£1 in 1815 → £83.89 in 2017

UK Inflation Calculator

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UK Inflation Rate, 1815-2017 (£1)

According to the Office for National Statistics, the pound experienced an average inflation rate of 2.22% per year. Prices in 2017 are 8288.6% higher than prices in 1815.

In other words, £1 in the year 1815 is equivalent to £83.89 in 2017, a difference of £82.89 over 202 years.

The current inflation rate in 2017 is 2.70%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 1815 to 2017
Cumulative price change 8288.57%
Average inflation rate 2.22%
Price difference (£1 base) £82.89
CPI in 1815 12.7
CPI in 2017 1065.34818


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


How to calculate the inflation rate for £1 since 1815

Start with the inflation rate formula:

CPI in 2017 / CPI in 1815 * 1815 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 12.7 in the year 1815 and 1065.34818 in 2017:

1065.34818 / 12.7 * £1 = £83.89

£1 in 1815 has the same "purchasing power" as £83.89 in 2017.


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

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: “£1 in 1815 → 2017 | UK Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1815-GBP-in-2017?amount=1.


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