£1 in 1850 → £1.15 in 1846

UK Inflation Calculator

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£1 in 1850 → £1.15 in 1846

UK Inflation Rate, £1 in 1850 to 1846

According to the Office for National Statistics composite price index, prices in 1846 are 15.48% higher than average prices throughout 1850. The pound experienced an average deflation rate of -3.53% per year during this period, meaning the real value of a dollar increased.

In other words, £1 in 1850 is equivalent in purchasing power to about £1.15 in 1846, a difference of £0.15 over 4 years.

The 1846 inflation rate was 4.30%. The inflation rate in 1850 was -5.62%. The 1850 inflation rate is lower compared to the average inflation rate of 2.94% per year between 1850 and 2019.


Inflation from 1850 to 1846
Cumulative price change 15.48%
Average inflation rate -3.53%
Converted amount (£1 base) £1.15
Price difference (£1 base) £0.15
CPI in 1850 8.400
CPI in 1846 9.700
Inflation in 1846 4.30%
Inflation in 1850 -5.62%

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


Buying power of £1 in 1846

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1846 (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
1846 £1.00 4.30%
1847 £1.12 12.37%
1848 £0.98 -12.84%
1849 £0.92 -6.32%
1850 £0.87 -5.62%
1851 £0.84 -3.57%
1852 £0.84 0.00%
1853 £0.92 9.88%
1854 £1.05 14.61%
1855 £1.08 2.94%
1856 £1.08 0.00%
1857 £1.03 -4.76%
1858 £0.94 -9.00%
1859 £0.93 -1.10%
1860 £0.96 3.33%
1861 £0.98 2.15%
1862 £0.96 -2.11%
1863 £0.93 -3.23%
1864 £0.92 -1.11%
1865 £0.93 1.12%
1866 £0.98 5.56%
1867 £1.04 6.32%
1868 £1.03 -0.99%
1869 £0.98 -5.00%
1870 £0.98 0.00%
1871 £0.99 1.05%
1872 £1.03 4.17%
1873 £1.07 4.00%
1874 £1.03 -3.85%
1875 £1.01 -2.00%
1876 £1.01 0.00%
1877 £1.00 -1.02%
1878 £0.98 -2.06%
1879 £0.94 -4.21%
1880 £0.97 3.30%
1881 £0.96 -1.06%
1882 £0.97 1.08%
1883 £0.96 -1.06%
1884 £0.94 -2.15%
1885 £0.91 -3.30%
1886 £0.90 -1.14%
1887 £0.89 -1.15%
1888 £0.90 1.16%
1889 £0.91 1.15%
1890 £0.91 0.00%
1891 £0.92 1.14%
1892 £0.92 0.00%
1893 £0.91 -1.12%
1894 £0.90 -1.14%
1895 £0.89 -1.15%
1896 £0.88 -1.16%
1897 £0.90 2.35%
1898 £0.90 0.00%
1899 £0.91 1.15%
1900 £0.95 4.55%
1901 £0.95 0.00%
1902 £0.95 0.00%
1903 £0.96 1.09%
1904 £0.96 0.00%
1905 £0.96 0.00%
1906 £0.96 0.00%
1907 £0.97 1.08%
1908 £0.97 0.00%
1909 £0.98 1.06%
1910 £0.99 1.05%
1911 £0.99 0.00%
1912 £1.02 3.13%
1913 £1.01 -1.01%
1914 £1.01 0.00%
1915 £1.13 12.24%
1916 £1.34 18.18%
1917 £1.68 25.38%
1918 £2.05 22.09%
1919 £2.26 10.05%
1920 £2.61 15.53%
1921 £2.38 -8.70%
1922 £2.05 -13.85%
1923 £1.93 -6.03%
1924 £1.92 -0.53%
1925 £1.92 0.00%
1926 £1.91 -0.54%
1927 £1.86 -2.70%
1928 £1.86 0.00%
1929 £1.84 -1.11%
1930 £1.78 -2.81%
1931 £1.71 -4.05%
1932 £1.67 -2.41%
1933 £1.63 -2.47%
1934 £1.63 0.00%
1935 £1.64 0.63%
1936 £1.65 0.63%
1937 £1.71 3.75%
1938 £1.73 1.20%
1939 £1.78 2.98%
1940 £2.08 16.76%
1941 £2.31 10.89%
1942 £2.47 7.14%
1943 £2.56 3.33%
1944 £2.63 2.82%
1945 £2.70 2.75%
1946 £2.78 3.05%
1947 £2.98 7.04%
1948 £3.21 7.61%
1949 £3.30 2.89%
1950 £3.40 3.13%
1951 £3.71 9.09%
1952 £4.05 9.17%
1953 £4.18 3.05%
1954 £4.26 1.98%
1955 £4.44 4.36%
1956 £4.67 5.10%
1957 £4.84 3.53%
1958 £4.99 3.20%
1959 £5.01 0.41%
1960 £5.06 1.03%
1961 £5.24 3.46%
1962 £5.46 4.33%
1963 £5.57 1.89%
1964 £5.75 3.33%
1965 £6.02 4.66%
1966 £6.26 3.94%
1967 £6.42 2.64%
1968 £6.72 4.65%
1969 £7.08 5.37%
1970 £7.54 6.40%
1971 £8.25 9.44%
1972 £8.84 7.13%
1973 £9.64 9.10%
1974 £11.19 16.04%
1975 £13.90 24.24%
1976 £16.20 16.54%
1977 £18.76 15.85%
1978 £20.32 8.30%
1979 £23.04 13.39%
1980 £27.19 17.99%
1981 £30.41 11.87%
1982 £33.03 8.61%
1983 £34.55 4.59%
1984 £36.27 4.98%
1985 £38.47 6.08%
1986 £39.78 3.40%
1987 £41.44 4.17%
1988 £43.47 4.90%
1989 £46.86 7.78%
1990 £51.29 9.46%
1991 £54.30 5.87%
1992 £56.33 3.74%
1993 £57.23 1.59%
1994 £58.61 2.41%
1995 £60.64 3.47%
1996 £62.10 2.41%
1997 £64.05 3.14%
1998 £66.25 3.43%
1999 £67.27 1.54%
2000 £69.26 2.96%
2001 £70.48 1.77%
2002 £71.66 1.67%
2003 £73.73 2.89%
2004 £75.93 2.98%
2005 £78.07 2.82%
2006 £80.57 3.20%
2007 £84.02 4.29%
2008 £87.37 3.99%
2009 £86.91 -0.53%
2010 £90.92 4.61%
2011 £95.65 5.20%
2012 £98.72 3.21%
2013 £101.72 3.04%
2014 £104.12 2.36%
2015 £105.15 0.99%
2016 £106.98 1.74%
2017 £110.81 3.58%
2018 £113.57 2.48%
2019 £115.61 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, 1846 to 1850

