£1 in 1910 → £1.02 in 1913

UK Inflation Calculator

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UK Inflation Rate, £1 in 1910 to 1913

According to the Office for National Statistics composite price index, prices in 1913 are 2.08% higher than average prices throughout 1910. The pound experienced an average inflation rate of 0.69% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1910 is equivalent in purchasing power to about £1.02 in 1913, a difference of £0.02 over 3 years.

The 1910 inflation rate was 1.05%. The inflation rate in 1913 was -1.01%. The 1913 inflation rate is lower compared to the average inflation rate of 4.57% per year between 1913 and 2019.


Inflation from 1910 to 1913
Cumulative price change 2.08%
Average inflation rate 0.69%
Converted amount (£1 base) £1.02
Price difference (£1 base) £0.02
CPI in 1910 9.600
CPI in 1913 9.800
Inflation in 1910 1.05%
Inflation in 1913 -1.01%


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


Buying power of £1 in 1910

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1910 (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
1910 £1.00 1.05%
1911 £1.00 0.00%
1912 £1.03 3.13%
1913 £1.02 -1.01%
1914 £1.02 0.00%
1915 £1.15 12.24%
1916 £1.35 18.18%
1917 £1.70 25.38%
1918 £2.07 22.09%
1919 £2.28 10.05%
1920 £2.64 15.53%
1921 £2.41 -8.70%
1922 £2.07 -13.85%
1923 £1.95 -6.03%
1924 £1.94 -0.53%
1925 £1.94 0.00%
1926 £1.93 -0.54%
1927 £1.88 -2.70%
1928 £1.88 0.00%
1929 £1.85 -1.11%
1930 £1.80 -2.81%
1931 £1.73 -4.05%
1932 £1.69 -2.41%
1933 £1.65 -2.47%
1934 £1.65 0.00%
1935 £1.66 0.63%
1936 £1.67 0.63%
1937 £1.73 3.75%
1938 £1.75 1.20%
1939 £1.80 2.98%
1940 £2.10 16.76%
1941 £2.33 10.89%
1942 £2.50 7.14%
1943 £2.58 3.33%
1944 £2.66 2.82%
1945 £2.73 2.75%
1946 £2.81 3.05%
1947 £3.01 7.04%
1948 £3.24 7.61%
1949 £3.33 2.89%
1950 £3.44 3.13%
1951 £3.75 9.09%
1952 £4.09 9.17%
1953 £4.22 3.05%
1954 £4.30 1.98%
1955 £4.49 4.36%
1956 £4.72 5.10%
1957 £4.89 3.53%
1958 £5.04 3.20%
1959 £5.06 0.41%
1960 £5.11 1.03%
1961 £5.29 3.46%
1962 £5.52 4.33%
1963 £5.63 1.89%
1964 £5.81 3.33%
1965 £6.08 4.66%
1966 £6.32 3.94%
1967 £6.49 2.64%
1968 £6.79 4.65%
1969 £7.16 5.37%
1970 £7.61 6.40%
1971 £8.33 9.44%
1972 £8.93 7.13%
1973 £9.74 9.10%
1974 £11.30 16.04%
1975 £14.04 24.24%
1976 £16.36 16.54%
1977 £18.96 15.85%
1978 £20.53 8.30%
1979 £23.28 13.39%
1980 £27.47 17.99%
1981 £30.73 11.87%
1982 £33.38 8.61%
1983 £34.91 4.59%
1984 £36.65 4.98%
1985 £38.88 6.08%
1986 £40.20 3.40%
1987 £41.88 4.17%
1988 £43.93 4.90%
1989 £47.34 7.78%
1990 £51.82 9.46%
1991 £54.86 5.87%
1992 £56.92 3.74%
1993 £57.82 1.59%
1994 £59.22 2.41%
1995 £61.27 3.47%
1996 £62.75 2.41%
1997 £64.72 3.14%
1998 £66.94 3.43%
1999 £67.97 1.54%
2000 £69.98 2.96%
2001 £71.22 1.77%
2002 £72.41 1.67%
2003 £74.50 2.89%
2004 £76.72 2.98%
2005 £78.89 2.82%
2006 £81.41 3.20%
2007 £84.90 4.29%
2008 £88.28 3.99%
2009 £87.81 -0.53%
2010 £91.86 4.61%
2011 £96.65 5.20%
2012 £99.75 3.21%
2013 £102.78 3.04%
2014 £105.21 2.36%
2015 £106.25 0.99%
2016 £108.09 1.74%
2017 £111.97 3.58%
2018 £114.75 2.48%
2019 £116.81 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, 1910 to 1913

This inflation calculator uses the following inflation rate formula:

CPI in 1913CPI in 1910
×
1910 GBP value
=
1913 GBP value

Then plug in historical CPI values. The UK CPI was 9.6 in the year 1910 and 9.8 in 1913:

9.89.6
×
£1
=
£1.02

£1 in 1910 has the same "purchasing power" or "buying power" as £1.02 in 1913.

To get the total inflation rate for the 3 years between 1910 and 1913, we use the following formula:

CPI in 1913 - CPI in 1910CPI in 1910
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

9.8 - 9.69.6
×
100
=
2%

News headlines from 1910

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

  • Alice Stebbins Wells becomes the first female police officer in the U.S.
  • Englishman Claude Grahame-White becomes the first person to attempt powered flight at night.
  • Union of South Africa declares independence.
  • The Buffalo Bill Dam in Wyoming is completed.

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 1910 → 1913 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2019, https://www.officialdata.org/1910-GBP-in-1913?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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