Value of £1 from 1965 to 1964
£1 in 1965 is equivalent in purchasing power to about £0.96 in 1964. The pound had an average inflation rate of 4.66% per year between 1964 and 1965, producing a cumulative price increase of -4.45%.
This means that prices in 1964 are 4.45% lower than average prices since 1965, according to the Office for National Statistics composite price index.
The inflation rate in 1964 was 3.33%. The inflation rate in 1965 was 4.66%. The 1965 inflation rate is lower compared to the average inflation rate of 5.55% per year between 1965 and 2024.
⌃
| Average inflation rate | 4.66% |
| Converted amount £1 base | £0.96 |
| Price difference £1 base | £-0.04 |
| CPI in 1965 | 58.400 |
| CPI in 1964 | 55.800 |
| Inflation in 1964 | 3.33% |
| Inflation in 1965 | 4.66% |
| £1 in 1965 | £0.96 in 1964 |
How to calculate inflation rate for £1, 1964 to 1965
Our calculations use the following inflation rate formula to calculate the change in value between 1964 and 1965:
CPI in 1964 CPI in 1965
×
1965 GBP value
=
1964 GBP value
Then plug in historical CPI values. The U.K. CPI was 58.4 in the year 1965 and 55.8 in 1964:
55.858.4
×
£1
=
£0.96
£1 in 1965 has the same "purchasing power" or "buying power" as £0.96 in 1964.
To get the total inflation rate for the 1 years between 1964 and 1965, we use the following formula:
CPI in 1964 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
55.8 - 58.458.4
×
100
=
-4%
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 the current year, which is based on The Bank of England's forecast.
You may use the following MLA citation for this page: “£1 in 1965 → 1964 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Apr. 2024, https://www.officialdata.org/1965-GBP-in-1964?amount=1.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Average inflation rate | 4.66% |
| Converted amount £1 base | £0.96 |
| Price difference £1 base | £-0.04 |
| CPI in 1965 | 58.400 |
| CPI in 1964 | 55.800 |
| Inflation in 1964 | 3.33% |
| Inflation in 1965 | 4.66% |
| £1 in 1965 | £0.96 in 1964 |