This inflation calculator uses the following inflation rate formula:

CPI in 1846CPI in 1850
×
1850 GBP value
=
1846 GBP value

Then plug in historical CPI values. The UK CPI was 8.4 in the year 1850 and 9.7 in 1846:

9.78.4
×
£1
=
£1.15

£1 in 1850 has the same "purchasing power" or "buying power" as £1.15 in 1846.

To get the total inflation rate for the 4 years between 1846 and 1850, we use the following formula:

CPI in 1846 - CPI in 1850CPI in 1850
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

9.7 - 8.48.4
×
100
=
15%

News headlines from 1846

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

  • The first National Women's Rights Convention takes place in Wocester, Massachusetts.
  • The California Exchange is opened.
  • Britain blockades Piraeus, a Greek port.
  • The HMS Investigator sets sail from Woolwich, England, becoming the first ship to explore the Northwest Passage.

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 1850 → 1846 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jul. 2019, https://www.officialdata.org/1850-GBP-in-1846?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.

Inflation from 1850 to 1846
Cumulative price change 15.48%
Average inflation rate -3.53%
Converted amount (£1 base) £1.15
Price difference (£1 base) £0.15
CPI in 1850 8.400
CPI in 1846 9.700
Inflation in 1846 4.30%
Inflation in 1850 -5.62%
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