£10 in 1889 → £1,179.20 in 2016

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£10 in 1889 → £1,179.20 in 2016

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UK Inflation Rate, £10 in 1889 to 2016

According to the Office for National Statistics composite price index, prices in 2016 are 11,692.05% higher than average prices throughout 1889. The pound experienced an average inflation rate of 3.83% per year during this period, meaning the real value of a dollar decreased.

In other words, £10 in 1889 is equivalent in purchasing power to about £1,179.20 in 2016, a difference of £1,169.20 over 127 years.

The 1889 inflation rate was 1.15%. The inflation rate in 2016 was 1.74%. The 2016 inflation rate is lower compared to the average inflation rate of 2.62% per year between 2016 and 2019.


Inflation from 1889 to 2016
Cumulative price change 11,692.05%
Average inflation rate 3.83%
Converted amount (£10 base) £1,179.20
Price difference (£10 base) £1,169.20
CPI in 1889 8.800
CPI in 2016 1,037.700
Inflation in 1889 1.15%
Inflation in 2016 1.74%

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


Buying power of £10 in 1889

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £10 in 1889 (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
1889 £10.00 1.15%
1890 £10.00 0.00%
1891 £10.11 1.14%
1892 £10.11 0.00%
1893 £10.00 -1.12%
1894 £9.89 -1.14%
1895 £9.77 -1.15%
1896 £9.66 -1.16%
1897 £9.89 2.35%
1898 £9.89 0.00%
1899 £10.00 1.15%
1900 £10.45 4.55%
1901 £10.45 0.00%
1902 £10.45 0.00%
1903 £10.57 1.09%
1904 £10.57 0.00%
1905 £10.57 0.00%
1906 £10.57 0.00%
1907 £10.68 1.08%
1908 £10.68 0.00%
1909 £10.80 1.06%
1910 £10.91 1.05%
1911 £10.91 0.00%
1912 £11.25 3.13%
1913 £11.14 -1.01%
1914 £11.14 0.00%
1915 £12.50 12.24%
1916 £14.77 18.18%
1917 £18.52 25.38%
1918 £22.61 22.09%
1919 £24.89 10.05%
1920 £28.75 15.53%
1921 £26.25 -8.70%
1922 £22.61 -13.85%
1923 £21.25 -6.03%
1924 £21.14 -0.53%
1925 £21.14 0.00%
1926 £21.02 -0.54%
1927 £20.45 -2.70%
1928 £20.45 0.00%
1929 £20.23 -1.11%
1930 £19.66 -2.81%
1931 £18.86 -4.05%
1932 £18.41 -2.41%
1933 £17.95 -2.47%
1934 £17.95 0.00%
1935 £18.07 0.63%
1936 £18.18 0.63%
1937 £18.86 3.75%
1938 £19.09 1.20%
1939 £19.66 2.98%
1940 £22.95 16.76%
1941 £25.45 10.89%
1942 £27.27 7.14%
1943 £28.18 3.33%
1944 £28.98 2.82%
1945 £29.77 2.75%
1946 £30.68 3.05%
1947 £32.84 7.04%
1948 £35.34 7.61%
1949 £36.36 2.89%
1950 £37.50 3.13%
1951 £40.91 9.09%
1952 £44.66 9.17%
1953 £46.02 3.05%
1954 £46.93 1.98%
1955 £48.98 4.36%
1956 £51.48 5.10%
1957 £53.30 3.53%
1958 £55.00 3.20%
1959 £55.23 0.41%
1960 £55.80 1.03%
1961 £57.73 3.46%
1962 £60.23 4.33%
1963 £61.36 1.89%
1964 £63.41 3.33%
1965 £66.36 4.66%
1966 £68.98 3.94%
1967 £70.80 2.64%
1968 £74.09 4.65%
1969 £78.07 5.37%
1970 £83.07 6.40%
1971 £90.91 9.44%
1972 £97.39 7.13%
1973 £106.25 9.10%
1974 £123.30 16.04%
1975 £153.18 24.24%
1976 £178.52 16.54%
1977 £206.82 15.85%
1978 £223.98 8.30%
1979 £253.98 13.39%
1980 £299.66 17.99%
1981 £335.23 11.87%
1982 £364.09 8.61%
1983 £380.80 4.59%
1984 £399.77 4.98%
1985 £424.09 6.08%
1986 £438.52 3.40%
1987 £456.82 4.17%
1988 £479.20 4.90%
1989 £516.48 7.78%
1990 £565.34 9.46%
1991 £598.52 5.87%
1992 £620.91 3.74%
1993 £630.80 1.59%
1994 £646.02 2.41%
1995 £668.41 3.47%
1996 £684.55 2.41%
1997 £706.02 3.14%
1998 £730.23 3.43%
1999 £741.48 1.54%
2000 £763.41 2.96%
2001 £776.93 1.77%
2002 £789.89 1.67%
2003 £812.73 2.89%
2004 £836.93 2.98%
2005 £860.57 2.82%
2006 £888.07 3.20%
2007 £926.14 4.29%
2008 £963.07 3.99%
2009 £957.95 -0.53%
2010 £1,002.16 4.61%
2011 £1,054.32 5.20%
2012 £1,088.18 3.21%
2013 £1,121.25 3.04%
2014 £1,147.73 2.36%
2015 £1,159.09 0.99%
2016 £1,179.20 1.74%
2017 £1,221.48 3.58%
2018 £1,251.81 2.48%
2019 £1,274.34 1.80%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 121 more rows

How to Calculate Inflation Rate for £10, 1889 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016CPI in 1889
×
1889 GBP value
=
2016 GBP value

Then plug in historical CPI values. The UK CPI was 8.8 in the year 1889 and 1037.7 in 2016:

1037.78.8
×
£10
=
£1,179.20

£10 in 1889 has the same "purchasing power" or "buying power" as £1,179.20 in 2016.

To get the total inflation rate for the 127 years between 1889 and 2016, we use the following formula:

CPI in 2016 - CPI in 1889CPI in 1889
×
100
=
Cumulative inflation rate (127 years)

Plugging in the values to this equation, we get:

1037.7 - 8.88.8
×
100
=
11,692%

News headlines from 1889

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

  • George Eastman's Kodak flexible rolled films are sold for the first time.
  • The World Fair, "Exposition Universelle" opens in Paris, after the completion of the Eiffel Tower.
  • Nintendo Koppai is founded by Fusajiro Yamauchi, whose goal was to produce and market Hanafuda, card game. The company is today known as Nintendo Company, Limited

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: “£10 in 1889 → 2016 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2019, https://www.officialdata.org/1889-GBP-in-2016?amount=10.

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 1889 to 2016
Cumulative price change 11,692.05%
Average inflation rate 3.83%
Converted amount (£10 base) £1,179.20
Price difference (£10 base) £1,169.20
CPI in 1889 8.800
CPI in 2016 1,037.700
Inflation in 1889 1.15%
Inflation in 2016 1.74%