£1 in 1815 → £1.04 in 1817

UK Inflation Calculator

£

UK Inflation Rate, £1 in 1815 to 1817

According to the Office for National Statistics composite price index, prices in 1817 are 3.94% higher than average prices throughout 1815. The pound experienced an average inflation rate of 1.95% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1815 is equivalent in purchasing power to about £1.04 in 1817, a difference of £0.04 over 2 years.

The 1815 inflation rate was -10.56%. The inflation rate in 1817 was 13.79%. The 1817 inflation rate is higher compared to the average inflation rate of 2.22% per year between 1817 and 2019.


Inflation from 1815 to 1817
Cumulative price change 3.94%
Average inflation rate 1.95%
Converted amount (£1 base) £1.04
Price difference (£1 base) £0.04
CPI in 1815 12.700
CPI in 1817 13.200
Inflation in 1815 -10.56%
Inflation in 1817 13.79%


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


Buying power of £1 in 1815

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1815 (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
1815 £1.00 -10.56%
1816 £0.91 -8.66%
1817 £1.04 13.79%
1818 £1.04 0.00%
1819 £1.02 -2.27%
1820 £0.92 -9.30%
1821 £0.81 -11.97%
1822 £0.70 -13.59%
1823 £0.75 6.74%
1824 £0.81 8.42%
1825 £0.95 17.48%
1826 £0.90 -5.79%
1827 £0.84 -6.14%
1828 £0.82 -2.80%
1829 £0.81 -0.96%
1830 £0.78 -3.88%
1831 £0.86 10.10%
1832 £0.80 -7.34%
1833 £0.75 -5.94%
1834 £0.69 -8.42%
1835 £0.70 2.30%
1836 £0.78 11.24%
1837 £0.80 2.02%
1838 £0.80 0.99%
1839 £0.86 6.86%
1840 £0.87 1.83%
1841 £0.86 -1.80%
1842 £0.79 -8.26%
1843 £0.70 -11.00%
1844 £0.70 0.00%
1845 £0.73 4.49%
1846 £0.76 4.30%
1847 £0.86 12.37%
1848 £0.75 -12.84%
1849 £0.70 -6.32%
1850 £0.66 -5.62%
1851 £0.64 -3.57%
1852 £0.64 0.00%
1853 £0.70 9.88%
1854 £0.80 14.61%
1855 £0.83 2.94%
1856 £0.83 0.00%
1857 £0.79 -4.76%
1858 £0.72 -9.00%
1859 £0.71 -1.10%
1860 £0.73 3.33%
1861 £0.75 2.15%
1862 £0.73 -2.11%
1863 £0.71 -3.23%
1864 £0.70 -1.11%
1865 £0.71 1.12%
1866 £0.75 5.56%
1867 £0.80 6.32%
1868 £0.79 -0.99%
1869 £0.75 -5.00%
1870 £0.75 0.00%
1871 £0.76 1.05%
1872 £0.79 4.17%
1873 £0.82 4.00%
1874 £0.79 -3.85%
1875 £0.77 -2.00%
1876 £0.77 0.00%
1877 £0.76 -1.02%
1878 £0.75 -2.06%
1879 £0.72 -4.21%
1880 £0.74 3.30%
1881 £0.73 -1.06%
1882 £0.74 1.08%
1883 £0.73 -1.06%
1884 £0.72 -2.15%
1885 £0.69 -3.30%
1886 £0.69 -1.14%
1887 £0.68 -1.15%
1888 £0.69 1.16%
1889 £0.69 1.15%
1890 £0.69 0.00%
1891 £0.70 1.14%
1892 £0.70 0.00%
1893 £0.69 -1.12%
1894 £0.69 -1.14%
1895 £0.68 -1.15%
1896 £0.67 -1.16%
1897 £0.69 2.35%
1898 £0.69 0.00%
1899 £0.69 1.15%
1900 £0.72 4.55%
1901 £0.72 0.00%
1902 £0.72 0.00%
1903 £0.73 1.09%
1904 £0.73 0.00%
1905 £0.73 0.00%
1906 £0.73 0.00%
1907 £0.74 1.08%
1908 £0.74 0.00%
1909 £0.75 1.06%
1910 £0.76 1.05%
1911 £0.76 0.00%
1912 £0.78 3.13%
1913 £0.77 -1.01%
1914 £0.77 0.00%
1915 £0.87 12.24%
1916 £1.02 18.18%
1917 £1.28 25.38%
1918 £1.57 22.09%
1919 £1.72 10.05%
1920 £1.99 15.53%
1921 £1.82 -8.70%
