£1 in 1855 → £0.87 in 1858

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£1 in 1855 → £0.87 in 1858

UK Inflation Rate, £1 in 1855 to 1858

According to the Office for National Statistics composite price index, prices in 1858 are 13.33% lower than average prices throughout 1855. The pound experienced an average deflation rate of -4.66% per year during this period, meaning the real value of a dollar increased.

In other words, £1 in 1855 is equivalent in purchasing power to about £0.87 in 1858, a difference of £-0.13 over 3 years.

The 1855 inflation rate was 2.94%. The inflation rate in 1858 was -9.00%. The 1858 inflation rate is lower compared to the average inflation rate of 3.04% per year between 1858 and 2019.


Inflation from 1855 to 1858
Cumulative price change -13.33%
Average inflation rate -4.66%
Converted amount (£1 base) £0.87
Price difference (£1 base) £-0.13
CPI in 1855 10.500
CPI in 1858 9.100
Inflation in 1855 2.94%
Inflation in 1858 -9.00%

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


Buying power of £1 in 1855

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1855 (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
1855 £1.00 2.94%
1856 £1.00 0.00%
1857 £0.95 -4.76%
1858 £0.87 -9.00%
1859 £0.86 -1.10%
1860 £0.89 3.33%
1861 £0.90 2.15%
1862 £0.89 -2.11%
1863 £0.86 -3.23%
1864 £0.85 -1.11%
1865 £0.86 1.12%
1866 £0.90 5.56%
1867 £0.96 6.32%
1868 £0.95 -0.99%
1869 £0.90 -5.00%
1870 £0.90 0.00%
1871 £0.91 1.05%
1872 £0.95 4.17%
1873 £0.99 4.00%
1874 £0.95 -3.85%
1875 £0.93 -2.00%
1876 £0.93 0.00%
1877 £0.92 -1.02%
1878 £0.90 -2.06%
1879 £0.87 -4.21%
1880 £0.90 3.30%
1881 £0.89 -1.06%
1882 £0.90 1.08%
1883 £0.89 -1.06%
1884 £0.87 -2.15%
1885 £0.84 -3.30%
1886 £0.83 -1.14%
1887 £0.82 -1.15%
1888 £0.83 1.16%
1889 £0.84 1.15%
1890 £0.84 0.00%
1891 £0.85 1.14%
1892 £0.85 0.00%
1893 £0.84 -1.12%
1894 £0.83 -1.14%
1895 £0.82 -1.15%
1896 £0.81 -1.16%
1897 £0.83 2.35%
1898 £0.83 0.00%
1899 £0.84 1.15%
1900 £0.88 4.55%
1901 £0.88 0.00%
1902 £0.88 0.00%
1903 £0.89 1.09%
1904 £0.89 0.00%
1905 £0.89 0.00%
1906 £0.89 0.00%
1907 £0.90 1.08%
1908 £0.90 0.00%
1909 £0.90 1.06%
1910 £0.91 1.05%
1911 £0.91 0.00%
1912 £0.94 3.13%
1913 £0.93 -1.01%
1914 £0.93 0.00%
1915 £1.05 12.24%
1916 £1.24 18.18%
1917 £1.55 25.38%
1918 £1.90 22.09%
1919 £2.09 10.05%
1920 £2.41 15.53%
1921 £2.20 -8.70%
1922 £1.90 -13.85%
1923 £1.78 -6.03%
1924 £1.77 -0.53%
1925 £1.77 0.00%
1926 £1.76 -0.54%
1927 £1.71 -2.70%
1928 £1.71 0.00%
1929 £1.70 -1.11%
1930 £1.65 -2.81%
1931 £1.58 -4.05%
1932 £1.54 -2.41%
1933 £1.50 -2.47%
1934 £1.50 0.00%
1935 £1.51 0.63%
1936 £1.52 0.63%
1937 £1.58 3.75%
1938 £1.60 1.20%
1939 £1.65 2.98%
1940 £1.92 16.76%
1941 £2.13 10.89%
1942 £2.29 7.14%
1943 £2.36 3.33%
1944 £2.43 2.82%
1945 £2.50 2.75%
1946 £2.57 3.05%
1947 £2.75 7.04%
1948 £2.96 7.61%
1949 £3.05 2.89%
1950 £3.14 3.13%
1951 £3.43 9.09%
1952 £3.74 9.17%
1953 £3.86 3.05%
1954 £3.93 1.98%
1955 £4.10 4.36%
1956 £4.31 5.10%
1957 £4.47 3.53%
1958 £4.61 3.20%
1959 £4.63 0.41%
1960 £4.68 1.03%
1961 £4.84 3.46%
1962 £5.05 4.33%
1963 £5.14 1.89%
1964 £5.31 3.33%
1965 £5.56 4.66%
1966 £5.78 3.94%
1967 £5.93 2.64%
1968 £6.21 4.65%
1969 £6.54 5.37%
1970 £6.96 6.40%
1971 £7.62 9.44%
1972 £8.16 7.13%
1973 £8.90 9.10%
1974 £10.33 16.04%
1975 £12.84 24.24%
1976 £14.96 16.54%
1977 £17.33 15.85%
1978 £18.77 8.30%
1979 £21.29 13.39%
1980 £25.11 17.99%
1981 £28.10 11.87%
1982 £30.51 8.61%
1983 £31.91 4.59%
1984 £33.50 4.98%
1985 £35.54 6.08%
1986 £36.75 3.40%
1987 £38.29 4.17%
1988 £40.16 4.90%
1989 £43.29 7.78%
1990 £47.38 9.46%
1991 £50.16 5.87%
1992 £52.04 3.74%
1993 £52.87 1.59%
1994 £54.14 2.41%
1995 £56.02 3.47%
1996 £57.37 2.41%
1997 £59.17 3.14%
1998 £61.20 3.43%
1999 £62.14 1.54%
2000 £63.98 2.96%
2001 £65.11 1.77%
2002 £66.20 1.67%
2003 £68.11 2.89%
2004 £70.14 2.98%
2005 £72.12 2.82%
2006 £74.43 3.20%
2007 £77.62 4.29%
2008 £80.71 3.99%
2009 £80.29 -0.53%
2010 £83.99 4.61%
2011 £88.36 5.20%
2012 £91.20 3.21%
2013 £93.97 3.04%
2014 £96.19 2.36%
2015 £97.14 0.99%
2016 £98.83 1.74%
2017 £102.37 3.58%
2018 £104.91 2.48%
2019 £106.80 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, 1855 to 1858

