£1 in 1946 → £1.22 in 1950

UK Inflation Calculator

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£1 in 1946 → £1.22 in 1950

UK Inflation Rate, £1 in 1946 to 1950

According to the Office for National Statistics composite price index, prices in 1950 are 22.22% higher than average prices throughout 1946. The pound experienced an average inflation rate of 5.14% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1946 is equivalent in purchasing power to about £1.22 in 1950, a difference of £0.22 over 4 years.

The 1946 inflation rate was 3.05%. The inflation rate in 1950 was 3.13%. The 1950 inflation rate is lower compared to the average inflation rate of 5.24% per year between 1950 and 2019.


Inflation from 1946 to 1950
Cumulative price change 22.22%
Average inflation rate 5.14%
Converted amount (£1 base) £1.22
Price difference (£1 base) £0.22
CPI in 1946 27.000
CPI in 1950 33.000
Inflation in 1946 3.05%
Inflation in 1950 3.13%

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


Buying power of £1 in 1946

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1946 (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
1946 £1.00 3.05%
1947 £1.07 7.04%
1948 £1.15 7.61%
1949 £1.19 2.89%
1950 £1.22 3.13%
1951 £1.33 9.09%
1952 £1.46 9.17%
1953 £1.50 3.05%
1954 £1.53 1.98%
1955 £1.60 4.36%
1956 £1.68 5.10%
1957 £1.74 3.53%
1958 £1.79 3.20%
1959 £1.80 0.41%
1960 £1.82 1.03%
1961 £1.88 3.46%
1962 £1.96 4.33%
1963 £2.00 1.89%
1964 £2.07 3.33%
1965 £2.16 4.66%
1966 £2.25 3.94%
1967 £2.31 2.64%
1968 £2.41 4.65%
1969 £2.54 5.37%
1970 £2.71 6.40%
1971 £2.96 9.44%
1972 £3.17 7.13%
1973 £3.46 9.10%
1974 £4.02 16.04%
1975 £4.99 24.24%
1976 £5.82 16.54%
1977 £6.74 15.85%
1978 £7.30 8.30%
1979 £8.28 13.39%
1980 £9.77 17.99%
1981 £10.93 11.87%
1982 £11.87 8.61%
1983 £12.41 4.59%
1984 £13.03 4.98%
1985 £13.82 6.08%
1986 £14.29 3.40%
1987 £14.89 4.17%
1988 £15.62 4.90%
1989 £16.83 7.78%
1990 £18.43 9.46%
1991 £19.51 5.87%
1992 £20.24 3.74%
1993 £20.56 1.59%
1994 £21.06 2.41%
1995 £21.79 3.47%
1996 £22.31 2.41%
1997 £23.01 3.14%
1998 £23.80 3.43%
1999 £24.17 1.54%
2000 £24.88 2.96%
2001 £25.32 1.77%
2002 £25.74 1.67%
2003 £26.49 2.89%
2004 £27.28 2.98%
2005 £28.05 2.82%
2006 £28.94 3.20%
2007 £30.19 4.29%
2008 £31.39 3.99%
2009 £31.22 -0.53%
2010 £32.66 4.61%
2011 £34.36 5.20%
2012 £35.47 3.21%
2013 £36.54 3.04%
2014 £37.41 2.36%
2015 £37.78 0.99%
2016 £38.43 1.74%
2017 £39.81 3.58%
2018 £40.80 2.48%
2019 £41.53 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, 1946 to 1950

This inflation calculator uses the following inflation rate formula:

CPI in 1950CPI in 1946
×
1946 GBP value
=
1950 GBP value

Then plug in historical CPI values. The UK CPI was 27 in the year 1946 and 33 in 1950:

3327
×
£1
=
£1.22

£1 in 1946 has the same "purchasing power" or "buying power" as £1.22 in 1950.

To get the total inflation rate for the 4 years between 1946 and 1950, we use the following formula:

CPI in 1950 - CPI in 1946CPI in 1946
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

33 - 2727
×
100
=
22%

News headlines from 1946

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

  • The United Nations General Assembly meets for the first time in London.
  • President Harry Truman sets up the Central Intelligence Agency or CIA.
  • The US State Department releases the Acheson-Lilenthal Report outlining a plan for how the US can limit nuclear power internationally, marking the beginning of Cold War.
  • Twenty-two Nazi leaders found guilty of war crimes during the Nuremburg trials.

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 1946 → 1950 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Aug. 2019, https://www.officialdata.org/1946-GBP-in-1950?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.

Inflation from 1946 to 1950
Cumulative price change 22.22%
Average inflation rate 5.14%
Converted amount (£1 base) £1.22
Price difference (£1 base) £0.22
CPI in 1946 27.000
CPI in 1950 33.000
Inflation in 1946 3.05%
Inflation in 1950 3.13%
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