£1 in 1900 → £0.95 in 1897

UK Inflation Calculator

£

UK Inflation Rate, £1 in 1900 to 1897

According to the Office for National Statistics composite price index, prices in 1897 are 5.43% lower than average prices throughout 1900. 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 1900 is equivalent in purchasing power to about £0.95 in 1897, a difference of £-0.05 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.


Inflation from 1900 to 1897
Cumulative price change -5.43%
Average inflation rate 1.88%
Converted amount (£1 base) £0.95
Price difference (£1 base) £-0.05
CPI in 1900 9.200
CPI in 1897 8.700
Inflation in 1897 2.35%
Inflation in 1900 4.55%


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


Buying power of £1 in 1897

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:

Year Pound Value Inflation Rate
1897 £1.00 2.35%
1898 £1.00 0.00%
1899 £1.01 1.15%
1900 £1.06 4.55%
1901 £1.06 0.00%
1902 £1.06 0.00%
1903 £1.07 1.09%
1904 £1.07 0.00%
1905 £1.07 0.00%
1906 £1.07 0.00%
1907 £1.08 1.08%
1908 £1.08 0.00%
1909 £1.09 1.06%
1910 £1.10 1.05%
1911 £1.10 0.00%
1912 £1.14 3.13%
1913 £1.13 -1.01%
1914 £1.13 0.00%
1915 £1.26 12.24%
1916 £1.49 18.18%
1917 £1.87 25.38%
1918 £2.29 22.09%
1919 £2.52 10.05%
1920 £2.91 15.53%
1921 £2.66 -8.70%
1922 £2.29 -13.85%
1923 £2.15 -6.03%
1924 £2.14 -0.53%
1925 £2.14 0.00%
1926 £2.13 -0.54%
1927 £2.07 -2.70%
1928 £2.07 0.00%
1929 £2.05 -1.11%
1930 £1.99 -2.81%
1931 £1.91 -4.05%
1932 £1.86 -2.41%
1933 £1.82 -2.47%
1934 £1.82 0.00%
1935 £1.83 0.63%
1936 £1.84 0.63%
1937 £1.91 3.75%
1938 £1.93 1.20%
1939 £1.99 2.98%
1940 £2.32 16.76%
1941 £2.57 10.89%
1942 £2.76 7.14%
1943 £2.85 3.33%
1944 £2.93 2.82%
1945 £3.01 2.75%
1946 £3.10 3.05%
1947 £3.32 7.04%
1948 £3.57 7.61%
1949 £3.68 2.89%
1950 £3.79 3.13%
1951 £4.14 9.09%
1952 £4.52 9.17%
1953 £4.66 3.05%
1954 £4.75 1.98%
1955 £4.95 4.36%
1956 £5.21 5.10%
1957 £5.39 3.53%
1958 £5.56 3.20%
1959 £5.59 0.41%
1960 £5.64 1.03%
1961 £5.84 3.46%
1962 £6.09 4.33%
1963 £6.21 1.89%
1964 £6.41 3.33%
1965 £6.71 4.66%
1966 £6.98 3.94%
1967 £7.16 2.64%
1968 £7.49 4.65%
1969 £7.90 5.37%
1970 £8.40 6.40%
1971 £9.20 9.44%
1972 £9.85 7.13%
1973 £10.75 9.10%
1974 £12.47 16.04%
1975 £15.49 24.24%
1976 £18.06 16.54%
1977 £20.92 15.85%
1978 £22.66 8.30%
1979 £25.69 13.39%
1980 £30.31 17.99%
1981 £33.91 11.87%
1982 £36.83 8.61%
1983 £38.52 4.59%
1984 £40.44 4.98%
1985 £42.90 6.08%
1986 £44.36 3.40%
1987 £46.21 4.17%
1988 £48.47 4.90%
1989 £52.24 7.78%
1990 £57.18 9.46%
1991 £60.54 5.87%
1992 £62.80 3.74%
1993 £63.80 1.59%
1994 £65.34 2.41%
1995 £67.61 3.47%
1996 £69.24 2.41%
1997 £71.41 3.14%
1998 £73.86 3.43%
1999 £75.00 1.54%
2000 £77.22 2.96%
2001 £78.59 1.77%
2002 £79.90 1.67%
2003 £82.21 2.89%
2004 £84.66 2.98%
2005 £87.05 2.82%
2006 £89.83 3.20%
2007 £93.68 4.29%
2008 £97.41 3.99%
2009 £96.90 -0.53%
2010 £101.37 4.61%
2011 £106.64 5.20%
2012 £110.07 3.21%
2013 £113.41 3.04%
2014 £116.09 2.36%
2015 £117.24 0.99%
2016 £119.28 1.74%
2017 £123.55 3.58%
2018 £126.62 2.48%
2019 £128.90 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, 1897 to 1900

This inflation calculator uses the following inflation rate formula:

CPI in 1897CPI in 1900
×
1900 GBP value
=
1897 GBP value

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

8.79.2
×
£1
=
£0.95

£1 in 1900 has the same "purchasing power" or "buying power" as £0.95 in 1897.

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

CPI in 1897 - CPI in 1900CPI in 1900
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

8.7 - 9.29.2
×
100
=
-5%

News headlines from 1897

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

  • Britain establishes the protectorates of Northern Nigeria and Southern Nigeria.
  • America announces the Open Door Policy to promote trade with China.
  • The US Congress passes the Currency Act, establishing the gold standard.
  • Dutch botanist and geneticist Hugo de Vries rediscovers Mendel's law of genetics
  • Under pressure from Japan, Korea denies Russia access to Masampo Port, leading to a war between Russia and Japan.

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 1900 → 1897 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 May. 2019, https://www.officialdata.org/1900-GBP-in-1897?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


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