This inflation calculator uses the following inflation rate formula:

CPI in 1858CPI in 1855
×
1855 GBP value
=
1858 GBP value

Then plug in historical CPI values. The UK CPI was 10.5 in the year 1855 and 9.1 in 1858:

9.110.5
×
£1
=
£0.87

£1 in 1855 has the same "purchasing power" or "buying power" as £0.87 in 1858.

To get the total inflation rate for the 3 years between 1855 and 1858, we use the following formula:

CPI in 1858 - CPI in 1855CPI in 1855
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

9.1 - 10.510.5
×
100
=
-13%

News headlines from 1855

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

  • David Livingstone visits the Victoria Falls, becoming the first European to see it.
  • Henry John Temple, Third Viscount Palmerston, forms a British government.
  • A train passes a railway suspension bridge at the Niagara Falls, US for the first time.
  • Kerosene is patented by Abraham Gesner.

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 1855 → 1858 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Jul. 2019, https://www.officialdata.org/1855-GBP-in-1858?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 1855 to 1858
Cumulative price change -13.33%
Average inflation rate -4.66%
Converted amount (£1 base) £0.87
Price difference (£1 base) £-0.13
CPI in 1855 10.500
CPI in 1858 9.100
Inflation in 1855 2.94%
Inflation in 1858 -9.00%
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