£1 in 1935 → £1.04 in 1937

UK Inflation Calculator

£

UK Inflation Rate, £1 in 1935 to 1937

According to the Office for National Statistics composite price index, prices in 1937 are 4.40% higher than average prices throughout 1935. The pound experienced an average inflation rate of 2.18% per year during this period.

In other words, £1 in 1935 is equivalent in purchasing power to £1.04 in 1937, a difference of £0.04 over 2 years.

The 1935 inflation rate was 0.63%. The inflation rate in 1937 was 3.75%. The 1937 inflation rate is lower compared to the average inflation rate of 5.27% per year between 1937 and 2019.


Inflation from 1935 to 1937
Cumulative price change 4.40%
Average inflation rate 2.18%
Converted amount (£1 base) £1.04
Price difference (£1 base) £0.04
CPI in 1935 15.900
CPI in 1937 16.600
Inflation in 1935 0.63%
Inflation in 1937 3.75%


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


Buying power of £1 in 1935

This chart shows calculations of buying power equivalence over time for £1 in 1935 (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
1935 £1.00 0.63%
1936 £1.01 0.63%
1937 £1.04 3.75%
1938 £1.06 1.20%
1939 £1.09 2.98%
1940 £1.27 16.76%
1941 £1.41 10.89%
1942 £1.51 7.14%
1943 £1.56 3.33%
1944 £1.60 2.82%
1945 £1.65 2.75%
1946 £1.70 3.05%
1947 £1.82 7.04%
1948 £1.96 7.61%
1949 £2.01 2.89%
1950 £2.08 3.13%
1951 £2.26 9.09%
1952 £2.47 9.17%
1953 £2.55 3.05%
1954 £2.60 1.98%
1955 £2.71 4.36%
1956 £2.85 5.10%
1957 £2.95 3.53%
1958 £3.04 3.20%
1959 £3.06 0.41%
1960 £3.09 1.03%
1961 £3.19 3.46%
1962 £3.33 4.33%
1963 £3.40 1.89%
1964 £3.51 3.33%
1965 £3.67 4.66%
1966 £3.82 3.94%
1967 £3.92 2.64%
1968 £4.10 4.65%
1969 £4.32 5.37%
1970 £4.60 6.40%
1971 £5.03 9.44%
1972 £5.39 7.13%
1973 £5.88 9.10%
1974 £6.82 16.04%
1975 £8.48 24.24%
1976 £9.88 16.54%
1977 £11.45 15.85%
1978 £12.40 8.30%
1979 £14.06 13.39%
1980 £16.58 17.99%
1981 £18.55 11.87%
1982 £20.15 8.61%
1983 £21.08 4.59%
1984 £22.13 4.98%
1985 £23.47 6.08%
1986 £24.27 3.40%
1987 £25.28 4.17%
1988 £26.52 4.90%
1989 £28.58 7.78%
1990 £31.29 9.46%
1991 £33.13 5.87%
1992 £34.36 3.74%
1993 £34.91 1.59%
1994 £35.75 2.41%
1995 £36.99 3.47%
1996 £37.89 2.41%
1997 £39.08 3.14%
1998 £40.42 3.43%
1999 £41.04 1.54%
2000 £42.25 2.96%
2001 £43.00 1.77%
2002 £43.72 1.67%
2003 £44.98 2.89%
2004 £46.32 2.98%
2005 £47.63 2.82%
2006 £49.15 3.20%
2007 £51.26 4.29%
2008 £53.30 3.99%
2009 £53.02 -0.53%
2010 £55.47 4.61%
2011 £58.35 5.20%
2012 £60.23 3.21%
2013 £62.06 3.04%
2014 £63.52 2.36%
2015 £64.15 0.99%
2016 £65.26 1.74%
2017 £67.60 3.58%
2018 £69.28 2.48%
2019 £70.53 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, 1935 to 1937

This inflation calculator uses the following inflation rate formula:

CPI in 1937CPI in 1935
×
1935 GBP value
=
1937 GBP value

Then plug in historical CPI values. The UK CPI was 15.9 in the year 1935 and 16.6 in 1937:

16.615.9
×
£1
=
£1.04

£1 in 1935 has the same "purchasing power" or "buying power" as £1.04 in 1937.

To get the total inflation rate for the 2 years between 1935 and 1937, we use the following formula:

CPI in 1937 - CPI in 1935CPI in 1935
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

16.6 - 15.915.9
×
100
=
4%

News headlines from 1935

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

  • Hitler violates the Treaty of Versailles by ordering German rearmament.
  • In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
  • Communist forces end their Long March bringing Mao Zedong to prominence.
  • First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

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 1935 → 1937 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Feb. 2019, https://www.officialdata.org/1935-GBP-in-1937?amount=1.

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


» Read more about inflation and investment.