£1 in 1795 → £0.94 in 1798

UK Inflation Calculator

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UK Inflation Rate, £1 in 1795 to 1798

According to the Office for National Statistics composite price index, prices in 1798 are 6.38% lower than average prices throughout 1795. The pound experienced an average deflation rate of -2.17% per year during this period, meaning the real value of a dollar increased.

In other words, £1 in 1795 is equivalent in purchasing power to about £0.94 in 1798, a difference of £-0.06 over 3 years.

The 1795 inflation rate was 10.59%. The inflation rate in 1798 was -2.22%. The 1798 inflation rate is lower compared to the average inflation rate of 2.22% per year between 1798 and 2019.


Inflation from 1795 to 1798
Cumulative price change -6.38%
Average inflation rate -2.17%
Converted amount (£1 base) £0.94
Price difference (£1 base) £-0.06
CPI in 1795 9.400
CPI in 1798 8.800
Inflation in 1795 10.59%
Inflation in 1798 -2.22%


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


Buying power of £1 in 1795

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1795 (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
1795 £1.00 10.59%
1796 £1.06 6.38%
1797 £0.96 -10.00%
1798 £0.94 -2.22%
1799 £1.05 12.50%
1800 £1.44 36.36%
1801 £1.61 11.85%
1802 £1.23 -23.18%
1803 £1.17 -5.17%
1804 £1.20 2.73%
1805 £1.39 15.93%
1806 £1.34 -3.82%
1807 £1.31 -2.38%
1808 £1.36 4.07%
1809 £1.49 9.37%
1810 £1.53 2.86%
1811 £1.49 -2.78%
1812 £1.69 13.57%
1813 £1.73 2.52%
1814 £1.51 -12.88%
1815 £1.35 -10.56%
1816 £1.23 -8.66%
1817 £1.40 13.79%
1818 £1.40 0.00%
1819 £1.37 -2.27%
1820 £1.24 -9.30%
1821 £1.10 -11.97%
1822 £0.95 -13.59%
1823 £1.01 6.74%
1824 £1.10 8.42%
1825 £1.29 17.48%
1826 £1.21 -5.79%
1827 £1.14 -6.14%
1828 £1.11 -2.80%
1829 £1.10 -0.96%
1830 £1.05 -3.88%
1831 £1.16 10.10%
1832 £1.07 -7.34%
1833 £1.01 -5.94%
1834 £0.93 -8.42%
1835 £0.95 2.30%
1836 £1.05 11.24%
1837 £1.07 2.02%
1838 £1.09 0.99%
1839 £1.16 6.86%
1840 £1.18 1.83%
1841 £1.16 -1.80%
1842 £1.06 -8.26%
1843 £0.95 -11.00%
1844 £0.95 0.00%
1845 £0.99 4.49%
1846 £1.03 4.30%
1847 £1.16 12.37%
1848 £1.01 -12.84%
1849 £0.95 -6.32%
1850 £0.89 -5.62%
1851 £0.86 -3.57%
1852 £0.86 0.00%
1853 £0.95 9.88%
1854 £1.09 14.61%
1855 £1.12 2.94%
1856 £1.12 0.00%
1857 £1.06 -4.76%
1858 £0.97 -9.00%
1859 £0.96 -1.10%
1860 £0.99 3.33%
1861 £1.01 2.15%
1862 £0.99 -2.11%
1863 £0.96 -3.23%
1864 £0.95 -1.11%
1865 £0.96 1.12%
1866 £1.01 5.56%
1867 £1.07 6.32%
1868 £1.06 -0.99%
1869 £1.01 -5.00%
1870 £1.01 0.00%
1871 £1.02 1.05%
1872 £1.06 4.17%
1873 £1.11 4.00%
1874 £1.06 -3.85%
1875 £1.04 -2.00%
1876 £1.04 0.00%
1877 £1.03 -1.02%
1878 £1.01 -2.06%
1879 £0.97 -4.21%
1880 £1.00 3.30%
1881 £0.99 -1.06%
1882 £1.00 1.08%
1883 £0.99 -1.06%
1884 £0.97 -2.15%
1885 £0.94 -3.30%
1886 £0.93 -1.14%
1887 £0.91 -1.15%
1888 £0.93 1.16%
1889 £0.94 1.15%
1890 £0.94 0.00%
1891 £0.95 1.14%
1892 £0.95 0.00%
1893 £0.94 -1.12%
1894 £0.93 -1.14%
1895 £0.91 -1.15%
1896 £0.90 -1.16%
1897 £0.93 2.35%
1898 £0.93 0.00%
1899 £0.94 1.15%
1900 £0.98 4.55%
1901 £0.98 0.00%
1902 £0.98 0.00%
1903 £0.99 1.09%
1904 £0.99 0.00%
1905 £0.99 0.00%
1906 £0.99 0.00%
1907 £1.00 1.08%
1908 £1.00 0.00%
1909 £1.01 1.06%
