£146.36 in 2013 → £153.92 in 2016

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UK Inflation Rate, £146.36 in 2013 to 2016

According to the Office for National Statistics composite price index, prices in 2016 are 5.17% higher than average prices throughout 2013. The pound experienced an average inflation rate of 1.69% per year during this period.

In other words, £146.36 in 2013 is equivalent in purchasing power to £153.92 in 2016, a difference of £7.56 over 3 years.

The 2013 inflation rate was 3.04%. The inflation rate in 2016 was 1.74%. The 2016 inflation rate is lower compared to the average inflation rate of 2.62% per year between 2016 and 2019.


Inflation from 2013 to 2016
Cumulative price change 5.17%
Average inflation rate 1.69%
Converted amount (£146.36 base) £153.92
Price difference (£146.36 base) £7.56
CPI in 2013 986.700
CPI in 2016 1,037.700
Inflation in 2013 3.04%
Inflation in 2016 1.74%


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


Buying power of £146.36 in 2013

This chart shows calculations of buying power equivalence over time for £146.36 in 2013 (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
2013 £146.36 3.04%
2014 £149.82 2.36%
2015 £151.30 0.99%
2016 £153.92 1.74%
2017 £159.44 3.58%
2018 £163.40 2.48%
2019 £166.34 1.80%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for £146.36, 2013 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016CPI in 2013
×
2013 GBP value
=
2016 GBP value

Then plug in historical CPI values. The UK CPI was 986.7 in the year 2013 and 1037.7 in 2016:

1037.7986.7
×
£146.36
=
£153.92

£146.36 in 2013 has the same "purchasing power" or "buying power" as £153.92 in 2016.

To get the total inflation rate for the 3 years between 2013 and 2016, we use the following formula:

CPI in 2016 - CPI in 2013CPI in 2013
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

1037.7 - 986.7986.7
×
100
=
5%

News headlines from 2013

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

  • 100,000 people march in Dhaka demanding justice for the atrocities committed during the Bangladesh Liberation War.
  • Pope Benedict XVI resigns, becoming the first pope to do so since 1415.
  • Two explosions near the finish line of the Boston Marathon, kill 3 and injure 183 people,
  • Xi Jinping becomes President of the People's Republic of China.

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: “£146.36 in 2013 → 2016 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Mar. 2019, https://www.officialdata.org/2013-GBP-in-2016?amount=146.36.

Special thanks to QuickChart for providing downloadable chart images.

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


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