£1 in 1995 is worth £1.83 in 2017

Value of £1 from 1995 to 2017

£1 in 1995 is equivalent in purchasing power to about £1.83 in 2017, an increase of £0.83 over 22 years. The pound had an average inflation rate of 2.78% per year between 1995 and 2017, producing a cumulative price increase of 82.74%.

This means that prices in 2017 are 1.83 times as high as average prices since 1995, according to the Office for National Statistics composite price index.

The inflation rate in 1995 was 3.47%. The inflation rate in 2017 was 3.58%. The 2017 inflation rate is lower compared to the average inflation rate of 4.03% per year between 2017 and 2024.


Inflation from 1995 to 2017
Cumulative price change82.74%
Average inflation rate2.78%
Converted amount
£1 base
£1.83
Price difference
£1 base
£0.83
CPI in 1995588.200
CPI in 20171,074.900
Inflation in 19953.47%
Inflation in 20173.58%
£1 in 1995£1.83 in 2017

GBP inflation since 1995
Annual Rate, the Office for National Statistics CPI
Download

Buying power of £1 in 1995

This chart shows a calculation of buying power equivalence for £1 in 1995 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.83 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.83 over time, that means that the "real value" of a single U.K. pound decreases over time. In other words, a pound will pay for fewer items at the store.

This effect explains how inflation erodes the value of a pound over time. By calculating the value in 1995 dollars, the chart below shows how £1 is worth less over 22 years.

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:

Pound inflation: 1995-2017
YearPound ValueInflation Rate
1995£1.003.47%
1996£1.022.41%
1997£1.063.14%
1998£1.093.43%
1999£1.111.54%
2000£1.142.96%
2001£1.161.77%
2002£1.181.67%
2003£1.222.89%
2004£1.252.98%
2005£1.292.82%
2006£1.333.20%
2007£1.394.29%
2008£1.443.99%
2009£1.43-0.53%
2010£1.504.61%
2011£1.585.20%
2012£1.633.21%
2013£1.683.04%
2014£1.722.36%
2015£1.730.99%
2016£1.761.74%
2017£1.833.58%
2018£1.882.70%
2019£1.922.50%
2020£1.961.80%
2021£2.012.49%
2022£2.177.90%
2023£2.327.07%
2024£2.413.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 16 more rows

This conversion table shows various other 1995 amounts in 2017 pounds, based on the 82.74% change in prices:

Conversion: 1995 pounds in 2017
Initial valueEquivalent value
£1 pound in 1995£1.83 pounds in 2017
£5 pounds in 1995£9.14 pounds in 2017
£10 pounds in 1995£18.27 pounds in 2017
£50 pounds in 1995£91.37 pounds in 2017
£100 pounds in 1995£182.74 pounds in 2017
£500 pounds in 1995£913.72 pounds in 2017
£1,000 pounds in 1995£1,827.44 pounds in 2017
£5,000 pounds in 1995£9,137.20 pounds in 2017
£10,000 pounds in 1995£18,274.40 pounds in 2017
£50,000 pounds in 1995£91,371.98 pounds in 2017
£100,000 pounds in 1995£182,743.96 pounds in 2017
£500,000 pounds in 1995£913,719.82 pounds in 2017
£1,000,000 pounds in 1995£1,827,439.65 pounds in 2017

How to calculate inflation rate for £1, 1995 to 2017

Our calculations use the following inflation rate formula to calculate the change in value between 1995 and 2017:

CPI in 2017 CPI in 1995
×
1995 GBP value
=
2017 GBP value

Then plug in historical CPI values. The U.K. CPI was 588.2 in the year 1995 and 1074.9 in 2017:

1074.9588.2
×
£1
=
£1.83

£1 in 1995 has the same "purchasing power" or "buying power" as £1.83 in 2017.

To get the total inflation rate for the 22 years between 1995 and 2017, we use the following formula:

CPI in 2017 - CPI in 1995CPI in 1995
×
100
=
Cumulative inflation rate (22 years)

Plugging in the values to this equation, we get:

1074.9 - 588.2588.2
×
100
=
83%

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 1995 → 2017 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1995-GBP-in-2017?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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1995 to 2017
Cumulative price change82.74%
Average inflation rate2.78%
Converted amount
£1 base
£1.83
Price difference
£1 base
£0.83
CPI in 1995588.200
CPI in 20171,074.900
Inflation in 19953.47%
Inflation in 20173.58%
£1 in 1995£1.83 in 2017