1910 £1.02 1.05%
1911 £1.02 0.00%
1912 £1.05 3.13%
1913 £1.04 -1.01%
1914 £1.04 0.00%
1915 £1.17 12.24%
1916 £1.38 18.18%
1917 £1.73 25.38%
1918 £2.12 22.09%
1919 £2.33 10.05%
1920 £2.69 15.53%
1921 £2.46 -8.70%
1922 £2.12 -13.85%
1923 £1.99 -6.03%
1924 £1.98 -0.53%
1925 £1.98 0.00%
1926 £1.97 -0.54%
1927 £1.91 -2.70%
1928 £1.91 0.00%
1929 £1.89 -1.11%
1930 £1.84 -2.81%
1931 £1.77 -4.05%
1932 £1.72 -2.41%
1933 £1.68 -2.47%
1934 £1.68 0.00%
1935 £1.69 0.63%
1936 £1.70 0.63%
1937 £1.77 3.75%
1938 £1.79 1.20%
1939 £1.84 2.98%
1940 £2.15 16.76%
1941 £2.38 10.89%
1942 £2.55 7.14%
1943 £2.64 3.33%
1944 £2.71 2.82%
1945 £2.79 2.75%
1946 £2.87 3.05%
1947 £3.07 7.04%
1948 £3.31 7.61%
1949 £3.40 2.89%
1950 £3.51 3.13%
1951 £3.83 9.09%
1952 £4.18 9.17%
1953 £4.31 3.05%
1954 £4.39 1.98%
1955 £4.59 4.36%
1956 £4.82 5.10%
1957 £4.99 3.53%
1958 £5.15 3.20%
1959 £5.17 0.41%
1960 £5.22 1.03%
1961 £5.40 3.46%
1962 £5.64 4.33%
1963 £5.74 1.89%
1964 £5.94 3.33%
1965 £6.21 4.66%
1966 £6.46 3.94%
1967 £6.63 2.64%
1968 £6.94 4.65%
1969 £7.31 5.37%
1970 £7.78 6.40%
1971 £8.51 9.44%
1972 £9.12 7.13%
1973 £9.95 9.10%
1974 £11.54 16.04%
1975 £14.34 24.24%
1976 £16.71 16.54%
1977 £19.36 15.85%
1978 £20.97 8.30%
1979 £23.78 13.39%
1980 £28.05 17.99%
1981 £31.38 11.87%
1982 £34.09 8.61%
1983 £35.65 4.59%
1984 £37.43 4.98%
1985 £39.70 6.08%
1986 £41.05 3.40%
1987 £42.77 4.17%
1988 £44.86 4.90%
1989 £48.35 7.78%
1990 £52.93 9.46%
1991 £56.03 5.87%
1992 £58.13 3.74%
1993 £59.05 1.59%
1994 £60.48 2.41%
1995 £62.57 3.47%
1996 £64.09 2.41%
1997 £66.10 3.14%
1998 £68.36 3.43%
1999 £69.41 1.54%
2000 £71.47 2.96%
2001 £72.73 1.77%
2002 £73.95 1.67%
2003 £76.09 2.89%
2004 £78.35 2.98%
2005 £80.56 2.82%
2006 £83.14 3.20%
2007 £86.70 4.29%
2008 £90.16 3.99%
2009 £89.68 -0.53%
2010 £93.82 4.61%
2011 £98.70 5.20%
2012 £101.87 3.21%
2013 £104.97 3.04%
2014 £107.45 2.36%
2015 £108.51 0.99%
2016 £110.39 1.74%
2017 £114.35 3.58%
2018 £117.19 2.48%
2019 £119.30 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, 1795 to 1798

This inflation calculator uses the following inflation rate formula:

CPI in 1798CPI in 1795
×
1795 GBP value
=
1798 GBP value

Then plug in historical CPI values. The UK CPI was 9.4 in the year 1795 and 8.8 in 1798:

8.89.4
×
£1
=
£0.94

£1 in 1795 has the same "purchasing power" or "buying power" as £0.94 in 1798.

To get the total inflation rate for the 3 years between 1795 and 1798, we use the following formula:

CPI in 1798 - CPI in 1795CPI in 1795
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

8.8 - 9.49.4
×
100
=
-6%

News headlines from 1795

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

  • The British capture Cape town.
  • The United States establishes its southern border after signing the Pinckney's Treaty between Spain and US. This treaty also gave America the right to navigate the Mississippi River
  • End of oligarchy in Amsterdam after a democratic revolution.

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 1795 → 1798 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2019, https://www.officialdata.org/1795-GBP-in-1798?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


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