# £1 in 1905 → £115.55 in 2017

## UK Inflation Calculator

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👉 You may be interested in £1 in 1905 → 2018

### UK Inflation Rate, £1 in 1905 to 2017

According to the Office for National Statistics composite price index, the pound experienced an average inflation rate of 4.33% per year. Prices in 2017 are 11,455.16% higher than prices in 1905.

In other words, £1 in 1905 is equivalent in purchasing power to £115.55 in 2017, a difference of £114.55 over 112 years.

The inflation rate in 2017 was 3.59%.

 Cumulative price change 11455.16% Average inflation rate 4.33% Converted amount (£1 base) £115.55 Price difference (£1 base) £114.55 CPI in 1905 9.3 CPI in 2017 1074.63

### How to calculate the inflation rate for £1, 1905 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1905 * 1905 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 9.3 in the year 1905 and 1074.63 in 2017:

1074.63 / 9.3 * £1 = £115.55

£1 in 1905 has the same "purchasing power" or "buying power" as £115.55 in 2017.

### Buying power of £1 since 1905

This chart shows calculations of buying power equivalence over time for £1 in 1905 (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 GBP Value Inflation Rate
1905 £1.00 -
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 £111.54 1.70%
2017 £115.55 3.59%*
* Not final. See inflation summary for latest details.

### News headlines from 1905

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

• The Industrial Workers of the World is formed. It is an American anarcho-syndicalist union.
• Bloody Sunday in Russia: troops fire and kill protesters, mostly workers, marching to the Winter Palace in order to hand a petition to the Tsar.
• Potemkin's arrival at Odessa leads to sailors joining civilians in the '1905 Revolution’.

### 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 1905 → 2017 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jul. 2018, https://www.officialdata.org/1905-GBP-in-2017?amount=1.

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