£100 in 1768 → £10,992.54 in 2004

UK Inflation Calculator

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UK Inflation Rate, 1768-2004 (£100)

According to the Office for National Statistics composite price index, the pound experienced an average inflation rate of 2.01% per year. Prices in 2004 are 10892.5% higher than prices in 1768.

In other words, £100 in the year 1768 is equivalent in purchasing power to £10,992.54 in 2004, a difference of £10,892.54 over 236 years.

The inflation rate in 2004 was 2.98%.

Inflation from 1768 to 2004
Cumulative price change 10892.54%
Average inflation rate 2.01%
Price difference (£100 base) £10,892.54
CPI in 1768 6.7
CPI in 2004 736.5


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


How to calculate the inflation rate for £100, 1768 to 2004

Start with the inflation rate formula:

CPI in 2004 / CPI in 1768 * 1768 GBP value = 2004 GBP value

Then plug in historical CPI values. The UK CPI was 6.7 in the year 1768 and 736.5 in 2004:

736.5 / 6.7 * £100 = £10,992.54

£100 in 1768 has the same "purchasing power" as £10,992.54 in 2004.


Inflation Data Source

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: “1768 pounds in 2004 | UK Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Feb. 2018, http://www.in2013dollars.com/1768-GBP-in-2004.


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