871£1.711.05%
1872£1.794.17%
1873£1.864.00%
1874£1.79-3.85%
1875£1.75-2.00%
1876£1.750.00%
1877£1.73-1.02%
1878£1.70-2.06%
1879£1.63-4.21%
1880£1.683.30%
1881£1.66-1.06%
1882£1.681.08%
1883£1.66-1.06%
1884£1.63-2.15%
1885£1.57-3.30%
1886£1.55-1.14%
1887£1.54-1.15%
1888£1.551.16%
1889£1.571.15%
1890£1.570.00%
1891£1.591.14%
1892£1.590.00%
1893£1.57-1.12%
1894£1.55-1.14%
1895£1.54-1.15%
1896£1.52-1.16%
1897£1.552.35%
1898£1.550.00%
1899£1.571.15%
1900£1.644.55%
1901£1.640.00%
1902£1.640.00%
1903£1.661.09%
1904£1.660.00%
1905£1.660.00%
1906£1.660.00%
1907£1.681.08%
1908£1.680.00%
1909£1.701.06%
1910£1.711.05%
1911£1.710.00%
1912£1.773.13%
1913£1.75-1.01%
1914£1.750.00%
1915£1.9612.24%
1916£2.3218.18%
1917£2.9125.38%
1918£3.5522.09%
1919£3.9110.05%
1920£4.5215.53%
1921£4.13-8.70%
1922£3.55-13.85%
1923£3.34-6.03%
1924£3.32-0.53%
1925£3.320.00%
1926£3.30-0.54%
1927£3.21-2.70%
1928£3.210.00%
1929£3.18-1.11%
1930£3.09-2.81%
1931£2.96-4.05%
1932£2.89-2.41%
1933£2.82-2.47%
1934£2.820.00%
1935£2.840.63%
1936£2.860.63%
1937£2.963.75%
1938£3.001.20%
1939£3.092.98%
1940£3.6116.76%
1941£4.0010.89%
1942£4.297.14%
1943£4.433.33%
1944£4.552.82%
1945£4.682.75%
1946£4.823.05%
1947£5.167.04%
1948£5.557.61%
1949£5.712.89%
1950£5.893.13%
1951£6.439.09%
1952£7.029.17%
1953£7.233.05%
1954£7.381.98%
1955£7.704.36%
1956£8.095.10%
1957£8.383.53%
1958£8.643.20%
1959£8.680.41%
1960£8.771.03%
1961£9.073.46%
1962£9.464.33%
1963£9.641.89%
1964£9.963.33%
1965£10.434.66%
1966£10.843.94%
1967£11.132.64%
1968£11.644.65%
1969£12.275.37%
1970£13.056.40%
1971£14.299.44%
1972£15.307.13%
1973£16.709.10%
1974£19.3816.04%
1975£24.0724.24%
1976£28.0516.54%
1977£32.5015.85%
1978£35.208.30%
1979£39.9113.39%
1980£47.0917.99%
1981£52.6811.87%
1982£57.218.61%
1983£59.844.59%
1984£62.824.98%
1985£66.646.08%
1986£68.913.40%
1987£71.794.17%
1988£75.304.90%
1989£81.167.78%
1990£88.849.46%
1991£94.055.87%
1992£97.573.74%
1993£99.131.59%
1994£101.522.41%
1995£105.043.47%
1996£107.572.41%
1997£110.953.14%
1998£114.753.43%
1999£116.521.54%
2000£119.962.96%
2001£122.091.77%
2002£124.131.67%
2003£127.712.89%
2004£131.522.98%
2005£135.232.82%
2006£139.553.20%
2007£145.544.29%
2008£151.343.99%
2009£150.54-0.53%
2010£157.484.61%
2011£165.685.20%
2012£171.003.21%
2013£176.203.04%
2014£180.362.36%
2015£182.140.99%
2016£185.301.74%
2017£191.953.58%
2018£197.132.70%
2019£202.062.50%
2020£205.691.80%
2021£210.822.49%
2022£227.477.90%
2023£243.567.07%
2024£253.063.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1760 amounts in 1763 pounds, based on the 1.79% change in prices:

Conversion: 1760 pounds in 1763
Initial valueEquivalent value
£1 pound in 1760£1.02 pounds in 1763
£5 pounds in 1760£5.09 pounds in 1763
£10 pounds in 1760£10.18 pounds in 1763
£50 pounds in 1760£50.89 pounds in 1763
£100 pounds in 1760£101.79 pounds in 1763
£500 pounds in 1760£508.93 pounds in 1763
£1,000 pounds in 1760£1,017.86 pounds in 1763
£5,000 pounds in 1760£5,089.29 pounds in 1763
£10,000 pounds in 1760£10,178.57 pounds in 1763
£50,000 pounds in 1760£50,892.86 pounds in 1763
£100,000 pounds in 1760£101,785.71 pounds in 1763
£500,000 pounds in 1760£508,928.57 pounds in 1763
£1,000,000 pounds in 1760£1,017,857.14 pounds in 1763

How to calculate inflation rate for £1, 1760 to 1763

Our calculations use the following inflation rate formula to calculate the change in value between 1760 and 1763:

CPI in 1763 CPI in 1760
×
1760 GBP value
=
1763 GBP value

Then plug in historical CPI values. The U.K. CPI was 5.6 in the year 1760 and 5.7 in 1763:

5.75.6
×
£1
=
£1.02

£1 in 1760 has the same "purchasing power" or "buying power" as £1.02 in 1763.

To get the total inflation rate for the 3 years between 1760 and 1763, we use the following formula:

CPI in 1763 - CPI in 1760CPI in 1760
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

5.7 - 5.65.6
×
100
=
2%

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 the current year, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page: “£1 in 1760 → 1763 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1760-GBP-in-1763?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1760 to 1763
Cumulative price change1.79%
Average inflation rate0.59%
Converted amount
£1 base
£1.02
Price difference
£1 base
£0.02
CPI in 17605.600
CPI in 17635.700
Inflation in 1760-3.45%
Inflation in 17633.64%
£1 in 1760£1.02 in 1763