£1,000 in 1911 → £114,403.32 in 2018

UK Inflation Calculator

£

UK Inflation Rate, £1,000 in 1911 to 2018

According to the Office for National Statistics composite price index, prices in 2018 are 11,340.33% higher than prices in 1911. The pound experienced an average inflation rate of 4.53% per year during this period.

In other words, £1,000 in 1911 is equivalent in purchasing power to £114,403.32 in 2018, a difference of £113,403.32 over 107 years.

The 1911 inflation rate was 0.00%. The current inflation rate (2017 to 2018) is now 2.20%1. If this number holds, £1,000 today will be equivalent to £1,022.00 next year.


Inflation from 1911 to 2018
Cumulative price change 11,340.33%
Average inflation rate 4.53%
Converted amount (£1,000 base) £114,403.32
Price difference (£1,000 base) £113,403.32
CPI in 1911 9.600
CPI in 2018 1,098.272
Inflation in 1911 0.00%
Inflation in 2018 2.20%


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


Buying power of £1,000 since 1911

This chart shows calculations of buying power equivalence over time for £1,000 in 1911 (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
1911 £1,000.00 -
1912 £1,031.25 3.13%
1913 £1,020.83 -1.01%
1914 £1,020.83 0.00%
1915 £1,145.83 12.24%
1916 £1,354.17 18.18%
1917 £1,697.92 25.38%
1918 £2,072.92 22.09%
1919 £2,281.25 10.05%
1920 £2,635.42 15.53%
1921 £2,406.25 -8.70%
1922 £2,072.92 -13.85%
1923 £1,947.92 -6.03%
1924 £1,937.50 -0.53%
1925 £1,937.50 0.00%
1926 £1,927.08 -0.54%
1927 £1,875.00 -2.70%
1928 £1,875.00 0.00%
1929 £1,854.17 -1.11%
1930 £1,802.08 -2.81%
1931 £1,729.17 -4.05%
1932 £1,687.50 -2.41%
1933 £1,645.83 -2.47%
1934 £1,645.83 0.00%
1935 £1,656.25 0.63%
1936 £1,666.67 0.63%
1937 £1,729.17 3.75%
1938 £1,750.00 1.20%
1939 £1,802.08 2.98%
1940 £2,104.17 16.76%
1941 £2,333.33 10.89%
1942 £2,500.00 7.14%
1943 £2,583.33 3.33%
1944 £2,656.25 2.82%
1945 £2,729.17 2.75%
1946 £2,812.50 3.05%
1947 £3,010.42 7.04%
1948 £3,239.58 7.61%
1949 £3,333.33 2.89%
1950 £3,437.50 3.13%
1951 £3,750.00 9.09%
1952 £4,093.75 9.17%
1953 £4,218.75 3.05%
1954 £4,302.08 1.98%
1955 £4,489.58 4.36%
1956 £4,718.75 5.10%
1957 £4,885.42 3.53%
1958 £5,041.67 3.20%
1959 £5,062.50 0.41%
1960 £5,114.58 1.03%
1961 £5,291.67 3.46%
1962 £5,520.83 4.33%
1963 £5,625.00 1.89%
1964 £5,812.50 3.33%
1965 £6,083.33 4.66%
1966 £6,322.92 3.94%
1967 £6,489.58 2.64%
1968 £6,791.67 4.65%
1969 £7,156.25 5.37%
1970 £7,614.58 6.40%
1971 £8,333.33 9.44%
1972 £8,927.08 7.13%
1973 £9,739.58 9.10%
1974 £11,302.08 16.04%
1975 £14,041.67 24.24%
1976 £16,364.58 16.54%
1977 £18,958.33 15.85%
1978 £20,531.25 8.30%
1979 £23,281.25 13.39%
1980 £27,468.75 17.99%
1981 £30,729.17 11.87%
1982 £33,375.00 8.61%
1983 £34,906.25 4.59%
1984 £36,645.83 4.98%
1985 £38,875.00 6.08%
1986 £40,197.92 3.40%
1987 £41,875.00 4.17%
1988 £43,927.08 4.90%
1989 £47,343.75 7.78%
1990 £51,822.92 9.46%
1991 £54,864.58 5.87%
1992 £56,916.67 3.74%
1993 £57,822.92 1.59%
1994 £59,218.75 2.41%
1995 £61,270.83 3.47%
1996 £62,750.00 2.41%
1997 £64,718.75 3.14%
1998 £66,937.50 3.43%
1999 £67,968.75 1.54%
2000 £69,979.17 2.96%
2001 £71,218.75 1.77%
2002 £72,406.25 1.67%
2003 £74,500.00 2.89%
2004 £76,718.75 2.98%
2005 £78,885.42 2.82%
2006 £81,406.25 3.20%
2007 £84,895.83 4.29%
2008 £88,281.25 3.99%
2009 £87,812.50 -0.53%
2010 £91,864.58 4.61%
2011 £96,645.83 5.20%
2012 £99,750.00 3.21%
2013 £102,781.25 3.04%
2014 £105,208.33 2.36%
2015 £106,250.00 0.99%
2016 £108,056.25 1.70%
2017 £111,940.63 3.59%
2018 £114,403.32 2.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for £1,000 since 1911

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1911
×
1911 GBP value
=
2018 GBP value

Then plug in historical CPI values. The UK CPI was 9.6 in the year 1911 and 1098.27186 in 2018:

1098.271869.6
×
£1,000
=
£114,403.32

£1,000 in 1911 has the same "purchasing power" or "buying power" as £114,403.32 in 2018.

To get the total inflation rate for the 107 years between 1911 and 2018, we use the following formula:

CPI in 2018 - CPI in 1911CPI in 1911
×
100
=
Cumulative inflation rate (107 years)

Plugging in the values to this equation, we get:

1098.27186 - 9.69.6
×
100
=
11,340%

News headlines from 1911

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

  • Vicenzo Perugia steals Leonardo da Vinci's masterpiece, the Mona Lisa. It was recovered in Florence in 1913.

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: “£1,000 in 1911 → 2018 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Nov. 2018, https://www.officialdata.org/1911-GBP-in-2018?amount=1000.

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


» Read more about inflation and investment.