According to the Office for National Statistics composite price index, prices in 1900 are 5.75% higher than average prices throughout 1897. The pound experienced an average inflation rate of 1.88% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1897 is equivalent in purchasing power to about £1.06 in 1900, a difference of £0.06 over 3 years.

The 1897 inflation rate was 2.35%. The inflation rate in 1900 was 4.55%. The 1900 inflation rate is higher compared to the average inflation rate of 4.12% per year between 1900 and 2019.

⌃

Cumulative price change | 5.75% |

Average inflation rate | 1.88% |

Converted amount (£1 base) | £1.06 |

Price difference (£1 base) | £0.06 |

CPI in 1897 | 8.700 |

CPI in 1900 | 9.200 |

Inflation in 1897 | 2.35% |

Inflation in 1900 | 4.55% |

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1897 (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:

This inflation calculator uses the following inflation rate formula:

CPI in 1900CPI in 1897

×

1897 GBP value

=

1900 GBP value

Then plug in historical CPI values. The UK CPI was 8.7 in the year 1897 and 9.2 in 1900:

9.28.7

×

£1

=

£1 in 1897 has the same "purchasing power" or "buying power" as £1.06 in 1900.

To get the total inflation rate for the 3 years between 1897 and 1900, we use the following formula:

CPI in 1900 - CPI in 1897CPI in 1897

×

100

=

Plugging in the values to this equation, we get:

9.2 - 8.78.7

×

100

=

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

- The first football game between black colleges takes place.
- M. H. Cannon becomes the first female state senator in the United States.
- Elva Zona Heaster is found dead, which results in the trial of her husband, famous for being the only time in US history the alleged testimony of a ghost has helped secure a conviction.

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 1897 → 1900 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Sep. 2019, https://www.officialdata.org/1897-GBP-in-1900?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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

Cumulative price change | 5.75% |

Average inflation rate | 1.88% |

Converted amount (£1 base) | £1.06 |

Price difference (£1 base) | £0.06 |

CPI in 1897 | 8.700 |

CPI in 1900 | 9.200 |

Inflation in 1897 | 2.35% |

Inflation in 1900 | 4.55% |