£1 in 1860 is worth £1.08 in 1857

Value of £1 from 1860 to 1857

£1 in 1860 is equivalent in purchasing power to about £1.08 in 1857, a difference of £0.08 over 3 years. The pound had an average deflation rate of -2.39% per year since 1857, producing a cumulative price change of 7.53%.

This means that prices in 1857 are 1.08 times as high as average prices since 1860, according to the Office for National Statistics composite price index.

The inflation rate in 1857 was -4.76%. The inflation rate in 1860 was 3.33%. The 1860 inflation rate is higher compared to the average inflation rate of 3.11% per year between 1860 and 2024.


Inflation from 1860 to 1857
Cumulative price change7.53%
Average inflation rate-2.39%
Converted amount
£1 base
£1.08
Price difference
£1 base
£0.08
CPI in 18609.300
CPI in 185710.000
Inflation in 1857-4.76%
Inflation in 18603.33%
£1 in 1860£1.08 in 1857

Recent GBP inflation
Annual Rate, the Office for National Statistics CPI
Download

Buying power of £1 in 1857

This chart shows a calculation of buying power equivalence for £1 in 1857 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.08 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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:

Pound inflation: 1857-1860
YearPound ValueInflation Rate
1857£1.00-4.76%
1858£0.91-9.00%
1859£0.90-1.10%
1860£0.933.33%
1861£0.952.15%
1862£0.93-2.11%
1863£0.90-3.23%
1864£0.89-1.11%
1865£0.901.12%
1866£0.955.56%
1867£1.016.32%
1868£1.00-0.99%
1869£0.95-5.00%
1870£0.950.00%
1871£0.961.05%
1872£1.004.17%
1873£1.044.00%
1874£1.00-3.85%
1875£0.98-2.00%
1876£0.980.00%
1877£0.97-1.02%
1878£0.95-2.06%
1879£0.91-4.21%
1880£0.943.30%
1881£0.93-1.06%
1882£0.941.08%
1883£0.93-1.06%
1884£0.91-2.15%
1885£0.88-3.30%
1886£0.87-1.14%
1887£0.86-1.15%
1888£0.871.16%
1889£0.881.15%
1890£0.880.00%
1891£0.891.14%
1892£0.890.00%
1893£0.88-1.12%
1894£0.87-1.14%
1895£0.86-1.15%
1896£0.85-1.16%
1897£0.872.35%
1898£0.870.00%
1899£0.881.15%
1900£0.924.55%
1901£0.920.00%
1902£0.920.00%
1903£0.931.09%
1904£0.930.00%
1905£0.930.00%
1906£0.930.00%
1907£0.941.08%
1908£0.940.00%
1909£0.951.06%
1910£0.961.05%
1911£0.960.00%
1912£0.993.13%
1913£0.98-1.01%
1914£0.980.00%
1915£1.1012.24%
1916£1.3018.18%
1917£1.6325.38%
1918£1.9922.09%
1919£2.1910.05%
1920£2.5315.53%
1921£2.31-8.70%
1922£1.99-13.85%
1923£1.87-6.03%
1924£1.86-0.53%
1925£1.860.00%
1926£1.85-0.54%
1927£1.80-2.70%
1928£1.800.00%
1929£1.78-1.11%
1930£1.73-2.81%
1931£1.66-4.05%
1932£1.62-2.41%
1933£1.58-2.47%
1934£1.580.00%
1935£1.590.63%
1936£1.600.63%
1937£1.663.75%
1938£1.681.20%
1939£1.732.98%
1940£2.0216.76%
1941£2.2410.89%
1942£2.407.14%
1943£2.483.33%
1944£2.552.82%
1945£2.622.75%
1946£2.703.05%
1947£2.897.04%
1948£3.117.61%
1949£3.202.89%
1950£3.303.13%
1951£3.609.09%
1952£3.939.17%
1953£4.053.05%
1954£4.131.98%
1955£4.314.36%
1956£4.535.10%
1957£4.693.53%
1958£4.843.20%
1959£4.860.41%
1960£4.911.03%
1961£5.083.46%
1962£5.304.33%
1963£5.401.89%
1964£5.583.33%
1965£5.844.66%
1966£6.073.94%
1967£6.232.64%
1968£6.524.65%
1969£6.875.37%
1970£7.316.40%
1971£8.009.44%
1972£8.577.13%
1973£9.359.10%
1974£10.8516.04%
1975£13.4824.24%
1976£15.7116.54%
1977£18.2015.85%
1978£19.718.30%
1979£22.3513.39%
1980£26.3717.99%
1981£29.5011.87%
1982£32.048.61%
1983£33.514.59%
1984£35.184.98%
1985£37.326.08%
1986£38.593.40%
1987£40.204.17%
1988£42.174.90%
1989£45.457.78%
1990£49.759.46%
1991£52.675.87%
1992£54.643.74%
1993£55.511.59%
1994£56.852.41%
1995£58.823.47%
1996£60.242.41%
1997£62.133.14%
1998£64.263.43%
1999£65.251.54%
2000£67.182.96%
2001£68.371.77%
2002£69.511.67%
2003£71.522.89%
2004£73.652.98%
2005£75.732.82%
2006£78.153.20%
2007£81.504.29%
2008£84.753.99%
2009£84.30-0.53%
2010£88.194.61%
2011£92.785.20%
2012£95.763.21%
2013£98.673.04%
2014£101.002.36%
2015£102.000.99%
2016£103.771.74%
2017£107.493.58%
2018£110.392.70%
2019£113.152.50%
2020£115.191.80%
2021£118.062.49%
2022£127.397.90%
2023£136.397.07%
2024£141.713.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1857 amounts in 1860 pounds, based on the 7.53% change in prices:

Conversion: 1857 pounds in 1860
Initial valueEquivalent value
£1 pound in 1857£0.93 pounds in 1860
£5 pounds in 1857£4.65 pounds in 1860
£10 pounds in 1857£9.30 pounds in 1860
£50 pounds in 1857£46.50 pounds in 1860
£100 pounds in 1857£93.00 pounds in 1860
£500 pounds in 1857£465.00 pounds in 1860
£1,000 pounds in 1857£930.00 pounds in 1860
£5,000 pounds in 1857£4,650.00 pounds in 1860
£10,000 pounds in 1857£9,300.00 pounds in 1860
£50,000 pounds in 1857£46,500.00 pounds in 1860
£100,000 pounds in 1857£93,000.00 pounds in 1860
£500,000 pounds in 1857£465,000.00 pounds in 1860
£1,000,000 pounds in 1857£930,000.00 pounds in 1860

How to calculate inflation rate for £1, 1857 to 1860

Our calculations use the following inflation rate formula to calculate the change in value between 1857 and 1860:

CPI in 1857 CPI in 1860
×
1860 GBP value
=
1857 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.3 in the year 1860 and 10 in 1857:

109.3
×
£1
=
£1.08

£1 in 1860 has the same "purchasing power" or "buying power" as £1.08 in 1857.

To get the total inflation rate for the 3 years between 1857 and 1860, we use the following formula:

CPI in 1857 - CPI in 1860CPI in 1860
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

10 - 9.39.3
×
100
=
8%

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 the current year, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page: “£1 in 1860 → 1857 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1860-GBP-in-1857?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1860 to 1857
Cumulative price change7.53%
Average inflation rate-2.39%
Converted amount
£1 base
£1.08
Price difference
£1 base
£0.08
CPI in 18609.300
CPI in 185710.000
Inflation in 1857-4.76%
Inflation in 18603.33%
£1 in 1860£1.08 in 1857