£1 in 1865 → £1 in 1863

UK Inflation Calculator

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£1 in 1865 → £1 in 1863

UK Inflation Rate, £1 in 1865 to 1863

The pound experienced an average inflation rate of 0.00% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1865 is equivalent in purchasing power to about £1 in 1863, a difference of £0.00 over 2 years.

The 1863 inflation rate was -3.23%. 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 1865 to 1863
Average inflation rate 0.00%
Converted amount (£1 base) £1
Price difference (£1 base) £0.00
CPI in 1865 9.000
CPI in 1863 9.000
Inflation in 1863 -3.23%
Inflation in 1865 1.12%

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


Buying power of £1 in 1863

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1863 (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
1863 £1.00 -3.23%
1864 £0.99 -1.11%
1865 £1.00 1.12%
1866 £1.06 5.56%
1867 £1.12 6.32%
1868 £1.11 -0.99%
1869 £1.06 -5.00%
1870 £1.06 0.00%
1871 £1.07 1.05%
1872 £1.11 4.17%
1873 £1.16 4.00%
1874 £1.11 -3.85%
1875 £1.09 -2.00%
1876 £1.09 0.00%
1877 £1.08 -1.02%
1878 £1.06 -2.06%
1879 £1.01 -4.21%
1880 £1.04 3.30%
1881 £1.03 -1.06%
1882 £1.04 1.08%
1883 £1.03 -1.06%
1884 £1.01 -2.15%
1885 £0.98 -3.30%
1886 £0.97 -1.14%
1887 £0.96 -1.15%
1888 £0.97 1.16%
1889 £0.98 1.15%
1890 £0.98 0.00%
1891 £0.99 1.14%
1892 £0.99 0.00%
1893 £0.98 -1.12%
1894 £0.97 -1.14%
1895 £0.96 -1.15%
1896 £0.94 -1.16%
1897 £0.97 2.35%
1898 £0.97 0.00%
1899 £0.98 1.15%
1900 £1.02 4.55%
1901 £1.02 0.00%
1902 £1.02 0.00%
1903 £1.03 1.09%
1904 £1.03 0.00%
1905 £1.03 0.00%
1906 £1.03 0.00%
1907 £1.04 1.08%
1908 £1.04 0.00%
1909 £1.06 1.06%
1910 £1.07 1.05%
1911 £1.07 0.00%
1912 £1.10 3.13%
1913 £1.09 -1.01%
1914 £1.09 0.00%
1915 £1.22 12.24%
1916 £1.44 18.18%
1917 £1.81 25.38%
1918 £2.21 22.09%
1919 £2.43 10.05%
1920 £2.81 15.53%
1921 £2.57 -8.70%
1922 £2.21 -13.85%
1923 £2.08 -6.03%
1924 £2.07 -0.53%
1925 £2.07 0.00%
1926 £2.06 -0.54%
1927 £2.00 -2.70%
1928 £2.00 0.00%
1929 £1.98 -1.11%
1930 £1.92 -2.81%
1931 £1.84 -4.05%
1932 £1.80 -2.41%
1933 £1.76 -2.47%
1934 £1.76 0.00%
1935 £1.77 0.63%
1936 £1.78 0.63%
1937 £1.84 3.75%
1938 £1.87 1.20%
1939 £1.92 2.98%
1940 £2.24 16.76%
1941 £2.49 10.89%
1942 £2.67 7.14%
1943 £2.76 3.33%
1944 £2.83 2.82%
1945 £2.91 2.75%
1946 £3.00 3.05%
1947 £3.21 7.04%
1948 £3.46 7.61%
1949 £3.56 2.89%
1950 £3.67 3.13%
1951 £4.00 9.09%
1952 £4.37 9.17%
1953 £4.50 3.05%
1954 £4.59 1.98%
1955 £4.79 4.36%
1956 £5.03 5.10%
1957 £5.21 3.53%
1958 £5.38 3.20%
1959 £5.40 0.41%
1960 £5.46 1.03%
1961 £5.64 3.46%
1962 £5.89 4.33%
1963 £6.00 1.89%
1964 £6.20 3.33%
1965 £6.49 4.66%
1966 £6.74 3.94%
1967 £6.92 2.64%
1968 £7.24 4.65%
1969 £7.63 5.37%
1970 £8.12 6.40%
1971 £8.89 9.44%
1972 £9.52 7.13%
1973 £10.39 9.10%
1974 £12.06 16.04%
1975 £14.98 24.24%
1976 £17.46 16.54%
1977 £20.22 15.85%
1978 £21.90 8.30%
1979 £24.83 13.39%
1980 £29.30 17.99%
1981 £32.78 11.87%
1982 £35.60 8.61%
1983 £37.23 4.59%
1984 £39.09 4.98%
1985 £41.47 6.08%
1986 £42.88 3.40%
1987 £44.67 4.17%
1988 £46.86 4.90%
1989 £50.50 7.78%
1990 £55.28 9.46%
1991 £58.52 5.87%
1992 £60.71 3.74%
1993 £61.68 1.59%
1994 £63.17 2.41%
1995 £65.36 3.47%
1996 £66.93 2.41%
1997 £69.03 3.14%
1998 £71.40 3.43%
1999 £72.50 1.54%
2000 £74.64 2.96%
2001 £75.97 1.77%
2002 £77.23 1.67%
2003 £79.47 2.89%
2004 £81.83 2.98%
2005 £84.14 2.82%
2006 £86.83 3.20%
2007 £90.56 4.29%
2008 £94.17 3.99%
2009 £93.67 -0.53%
2010 £97.99 4.61%
2011 £103.09 5.20%
2012 £106.40 3.21%
2013 £109.63 3.04%
2014 £112.22 2.36%
2015 £113.33 0.99%
2016 £115.30 1.74%
2017 £119.43 3.58%
2018 £122.40 2.48%
2019 £124.60 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, 1863 to 1865

This inflation calculator uses the following inflation rate formula:

CPI in 1863CPI in 1865
×
1865 GBP value
=
1863 GBP value

Then plug in historical CPI values. The UK CPI was 9 in the year 1865 and 9 in 1863:

99
×
£1
=
£1

£1 in 1865 has the same "purchasing power" or "buying power" as £1 in 1863.

To get the total inflation rate for the 2 years between 1863 and 1865, we use the following formula:

CPI in 1863 - CPI in 1865CPI in 1865
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

9 - 99
×
100
=
0%

News headlines from 1863

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

  • America abolishes slavery after Congress passes the 13th Amendment.
  • John Wilkes Booth assassinates President Abraham Lincoln at Ford's Theater, in Washington.
  • The New York Stock Exchange opens its first permanent headquarters at 10-12 Broad Street.
  • Columbia, South Carolina burns during the American Civil War.

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 1865 → 1863 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Oct. 2019, https://www.officialdata.org/1865-GBP-in-1863?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 1865 to 1863
Average inflation rate 0.00%
Converted amount (£1 base) £1
Price difference (£1 base) £0.00
CPI in 1865 9.000
CPI in 1863 9.000
Inflation in 1863 -3.23%
Inflation in 1865 1.12%
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