# £1 in 1780 → £170.58 in 2017

## UK Inflation Calculator

£
👉 You may be interested in £1 in 1780 → 2018

### UK Inflation Rate, £1 in 1780 to 2017

According to the Office for National Statistics composite price index, the pound experienced an average inflation rate of 2.19% per year. Prices in 2017 are 16,957.62% higher than prices in 1780.

In other words, £1 in 1780 is equivalent in purchasing power to £170.58 in 2017, a difference of £169.58 over 237 years.

The inflation rate in 2017 was 3.59%.

 Cumulative price change 16957.62% Average inflation rate 2.19% Converted amount (£1 base) £170.58 Price difference (£1 base) £169.58 CPI in 1780 6.3 CPI in 2017 1074.63

### How to calculate the inflation rate for £1, 1780 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1780 * 1780 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 6.3 in the year 1780 and 1074.63 in 2017:

1074.63 / 6.3 * £1 = £170.58

£1 in 1780 has the same "purchasing power" or "buying power" as £170.58 in 2017.

### Buying power of £1 since 1780

This chart shows calculations of buying power equivalence over time for £1 in 1780 (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
1780 £1.00 -3.08%
1781 £1.05 4.76%
1782 £1.06 1.52%
1783 £1.19 11.94%
1784 £1.21 1.33%
1785 £1.14 -5.26%
1786 £1.14 0.00%
1787 £1.14 0.00%
1788 £1.19 4.17%
1789 £1.17 -1.33%
1790 £1.19 1.35%
1791 £1.19 0.00%
1792 £1.21 1.33%
1793 £1.24 2.63%
1794 £1.35 8.97%
1795 £1.49 10.59%
1796 £1.59 6.38%
1797 £1.43 -10.00%
1798 £1.40 -2.22%
1799 £1.57 12.50%
1800 £2.14 36.36%
1801 £2.40 11.85%
1802 £1.84 -23.18%
1803 £1.75 -5.17%
1804 £1.79 2.73%
1805 £2.08 15.93%
1806 £2.00 -3.82%
1807 £1.95 -2.38%
1808 £2.03 4.07%
1809 £2.22 9.37%
1810 £2.29 2.86%
1811 £2.22 -2.78%
1812 £2.52 13.57%
1813 £2.59 2.52%
1814 £2.25 -12.88%
1815 £2.02 -10.56%
1816 £1.84 -8.66%
1817 £2.10 13.79%
1818 £2.10 0.00%
1819 £2.05 -2.27%
1820 £1.86 -9.30%
1821 £1.63 -11.97%
1822 £1.41 -13.59%
1823 £1.51 6.74%
1824 £1.63 8.42%
1825 £1.92 17.48%
1826 £1.81 -5.79%
1827 £1.70 -6.14%
1828 £1.65 -2.80%
1829 £1.63 -0.96%
1830 £1.57 -3.88%
1831 £1.73 10.10%
1832 £1.60 -7.34%
1833 £1.51 -5.94%
1834 £1.38 -8.42%
1835 £1.41 2.30%
1836 £1.57 11.24%
1837 £1.60 2.02%
1838 £1.62 0.99%
1839 £1.73 6.86%
1840 £1.76 1.83%
1841 £1.73 -1.80%
1842 £1.59 -8.26%
1843 £1.41 -11.00%
1844 £1.41 0.00%
1845 £1.48 4.49%
1846 £1.54 4.30%
1847 £1.73 12.37%
1848 £1.51 -12.84%
1849 £1.41 -6.32%
1850 £1.33 -5.62%
1851 £1.29 -3.57%
1852 £1.29 0.00%
1853 £1.41 9.88%
1854 £1.62 14.61%
1855 £1.67 2.94%
1856 £1.67 0.00%
1857 £1.59 -4.76%
1858 £1.44 -9.00%
1859 £1.43 -1.10%
1860 £1.48 3.33%
1861 £1.51 2.15%
1862 £1.48 -2.11%
1863 £1.43 -3.23%
1864 £1.41 -1.11%
1865 £1.43 1.12%
1866 £1.51 5.56%
1867 £1.60 6.32%
1868 £1.59 -0.99%
1869 £1.51 -5.00%
1870 £1.51 0.00%
1871 £1.52 1.05%
1872 £1.59 4.17%
1873 £1.65 4.00%
1874 £1.59 -3.85%
1875 £1.56 -2.00%
1876 £1.56 0.00%
1877 £1.54 -1.02%
1878 £1.51 -2.06%
1879 £1.44 -4.21%
1880 £1.49 3.30%
1881 £1.48 -1.06%
1882 £1.49 1.08%
1883 £1.48 -1.06%
1884 £1.44 -2.15%
1885 £1.40 -3.30%
1886 £1.38 -1.14%
1887 £1.37 -1.15%
1888 £1.38 1.16%
1889 £1.40 1.15%
1890 £1.40 0.00%
1891 £1.41 1.14%
