£1 in 1860 → £0.97 in 1865

UK Inflation Calculator

£

UK Inflation Rate, £1 in 1860 to 1865

According to the Office for National Statistics composite price index, prices in 1865 are 3.23% lower than average prices throughout 1860. The pound experienced an average deflation rate of -0.65% per year during this period, meaning the real value of a dollar increased.

In other words, £1 in 1860 is equivalent in purchasing power to about £0.97 in 1865, a difference of £-0.03 over 5 years.

The 1860 inflation rate was 3.33%. The inflation rate in 1865 was 1.12%. The 1865 inflation rate is lower compared to the average inflation rate of 3.18% per year between 1865 and 2019.


Inflation from 1860 to 1865
Cumulative price change -3.23%
Average inflation rate -0.65%
Converted amount (£1 base) £0.97
Price difference (£1 base) £-0.03
CPI in 1860 9.300
CPI in 1865 9.000
Inflation in 1860 3.33%
Inflation in 1865 1.12%


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


Buying power of £1 in 1860

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1860 (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
1860 £1.00 3.33%
1861 £1.02 2.15%
1862 £1.00 -2.11%
1863 £0.97 -3.23%
1864 £0.96 -1.11%
1865 £0.97 1.12%
1866 £1.02 5.56%
1867 £1.09 6.32%
1868 £1.08 -0.99%
1869 £1.02 -5.00%
1870 £1.02 0.00%
1871 £1.03 1.05%
1872 £1.08 4.17%
1873 £1.12 4.00%
1874 £1.08 -3.85%
1875 £1.05 -2.00%
1876 £1.05 0.00%
1877 £1.04 -1.02%
1878 £1.02 -2.06%
1879 £0.98 -4.21%
1880 £1.01 3.30%
1881 £1.00 -1.06%
1882 £1.01 1.08%
1883 £1.00 -1.06%
1884 £0.98 -2.15%
1885 £0.95 -3.30%
1886 £0.94 -1.14%
1887 £0.92 -1.15%
1888 £0.94 1.16%
1889 £0.95 1.15%
1890 £0.95 0.00%
1891 £0.96 1.14%
1892 £0.96 0.00%
1893 £0.95 -1.12%
1894 £0.94 -1.14%
1895 £0.92 -1.15%
1896 £0.91 -1.16%
1897 £0.94 2.35%
1898 £0.94 0.00%
1899 £0.95 1.15%
1900 £0.99 4.55%
1901 £0.99 0.00%
1902 £0.99 0.00%
1903 £1.00 1.09%
1904 £1.00 0.00%
1905 £1.00 0.00%
1906 £1.00 0.00%
1907 £1.01 1.08%
1908 £1.01 0.00%
1909 £1.02 1.06%
1910 £1.03 1.05%
1911 £1.03 0.00%
1912 £1.06 3.13%
1913 £1.05 -1.01%
1914 £1.05 0.00%
1915 £1.18 12.24%
1916 £1.40 18.18%
1917 £1.75 25.38%
1918 £2.14 22.09%
1919 £2.35 10.05%
1920 £2.72 15.53%
1921 £2.48 -8.70%
1922 £2.14 -13.85%
1923 £2.01 -6.03%
1924 £2.00 -0.53%
1925 £2.00 0.00%
1926 £1.99 -0.54%
1927 £1.94 -2.70%
1928 £1.94 0.00%
1929 £1.91 -1.11%
1930 £1.86 -2.81%
1931 £1.78 -4.05%
1932 £1.74 -2.41%
1933 £1.70 -2.47%
1934 £1.70 0.00%
1935 £1.71 0.63%
1936 £1.72 0.63%
1937 £1.78 3.75%
1938 £1.81 1.20%
1939 £1.86 2.98%
1940 £2.17 16.76%
1941 £2.41 10.89%
1942 £2.58 7.14%
1943 £2.67 3.33%
1944 £2.74 2.82%
1945 £2.82 2.75%
1946 £2.90 3.05%
1947 £3.11 7.04%
1948 £3.34 7.61%
1949 £3.44 2.89%
1950 £3.55 3.13%
1951 £3.87 9.09%
1952 £4.23 9.17%
1953 £4.35 3.05%
1954 £4.44 1.98%
1955 £4.63 4.36%
1956 £4.87 5.10%
1957 £5.04 3.53%
1958 £5.20 3.20%
1959 £5.23 0.41%
1960 £5.28 1.03%
1961 £5.46 3.46%
1962 £5.70 4.33%
1963 £5.81 1.89%
1964 £6.00 3.33%
1965 £6.28 4.66%
1966 £6.53 3.94%
1967 £6.70 2.64%
1968 £7.01 4.65%
1969 £7.39 5.37%
1970 £7.86 6.40%
1971 £8.60 9.44%
1972 £9.22 7.13%
1973 £10.05 9.10%
1974 £11.67 16.04%
1975 £14.49 24.24%
1976 £16.89 16.54%
1977 £19.57 15.85%
1978 £21.19 8.30%
1979 £24.03 13.39%
1980 £28.35 17.99%
1981 £31.72 11.87%
1982 £34.45 8.61%
1983 £36.03 4.59%
1984 £37.83 4.98%
1985 £40.13 6.08%
1986 £41.49 3.40%
1987 £43.23 4.17%
1988 £45.34 4.90%
1989 £48.87 7.78%
1990 £53.49 9.46%
1991 £56.63 5.87%
1992 £58.75 3.74%
1993 £59.69 1.59%
1994 £61.13 2.41%
1995 £63.25 3.47%
1996 £64.77 2.41%
1997 £66.81 3.14%
1998 £69.10 3.43%
1999 £70.16 1.54%
2000 £72.24 2.96%
2001 £73.52 1.77%
2002 £74.74 1.67%
2003 £76.90 2.89%
2004 £79.19 2.98%
2005 £81.43 2.82%
2006 £84.03 3.20%
2007 £87.63 4.29%
2008 £91.13 3.99%
2009 £90.65 -0.53%
2010 £94.83 4.61%
2011 £99.76 5.20%
2012 £102.97 3.21%
2013 £106.10 3.04%
2014 £108.60 2.36%
2015 £109.68 0.99%
2016 £111.58 1.74%
2017 £115.58 3.58%
2018 £118.45 2.48%
2019 £120.58 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, 1860 to 1865

This inflation calculator uses the following inflation rate formula:

CPI in 1865CPI in 1860
×
1860 GBP value
=
1865 GBP value

Then plug in historical CPI values. The UK CPI was 9.3 in the year 1860 and 9 in 1865:

99.3
×
£1
=
£0.97

£1 in 1860 has the same "purchasing power" or "buying power" as £0.97 in 1865.

To get the total inflation rate for the 5 years between 1860 and 1865, we use the following formula:

CPI in 1865 - CPI in 1860CPI in 1860
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

9 - 9.39.3
×
100
=
-3%

News headlines from 1860

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

  • Abraham Lincoln becomes the 16th President of the U.S.
  • Slavery ends in the Dutch East Indies.

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 1860 → 1865 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2019, https://www.officialdata.org/1860-GBP-in-1865?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.