£1 in 1850 → £1.06 in 1853

UK Inflation Calculator

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UK Inflation Rate, £1 in 1850 to 1853

According to the Office for National Statistics composite price index, prices in 1853 are 5.95% higher than average prices throughout 1850. 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 1850 is equivalent in purchasing power to about £1.06 in 1853, a difference of £0.06 over 3 years.

The 1850 inflation rate was -5.62%. The inflation rate in 1853 was 9.88%. The 1853 inflation rate is higher compared to the average inflation rate of 2.96% per year between 1853 and 2019.


Inflation from 1850 to 1853
Cumulative price change 5.95%
Average inflation rate 1.95%
Converted amount (£1 base) £1.06
Price difference (£1 base) £0.06
CPI in 1850 8.400
CPI in 1853 8.900
Inflation in 1850 -5.62%
Inflation in 1853 9.88%


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


Buying power of £1 in 1850

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1850 (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
1850 £1.00 -5.62%
1851 £0.96 -3.57%
1852 £0.96 0.00%
1853 £1.06 9.88%
1854 £1.21 14.61%
1855 £1.25 2.94%
1856 £1.25 0.00%
1857 £1.19 -4.76%
1858 £1.08 -9.00%
1859 £1.07 -1.10%
1860 £1.11 3.33%
1861 £1.13 2.15%
1862 £1.11 -2.11%
1863 £1.07 -3.23%
1864 £1.06 -1.11%
1865 £1.07 1.12%
1866 £1.13 5.56%
1867 £1.20 6.32%
1868 £1.19 -0.99%
1869 £1.13 -5.00%
1870 £1.13 0.00%
1871 £1.14 1.05%
1872 £1.19 4.17%
1873 £1.24 4.00%
1874 £1.19 -3.85%
1875 £1.17 -2.00%
1876 £1.17 0.00%
1877 £1.15 -1.02%
1878 £1.13 -2.06%
1879 £1.08 -4.21%
1880 £1.12 3.30%
1881 £1.11 -1.06%
1882 £1.12 1.08%
1883 £1.11 -1.06%
1884 £1.08 -2.15%
1885 £1.05 -3.30%
1886 £1.04 -1.14%
1887 £1.02 -1.15%
1888 £1.04 1.16%
1889 £1.05 1.15%
1890 £1.05 0.00%
1891 £1.06 1.14%
1892 £1.06 0.00%
1893 £1.05 -1.12%
1894 £1.04 -1.14%
1895 £1.02 -1.15%
1896 £1.01 -1.16%
1897 £1.04 2.35%
1898 £1.04 0.00%
1899 £1.05 1.15%
1900 £1.10 4.55%
1901 £1.10 0.00%
1902 £1.10 0.00%
1903 £1.11 1.09%
1904 £1.11 0.00%
1905 £1.11 0.00%
1906 £1.11 0.00%
1907 £1.12 1.08%
1908 £1.12 0.00%
1909 £1.13 1.06%
1910 £1.14 1.05%
1911 £1.14 0.00%
1912 £1.18 3.13%
1913 £1.17 -1.01%
1914 £1.17 0.00%
1915 £1.31 12.24%
1916 £1.55 18.18%
1917 £1.94 25.38%
1918 £2.37 22.09%
1919 £2.61 10.05%
1920 £3.01 15.53%
1921 £2.75 -8.70%
1922 £2.37 -13.85%
1923 £2.23 -6.03%
1924 £2.21 -0.53%
1925 £2.21 0.00%
1926 £2.20 -0.54%
1927 £2.14 -2.70%
1928 £2.14 0.00%
1929 £2.12 -1.11%
1930 £2.06 -2.81%
1931 £1.98 -4.05%
1932 £1.93 -2.41%
1933 £1.88 -2.47%
1934 £1.88 0.00%
1935 £1.89 0.63%
1936 £1.90 0.63%
1937 £1.98 3.75%
1938 £2.00 1.20%
1939 £2.06 2.98%
1940 £2.40 16.76%
1941 £2.67 10.89%
1942 £2.86 7.14%
1943 £2.95 3.33%
1944 £3.04 2.82%
1945 £3.12 2.75%
1946 £3.21 3.05%
1947 £3.44 7.04%
1948 £3.70 7.61%
1949 £3.81 2.89%
1950 £3.93 3.13%
1951 £4.29 9.09%
1952 £4.68 9.17%
1953 £4.82 3.05%
1954 £4.92 1.98%
1955 £5.13 4.36%
1956 £5.39 5.10%
1957 £5.58 3.53%
1958 £5.76 3.20%
1959 £5.79 0.41%
1960 £5.85 1.03%
1961 £6.05 3.46%
1962 £6.31 4.33%
1963 £6.43 1.89%
1964 £6.64 3.33%
1965 £6.95 4.66%
1966 £7.23 3.94%
1967 £7.42 2.64%
1968 £7.76 4.65%
1969 £8.18 5.37%
1970 £8.70 6.40%
1971 £9.52 9.44%
1972 £10.20 7.13%
1973 £11.13 9.10%
1974 £12.92 16.04%
1975 £16.05 24.24%
1976 £18.70 16.54%
1977 £21.67 15.85%
1978 £23.46 8.30%
1979 £26.61 13.39%
1980 £31.39 17.99%
1981 £35.12 11.87%
1982 £38.14 8.61%
1983 £39.89 4.59%
1984 £41.88 4.98%
1985 £44.43 6.08%
1986 £45.94 3.40%
1987 £47.86 4.17%
1988 £50.20 4.90%
1989 £54.11 7.78%
1990 £59.23 9.46%
1991 £62.70 5.87%
1992 £65.05 3.74%
1993 £66.08 1.59%
1994 £67.68 2.41%
1995 £70.02 3.47%
1996 £71.71 2.41%
1997 £73.96 3.14%
1998 £76.50 3.43%
1999 £77.68 1.54%
2000 £79.98 2.96%
2001 £81.39 1.77%
2002 £82.75 1.67%
2003 £85.14 2.89%
2004 £87.68 2.98%
2005 £90.15 2.82%
2006 £93.04 3.20%
2007 £97.02 4.29%
2008 £100.89 3.99%
2009 £100.36 -0.53%
2010 £104.99 4.61%
2011 £110.45 5.20%
2012 £114.00 3.21%
2013 £117.46 3.04%
2014 £120.24 2.36%
2015 £121.43 0.99%
2016 £123.54 1.74%
2017 £127.96 3.58%
2018 £131.14 2.48%
2019 £133.50 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, 1850 to 1853

This inflation calculator uses the following inflation rate formula:

CPI in 1853CPI in 1850
×
1850 GBP value
=
1853 GBP value

Then plug in historical CPI values. The UK CPI was 8.4 in the year 1850 and 8.9 in 1853:

8.98.4
×
£1
=
£1.06

£1 in 1850 has the same "purchasing power" or "buying power" as £1.06 in 1853.

To get the total inflation rate for the 3 years between 1850 and 1853, we use the following formula:

CPI in 1853 - CPI in 1850CPI in 1850
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

8.9 - 8.48.4
×
100
=
6%

News headlines from 1850

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 → 1853 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Apr. 2019, https://www.officialdata.org/1850-GBP-in-1853?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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