£1 in 1770 → £1.19 in 1773

UK Inflation Calculator

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£1 in 1770 → £1.19 in 1773

UK Inflation Rate, £1 in 1770 to 1773

According to the Office for National Statistics composite price index, prices in 1773 are 19.35% higher than average prices throughout 1770. The pound experienced an average inflation rate of 6.08% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1770 is equivalent in purchasing power to about £1.19 in 1773, a difference of £0.19 over 3 years.

The 1770 inflation rate was 0.00%. The inflation rate in 1773 was 0.00%. The 1773 inflation rate is lower compared to the average inflation rate of 2.06% per year between 1773 and 2019.


Inflation from 1770 to 1773
Cumulative price change 19.35%
Average inflation rate 6.08%
Converted amount (£1 base) £1.19
Price difference (£1 base) £0.19
CPI in 1770 6.200
CPI in 1773 7.400
Inflation in 1770 0.00%
Inflation in 1773 0.00%

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


Buying power of £1 in 1770

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1770 (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 Pound Value Inflation Rate
1770 £1.00 -
1771 £1.08 8.06%
1772 £1.19 10.45%
1773 £1.19 0.00%
1774 £1.21 1.35%
1775 £1.13 -6.67%
1776 £1.11 -1.43%
1777 £1.11 0.00%
1778 £1.15 2.90%
1779 £1.05 -8.45%
1780 £1.02 -3.08%
1781 £1.06 4.76%
1782 £1.08 1.52%
1783 £1.21 11.94%
1784 £1.23 1.33%
1785 £1.16 -5.26%
1786 £1.16 0.00%
1787 £1.16 0.00%
1788 £1.21 4.17%
1789 £1.19 -1.33%
1790 £1.21 1.35%
1791 £1.21 0.00%
1792 £1.23 1.33%
1793 £1.26 2.63%
1794 £1.37 8.97%
1795 £1.52 10.59%
1796 £1.61 6.38%
1797 £1.45 -10.00%
1798 £1.42 -2.22%
1799 £1.60 12.50%
1800 £2.18 36.36%
1801 £2.44 11.85%
1802 £1.87 -23.18%
1803 £1.77 -5.17%
1804 £1.82 2.73%
1805 £2.11 15.93%
1806 £2.03 -3.82%
1807 £1.98 -2.38%
1808 £2.06 4.07%
1809 £2.26 9.37%
1810 £2.32 2.86%
1811 £2.26 -2.78%
1812 £2.56 13.57%
1813 £2.63 2.52%
1814 £2.29 -12.88%
1815 £2.05 -10.56%
1816 £1.87 -8.66%
1817 £2.13 13.79%
1818 £2.13 0.00%
1819 £2.08 -2.27%
1820 £1.89 -9.30%
1821 £1.66 -11.97%
1822 £1.44 -13.59%
1823 £1.53 6.74%
1824 £1.66 8.42%
1825 £1.95 17.48%
1826 £1.84 -5.79%
1827 £1.73 -6.14%
1828 £1.68 -2.80%
1829 £1.66 -0.96%
1830 £1.60 -3.88%
1831 £1.76 10.10%
1832 £1.63 -7.34%
1833 £1.53 -5.94%
1834 £1.40 -8.42%
1835 £1.44 2.30%
1836 £1.60 11.24%
1837 £1.63 2.02%
1838 £1.65 0.99%
1839 £1.76 6.86%
1840 £1.79 1.83%
1841 £1.76 -1.80%
1842 £1.61 -8.26%
1843 £1.44 -11.00%
1844 £1.44 0.00%
1845 £1.50 4.49%
1846 £1.56 4.30%
1847 £1.76 12.37%
1848 £1.53 -12.84%
1849 £1.44 -6.32%
1850 £1.35 -5.62%
1851 £1.31 -3.57%
1852 £1.31 0.00%
1853 £1.44 9.88%
1854 £1.65 14.61%
1855 £1.69 2.94%
1856 £1.69 0.00%
1857 £1.61 -4.76%
1858 £1.47 -9.00%
1859 £1.45 -1.10%
1860 £1.50 3.33%
1861 £1.53 2.15%
1862 £1.50 -2.11%
1863 £1.45 -3.23%
1864 £1.44 -1.11%
1865 £1.45 1.12%
1866 £1.53 5.56%
1867 £1.63 6.32%
1868 £1.61 -0.99%
1869 £1.53 -5.00%
1870 £1.53 0.00%
1871 £1.55 1.05%
1872 £1.61 4.17%
1873 £1.68 4.00%
1874 £1.61 -3.85%
1875 £1.58 -2.00%
1876 £1.58 0.00%
1877 £1.56 -1.02%
1878 £1.53 -2.06%
1879 £1.47 -4.21%
1880 £1.52 3.30%
1881 £1.50 -1.06%
1882 £1.52 1.08%
1883 £1.50 -1.06%
1884 £1.47 -2.15%
1885 £1.42 -3.30%
1886 £1.40 -1.14%
1887 £1.39 -1.15%
1888 £1.40 1.16%
1889 £1.42 1.15%
1890 £1.42 0.00%
1891 £1.44 1.14%
1892 £1.44 0.00%
1893 £1.42 -1.12%
1894 £1.40 -1.14%
