£5 in 1849 → £618.87 in 2018

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£5 in 1849 → £618.87 in 2018

👉 You may be interested in £5 in 1849 → 2019

UK Inflation Rate, £5 in 1849 to 2018

According to the Office for National Statistics composite price index, prices in 2018 are 12,277.45% higher than average prices throughout 1849. The pound experienced an average inflation rate of 2.89% per year during this period, meaning the real value of a dollar decreased.

In other words, £5 in 1849 is equivalent in purchasing power to about £618.87 in 2018, a difference of £613.87 over 169 years.

The 1849 inflation rate was -6.32%. The inflation rate in 2018 was 2.48%. The 2018 inflation rate is higher compared to the average inflation rate of 1.80% per year between 2018 and 2019.


Inflation from 1849 to 2018
Cumulative price change 12,277.45%
Average inflation rate 2.89%
Converted amount (£5 base) £618.87
Price difference (£5 base) £613.87
CPI in 1849 8.900
CPI in 2018 1,101.593
Inflation in 1849 -6.32%
Inflation in 2018 2.48%

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


Buying power of £5 in 1849

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £5 in 1849 (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
1849 £5.00 -6.32%
1850 £4.72 -5.62%
1851 £4.55 -3.57%
1852 £4.55 0.00%
1853 £5.00 9.88%
1854 £5.73 14.61%
1855 £5.90 2.94%
1856 £5.90 0.00%
1857 £5.62 -4.76%
1858 £5.11 -9.00%
1859 £5.06 -1.10%
1860 £5.22 3.33%
1861 £5.34 2.15%
1862 £5.22 -2.11%
1863 £5.06 -3.23%
1864 £5.00 -1.11%
1865 £5.06 1.12%
1866 £5.34 5.56%
1867 £5.67 6.32%
1868 £5.62 -0.99%
1869 £5.34 -5.00%
1870 £5.34 0.00%
1871 £5.39 1.05%
1872 £5.62 4.17%
1873 £5.84 4.00%
1874 £5.62 -3.85%
1875 £5.51 -2.00%
1876 £5.51 0.00%
1877 £5.45 -1.02%
1878 £5.34 -2.06%
1879 £5.11 -4.21%
1880 £5.28 3.30%
1881 £5.22 -1.06%
1882 £5.28 1.08%
1883 £5.22 -1.06%
1884 £5.11 -2.15%
1885 £4.94 -3.30%
1886 £4.89 -1.14%
1887 £4.83 -1.15%
1888 £4.89 1.16%
1889 £4.94 1.15%
1890 £4.94 0.00%
1891 £5.00 1.14%
1892 £5.00 0.00%
1893 £4.94 -1.12%
1894 £4.89 -1.14%
1895 £4.83 -1.15%
1896 £4.78 -1.16%
1897 £4.89 2.35%
1898 £4.89 0.00%
1899 £4.94 1.15%
1900 £5.17 4.55%
1901 £5.17 0.00%
1902 £5.17 0.00%
1903 £5.22 1.09%
1904 £5.22 0.00%
1905 £5.22 0.00%
1906 £5.22 0.00%
1907 £5.28 1.08%
1908 £5.28 0.00%
1909 £5.34 1.06%
1910 £5.39 1.05%
1911 £5.39 0.00%
1912 £5.56 3.13%
1913 £5.51 -1.01%
1914 £5.51 0.00%
1915 £6.18 12.24%
1916 £7.30 18.18%
1917 £9.16 25.38%
1918 £11.18 22.09%
1919 £12.30 10.05%
1920 £14.21 15.53%
1921 £12.98 -8.70%
1922 £11.18 -13.85%
1923 £10.51 -6.03%
1924 £10.45 -0.53%
1925 £10.45 0.00%
1926 £10.39 -0.54%
1927 £10.11 -2.70%
1928 £10.11 0.00%
1929 £10.00 -1.11%
1930 £9.72 -2.81%
1931 £9.33 -4.05%
1932 £9.10 -2.41%
1933 £8.88 -2.47%
1934 £8.88 0.00%
1935 £8.93 0.63%
1936 £8.99 0.63%
1937 £9.33 3.75%
1938 £9.44 1.20%
1939 £9.72 2.98%
1940 £11.35 16.76%
1941 £12.58 10.89%
1942 £13.48 7.14%
1943 £13.93 3.33%
1944 £14.33 2.82%
1945 £14.72 2.75%
1946 £15.17 3.05%
1947 £16.24 7.04%
1948 £17.47 7.61%
1949 £17.98 2.89%
1950 £18.54 3.13%
1951 £20.22 9.09%
1952 £22.08 9.17%
1953 £22.75 3.05%
1954 £23.20 1.98%
1955 £24.21 4.36%
1956 £25.45 5.10%
1957 £26.35 3.53%
1958 £27.19 3.20%
1959 £27.30 0.41%
1960 £27.58 1.03%
1961 £28.54 3.46%
1962 £29.78 4.33%
1963 £30.34 1.89%
1964 £31.35 3.33%
1965 £32.81 4.66%
1966 £34.10 3.94%
1967 £35.00 2.64%
1968 £36.63 4.65%
1969 £38.60 5.37%
1970 £41.07 6.40%
1971 £44.94 9.44%
1972 £48.15 7.13%
1973 £52.53 9.10%
1974 £60.96 16.04%
1975 £75.73 24.24%
1976 £88.26 16.54%
1977 £102.25 15.85%
1978 £110.73 8.30%
1979 £125.56 13.39%
1980 £148.15 17.99%
1981 £165.73 11.87%
1982 £180.00 8.61%
1983 £188.26 4.59%
1984 £197.64 4.98%
1985 £209.66 6.08%
1986 £216.80 3.40%
1987 £225.84 4.17%
1988 £236.91 4.90%
1989 £255.34 7.78%
1990 £279.49 9.46%
1991 £295.90 5.87%
1992 £306.97 3.74%
1993 £311.85 1.59%
1994 £319.38 2.41%
1995 £330.45 3.47%
1996 £338.43 2.41%
1997 £349.04 3.14%
1998 £361.01 3.43%
1999 £366.57 1.54%
2000 £377.42 2.96%
2001 £384.10 1.77%
2002 £390.51 1.67%
2003 £401.80 2.89%
2004 £413.76 2.98%
2005 £425.45 2.82%
2006 £439.04 3.20%
2007 £457.87 4.29%
2008 £476.12 3.99%
2009 £473.60 -0.53%
2010 £495.45 4.61%
2011 £521.24 5.20%
2012 £537.98 3.21%
2013 £554.33 3.04%
2014 £567.42 2.36%
2015 £573.03 0.99%
2016 £582.98 1.74%
2017 £603.88 3.58%
2018 £618.87 2.48%
2019 £630.01 1.80%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 163 more rows