1922 £1.57 -13.85%
1923 £1.47 -6.03%
1924 £1.46 -0.53%
1925 £1.46 0.00%
1926 £1.46 -0.54%
1927 £1.42 -2.70%
1928 £1.42 0.00%
1929 £1.40 -1.11%
1930 £1.36 -2.81%
1931 £1.31 -4.05%
1932 £1.28 -2.41%
1933 £1.24 -2.47%
1934 £1.24 0.00%
1935 £1.25 0.63%
1936 £1.26 0.63%
1937 £1.31 3.75%
1938 £1.32 1.20%
1939 £1.36 2.98%
1940 £1.59 16.76%
1941 £1.76 10.89%
1942 £1.89 7.14%
1943 £1.95 3.33%
1944 £2.01 2.82%
1945 £2.06 2.75%
1946 £2.13 3.05%
1947 £2.28 7.04%
1948 £2.45 7.61%
1949 £2.52 2.89%
1950 £2.60 3.13%
1951 £2.83 9.09%
1952 £3.09 9.17%
1953 £3.19 3.05%
1954 £3.25 1.98%
1955 £3.39 4.36%
1956 £3.57 5.10%
1957 £3.69 3.53%
1958 £3.81 3.20%
1959 £3.83 0.41%
1960 £3.87 1.03%
1961 £4.00 3.46%
1962 £4.17 4.33%
1963 £4.25 1.89%
1964 £4.39 3.33%
1965 £4.60 4.66%
1966 £4.78 3.94%
1967 £4.91 2.64%
1968 £5.13 4.65%
1969 £5.41 5.37%
1970 £5.76 6.40%
1971 £6.30 9.44%
1972 £6.75 7.13%
1973 £7.36 9.10%
1974 £8.54 16.04%
1975 £10.61 24.24%
1976 £12.37 16.54%
1977 £14.33 15.85%
1978 £15.52 8.30%
1979 £17.60 13.39%
1980 £20.76 17.99%
1981 £23.23 11.87%
1982 £25.23 8.61%
1983 £26.39 4.59%
1984 £27.70 4.98%
1985 £29.39 6.08%
1986 £30.39 3.40%
1987 £31.65 4.17%
1988 £33.20 4.90%
1989 £35.79 7.78%
1990 £39.17 9.46%
1991 £41.47 5.87%
1992 £43.02 3.74%
1993 £43.71 1.59%
1994 £44.76 2.41%
1995 £46.31 3.47%
1996 £47.43 2.41%
1997 £48.92 3.14%
1998 £50.60 3.43%
1999 £51.38 1.54%
2000 £52.90 2.96%
2001 £53.83 1.77%
2002 £54.73 1.67%
2003 £56.31 2.89%
2004 £57.99 2.98%
2005 £59.63 2.82%
2006 £61.54 3.20%
2007 £64.17 4.29%
2008 £66.73 3.99%
2009 £66.38 -0.53%
2010 £69.44 4.61%
2011 £73.06 5.20%
2012 £75.40 3.21%
2013 £77.69 3.04%
2014 £79.53 2.36%
2015 £80.31 0.99%
2016 £81.71 1.74%
2017 £84.64 3.58%
2018 £86.74 2.48%
2019 £88.30 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, 1815 to 1817

This inflation calculator uses the following inflation rate formula:

CPI in 1817CPI in 1815
×
1815 GBP value
=
1817 GBP value

Then plug in historical CPI values. The UK CPI was 12.7 in the year 1815 and 13.2 in 1817:

13.212.7
×
£1
=
£1.04

£1 in 1815 has the same "purchasing power" or "buying power" as £1.04 in 1817.

To get the total inflation rate for the 2 years between 1815 and 1817, we use the following formula:

CPI in 1817 - CPI in 1815CPI in 1815
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

13.2 - 12.712.7
×
100
=
4%

News headlines from 1815

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

  • Napoleon leaves Elba in order to reconnect with his supporters in France.
  • Napoleon returns to Paris and begins his 100-day rule until his defeat in the Battle of Waterloo.
  • The Holy Alliance is signed by Russia, Prussia and Austria
  • Napoleon Bonaparte arrives on the island of Saint Hellena to begin his exile

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 1815 → 1817 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2019, https://www.officialdata.org/1815-GBP-in-1817?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.