1895 £1.39 -1.15%
1896 £1.37 -1.16%
1897 £1.40 2.35%
1898 £1.40 0.00%
1899 £1.42 1.15%
1900 £1.48 4.55%
1901 £1.48 0.00%
1902 £1.48 0.00%
1903 £1.50 1.09%
1904 £1.50 0.00%
1905 £1.50 0.00%
1906 £1.50 0.00%
1907 £1.52 1.08%
1908 £1.52 0.00%
1909 £1.53 1.06%
1910 £1.55 1.05%
1911 £1.55 0.00%
1912 £1.60 3.13%
1913 £1.58 -1.01%
1914 £1.58 0.00%
1915 £1.77 12.24%
1916 £2.10 18.18%
1917 £2.63 25.38%
1918 £3.21 22.09%
1919 £3.53 10.05%
1920 £4.08 15.53%
1921 £3.73 -8.70%
1922 £3.21 -13.85%
1923 £3.02 -6.03%
1924 £3.00 -0.53%
1925 £3.00 0.00%
1926 £2.98 -0.54%
1927 £2.90 -2.70%
1928 £2.90 0.00%
1929 £2.87 -1.11%
1930 £2.79 -2.81%
1931 £2.68 -4.05%
1932 £2.61 -2.41%
1933 £2.55 -2.47%
1934 £2.55 0.00%
1935 £2.56 0.63%
1936 £2.58 0.63%
1937 £2.68 3.75%
1938 £2.71 1.20%
1939 £2.79 2.98%
1940 £3.26 16.76%
1941 £3.61 10.89%
1942 £3.87 7.14%
1943 £4.00 3.33%
1944 £4.11 2.82%
1945 £4.23 2.75%
1946 £4.35 3.05%
1947 £4.66 7.04%
1948 £5.02 7.61%
1949 £5.16 2.89%
1950 £5.32 3.13%
1951 £5.81 9.09%
1952 £6.34 9.17%
1953 £6.53 3.05%
1954 £6.66 1.98%
1955 £6.95 4.36%
1956 £7.31 5.10%
1957 £7.56 3.53%
1958 £7.81 3.20%
1959 £7.84 0.41%
1960 £7.92 1.03%
1961 £8.19 3.46%
1962 £8.55 4.33%
1963 £8.71 1.89%
1964 £9.00 3.33%
1965 £9.42 4.66%
1966 £9.79 3.94%
1967 £10.05 2.64%
1968 £10.52 4.65%
1969 £11.08 5.37%
1970 £11.79 6.40%
1971 £12.90 9.44%
1972 £13.82 7.13%
1973 £15.08 9.10%
1974 £17.50 16.04%
1975 £21.74 24.24%
1976 £25.34 16.54%
1977 £29.35 15.85%
1978 £31.79 8.30%
1979 £36.05 13.39%
1980 £42.53 17.99%
1981 £47.58 11.87%
1982 £51.68 8.61%
1983 £54.05 4.59%
1984 £56.74 4.98%
1985 £60.19 6.08%
1986 £62.24 3.40%
1987 £64.84 4.17%
1988 £68.02 4.90%
1989 £73.31 7.78%
1990 £80.24 9.46%
1991 £84.95 5.87%
1992 £88.13 3.74%
1993 £89.53 1.59%
1994 £91.69 2.41%
1995 £94.87 3.47%
1996 £97.16 2.41%
1997 £100.21 3.14%
1998 £103.65 3.43%
1999 £105.24 1.54%
2000 £108.35 2.96%
2001 £110.27 1.77%
2002 £112.11 1.67%
2003 £115.35 2.89%
2004 £118.79 2.98%
2005 £122.15 2.82%
2006 £126.05 3.20%
2007 £131.45 4.29%
2008 £136.69 3.99%
2009 £135.97 -0.53%
2010 £142.24 4.61%
2011 £149.65 5.20%
2012 £154.45 3.21%
2013 £159.15 3.04%
2014 £162.90 2.36%
2015 £164.52 0.99%
2016 £167.37 1.74%
2017 £173.37 3.58%
2018 £177.68 2.48%
2019 £180.87 1.80%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for £1, 1770 to 1773

This inflation calculator uses the following inflation rate formula:

CPI in 1773CPI in 1770
×
1770 GBP value
=
1773 GBP value

Then plug in historical CPI values. The UK CPI was 6.2 in the year 1770 and 7.4 in 1773:

7.46.2
×
£1
=
£1.19

£1 in 1770 has the same "purchasing power" or "buying power" as £1.19 in 1773.

To get the total inflation rate for the 3 years between 1770 and 1773, we use the following formula:

CPI in 1773 - CPI in 1770CPI in 1770
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

7.4 - 6.26.2
×
100
=
19%

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: “£1 in 1770 → 1773 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Sep. 2019, https://www.officialdata.org/1770-GBP-in-1773?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.

Inflation from 1770 to 1773
Cumulative price change 19.35%
Average inflation rate 6.08%
Converted amount (£1 base) £1.19
Price difference (£1 base) £0.19
CPI in 1770 6.200
CPI in 1773 7.400
Inflation in 1770 0.00%
Inflation in 1773 0.00%
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