How to Calculate Inflation Rate for £5, 1849 to 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1849
×
1849 GBP value
=
2018 GBP value

Then plug in historical CPI values. The UK CPI was 8.9 in the year 1849 and 1101.59335 in 2018:

1101.593358.9
×
£5
=
£618.87

£5 in 1849 has the same "purchasing power" or "buying power" as £618.87 in 2018.

To get the total inflation rate for the 169 years between 1849 and 2018, we use the following formula:

CPI in 2018 - CPI in 1849CPI in 1849
×
100
=
Cumulative inflation rate (169 years)

Plugging in the values to this equation, we get:

1101.59335 - 8.98.9
×
100
=
12,277%

News headlines from 1849

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

  • Russian writer Fyodor Dostoevsky's execution is cancelled at the last moment.
  • Elisabeth Blackwell is the first woman in the United States to earn a medical degree.
  • First photograph of a US president is taken in New York, when Matthew Bady photographed President James Knox Polk

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: “£5 in 1849 → 2018 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jun. 2019, https://www.officialdata.org/1849-GBP-in-2018?amount=5.

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.

Inflation from 1849 to 2018
Cumulative price change 12,277.45%
Average inflation rate 2.89%
Converted amount (£5 base) £618.87
Price difference (£5 base) £613.87
CPI in 1849 8.900
CPI in 2018 1,101.593
Inflation in 1849 -6.32%
Inflation in 2018 2.48%