According to the Office for National Statistics, the pound experienced an average inflation rate of 2.66% per year. Prices in 2017 are 11870.2% higher than prices in 1835.

In other words, £1 in the year 1835 is equivalent to £119.70 in 2017, a difference of £118.70 over 182 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.

Cumulative price change | 11870.20% |

Average inflation rate | 2.66% |

Price difference (£1 base) | £118.70 |

CPI in 1835 | 8.9 |

CPI in 2017 | 1065.34818 |

CPI in 2017 / CPI in 1835 * 1835 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 8.9 in the year 1835 and 1065.34818 in 2017:

1065.34818 / 8.9 * £1 =

£1 in 1835 has the same "purchasing power" as £119.70 in 2017.

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

- Richard Lawrence fails in the first documented presidential assassination attempt after he misfired at President Andrew Jackson
- National debt of the United States is officially zero: the only time that it has been that way in history.
- Signing of the New Echota Treaty, followed by the conceding of all the Cherokee Indian lands east of the Mississippi River to the US

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 1835 → 2017 | UK Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1835-GBP-in-2017?amount=1.