£1 in 1915 → £0.87 in 1911

UK Inflation Calculator

£

UK Inflation Rate, £1 in 1915 to 1911

According to the Office for National Statistics composite price index, prices in 1911 are 12.73% lower than average prices throughout 1915. The pound experienced an average inflation rate of 3.46% per year during this period.

In other words, £1 in 1915 is equivalent in purchasing power to £0.87 in 1911, a difference of £-0.13 over 4 years.

The 1911 inflation rate was 0.00%. The inflation rate in 1915 was 12.24%. The 1915 inflation rate is higher compared to the average inflation rate of 4.55% per year between 1915 and 2019.


Inflation from 1915 to 1911
Cumulative price change -12.73%
Average inflation rate 3.46%
Converted amount (£1 base) £0.87
Price difference (£1 base) £-0.13
CPI in 1915 11.000
CPI in 1911 9.600
Inflation in 1911 0.00%
Inflation in 1915 12.24%


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


Buying power of £1 in 1911

This chart shows calculations of buying power equivalence over time for £1 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 £1.00 -
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, 1911 to 1915

This inflation calculator uses the following inflation rate formula:

CPI in 1911CPI in 1915
×
1915 GBP value
=
1911 GBP value

Then plug in historical CPI values. The UK CPI was 11 in the year 1915 and 9.6 in 1911:

9.611
×
£1
=
£0.87

£1 in 1915 has the same "purchasing power" or "buying power" as £0.87 in 1911.

To get the total inflation rate for the 4 years between 1911 and 1915, we use the following formula:

CPI in 1911 - CPI in 1915CPI in 1915
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

9.6 - 1111
×
100
=
-13%

News headlines from 1911

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

  • French troops force Germans back into the Champagne region, suffering losses of 50,000 men and gaining several hundred yards.
  • Germany uses poison gas for the first time in World War I.
  • Almost 430,000 French, British, and Germans are killed in the Battle of Loos.
  • The one-millionth Model T is produced by Ford Motor Company.

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 1915 → 1911 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Feb. 2019, https://www.officialdata.org/1915-GBP-in-1911?amount=1.

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


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