1892 £1.41 0.00%
1893 £1.40 -1.12%
1894 £1.38 -1.14%
1895 £1.37 -1.15%
1896 £1.35 -1.16%
1897 £1.38 2.35%
1898 £1.38 0.00%
1899 £1.40 1.15%
1900 £1.46 4.55%
1901 £1.46 0.00%
1902 £1.46 0.00%
1903 £1.48 1.09%
1904 £1.48 0.00%
1905 £1.48 0.00%
1906 £1.48 0.00%
1907 £1.49 1.08%
1908 £1.49 0.00%
1909 £1.51 1.06%
1910 £1.52 1.05%
1911 £1.52 0.00%
1912 £1.57 3.13%
1913 £1.56 -1.01%
1914 £1.56 0.00%
1915 £1.75 12.24%
1916 £2.06 18.18%
1917 £2.59 25.38%
1918 £3.16 22.09%
1919 £3.48 10.05%
1920 £4.02 15.53%
1921 £3.67 -8.70%
1922 £3.16 -13.85%
1923 £2.97 -6.03%
1924 £2.95 -0.53%
1925 £2.95 0.00%
1926 £2.94 -0.54%
1927 £2.86 -2.70%
1928 £2.86 0.00%
1929 £2.83 -1.11%
1930 £2.75 -2.81%
1931 £2.63 -4.05%
1932 £2.57 -2.41%
1933 £2.51 -2.47%
1934 £2.51 0.00%
1935 £2.52 0.63%
1936 £2.54 0.63%
1937 £2.63 3.75%
1938 £2.67 1.20%
1939 £2.75 2.98%
1940 £3.21 16.76%
1941 £3.56 10.89%
1942 £3.81 7.14%
1943 £3.94 3.33%
1944 £4.05 2.82%
1945 £4.16 2.75%
1946 £4.29 3.05%
1947 £4.59 7.04%
1948 £4.94 7.61%
1949 £5.08 2.89%
1950 £5.24 3.13%
1951 £5.71 9.09%
1952 £6.24 9.17%
1953 £6.43 3.05%
1954 £6.56 1.98%
1955 £6.84 4.36%
1956 £7.19 5.10%
1957 £7.44 3.53%
1958 £7.68 3.20%
1959 £7.71 0.41%
1960 £7.79 1.03%
1961 £8.06 3.46%
1962 £8.41 4.33%
1963 £8.57 1.89%
1964 £8.86 3.33%
1965 £9.27 4.66%
1966 £9.63 3.94%
1967 £9.89 2.64%
1968 £10.35 4.65%
1969 £10.90 5.37%
1970 £11.60 6.40%
1971 £12.70 9.44%
1972 £13.60 7.13%
1973 £14.84 9.10%
1974 £17.22 16.04%
1975 £21.40 24.24%
1976 £24.94 16.54%
1977 £28.89 15.85%
1978 £31.29 8.30%
1979 £35.48 13.39%
1980 £41.86 17.99%
1981 £46.83 11.87%
1982 £50.86 8.61%
1983 £53.19 4.59%
1984 £55.84 4.98%
1985 £59.24 6.08%
1986 £61.25 3.40%
1987 £63.81 4.17%
1988 £66.94 4.90%
1989 £72.14 7.78%
1990 £78.97 9.46%
1991 £83.60 5.87%
1992 £86.73 3.74%
1993 £88.11 1.59%
1994 £90.24 2.41%
1995 £93.37 3.47%
1996 £95.62 2.41%
1997 £98.62 3.14%
1998 £102.00 3.43%
1999 £103.57 1.54%
2000 £106.63 2.96%
2001 £108.52 1.77%
2002 £110.33 1.67%
2003 £113.52 2.89%
2004 £116.90 2.98%
2005 £120.21 2.82%
2006 £124.05 3.20%
2007 £129.37 4.29%
2008 £134.52 3.99%
2009 £133.81 -0.53%
2010 £139.98 4.61%
2011 £147.27 5.20%
2012 £152.00 3.21%
2013 £156.62 3.04%
2014 £160.32 2.36%
2015 £161.90 0.99%
2016 £164.66 1.70%
2017 £170.58 3.59%*
* Not final. See inflation summary for latest details.

### News headlines from 1780

Politics and news often influence economic performance. Here's what was happening at the time:

• The Danish national anthem, Kong Christian, is sung for the first time.
• Pennsylvania abolishes slavery, for new born children.
• British Gazette and Sunday Monitor become the first British Sunday newspaper
• 1781 William Hershel, discovers Uranus, he originally thought it was a comet.
• Forty-four Spanish speaking mestizos found the city of Los Angeles in the Bay of Smokes (Bahia de las Fumas)
• General Cornwallis surrenders at Yorktown,,ending the United States Revolutionary War.

### 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 1780 → 2017 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Jul. 2018, https://www.officialdata.org/1780-GBP-in-2017?amount=1.

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