£250 in 1970 → £3,835.23 in 2019

UK Inflation Calculator

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£250 in 1970 → £3,835.23 in 2019

UK Inflation Rate, £250 in 1970 to 2019

According to the Office for National Statistics composite price index, today's prices in 2019 are 1,434.09% higher than average prices throughout 1970. The pound experienced an average inflation rate of 5.73% per year during this period, meaning the real value of a dollar decreased.

In other words, £250 in 1970 is equivalent in purchasing power to about £3,835.23 in 2019, a difference of £3,585.23 over 49 years.

The 1970 inflation rate was 6.40%. The current inflation rate (2018 to 2019) is now 1.80%1. If this number holds, £250 today will be equivalent in buying power to £254.50 next year.


Inflation from 1970 to 2019
Cumulative price change 1,434.09%
Average inflation rate 5.73%
Converted amount (£250 base) £3,835.23
Price difference (£250 base) £3,585.23
CPI in 1970 73.100
CPI in 2019 1,121.422
Inflation in 1970 6.40%
Inflation in 2019 1.80%

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


Buying power of £250 in 1970

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £250 in 1970 (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
1970 £250.00 6.40%
1971 £273.60 9.44%
1972 £293.09 7.13%
1973 £319.77 9.10%
1974 £371.07 16.04%
1975 £461.01 24.24%
1976 £537.28 16.54%
1977 £622.44 15.85%
1978 £674.08 8.30%
1979 £764.36 13.39%
1980 £901.85 17.99%
1981 £1,008.89 11.87%
1982 £1,095.76 8.61%
1983 £1,146.03 4.59%
1984 £1,203.15 4.98%
1985 £1,276.33 6.08%
1986 £1,319.77 3.40%
1987 £1,374.83 4.17%
1988 £1,442.20 4.90%
1989 £1,554.38 7.78%
1990 £1,701.44 9.46%
1991 £1,801.30 5.87%
1992 £1,868.67 3.74%
1993 £1,898.43 1.59%
1994 £1,944.25 2.41%
1995 £2,011.63 3.47%
1996 £2,060.19 2.41%
1997 £2,124.83 3.14%
1998 £2,197.67 3.43%
1999 £2,231.53 1.54%
2000 £2,297.54 2.96%
2001 £2,338.24 1.77%
2002 £2,377.22 1.67%
2003 £2,445.96 2.89%
2004 £2,518.81 2.98%
2005 £2,589.95 2.82%
2006 £2,672.71 3.20%
2007 £2,787.28 4.29%
2008 £2,898.43 3.99%
2009 £2,883.04 -0.53%
2010 £3,016.07 4.61%
2011 £3,173.05 5.20%
2012 £3,274.97 3.21%
2013 £3,374.49 3.04%
2014 £3,454.17 2.36%
2015 £3,488.37 0.99%
2016 £3,548.91 1.74%
2017 £3,676.13 3.58%
2018 £3,767.42 2.48%
2019 £3,835.23 1.80%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 43 more rows

How to Calculate Inflation Rate for £250 since 1970

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1970
×
1970 GBP value
=
2019 GBP value

Then plug in historical CPI values. The UK CPI was 73.1 in the year 1970 and 1121.4220303 in 2019:

1121.422030373.1
×
£250
=
£3,835.23

£250 in 1970 has the same "purchasing power" or "buying power" as £3,835.23 in 2019.

To get the total inflation rate for the 49 years between 1970 and 2019, we use the following formula:

CPI in 2019 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (49 years)

Plugging in the values to this equation, we get:

1121.4220303 - 73.173.1
×
100
=
1,434%

News headlines from 1970

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

  • January 1st, 1970 established as Epoch time for UNIX systems.
  • Rhodesia declares independence and sets up a republican government.
  • Aswan Dam opens in Egypt to prevent flooding of the Nile River.
  • A Palestinian terrorist organization hijacks three aircrafts in an incident that is later known as Black September.

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: “£250 in 1970 → 2019 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Oct. 2019, https://www.officialdata.org/1970-GBP-in-2019?amount=250.

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 1970 to 2019
Cumulative price change 1,434.09%
Average inflation rate 5.73%
Converted amount (£250 base) £3,835.23
Price difference (£250 base) £3,585.23
CPI in 1970 73.100
CPI in 2019 1,121.422
Inflation in 1970 6.40%
Inflation in 2019 1.80%
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