According to the Office for National Statistics composite price index, today's prices in 2019 are 9.94% higher than average prices throughout 2015. The pound experienced an average inflation rate of 2.40% per year during this period, meaning the real value of a dollar decreased.
In other words, £146.36 in 2015 is equivalent in purchasing power to about £160.91 in 2019, a difference of £14.55 over 4 years.
The 2015 inflation rate was 0.99%. The current inflation rate (2018 to 2019) is now 1.80%1. If this number holds, £146.36 today will be equivalent in buying power to £148.99 next year.
|Cumulative price change||9.94%|
|Average inflation rate||2.40%|
|Converted amount (£146.36 base)||£160.91|
|Price difference (£146.36 base)||£14.55|
|CPI in 2015||1,020.000|
|CPI in 2019||1,121.422|
|Inflation in 2015||0.99%|
|Inflation in 2019||1.80%|
This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £146.36 in 2015 (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|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The UK CPI was 1020 in the year 2015 and 1121.4220303 in 2019:
£146.36 in 2015 has the same "purchasing power" or "buying power" as £160.91 in 2019.
To get the total inflation rate for the 4 years between 2015 and 2019, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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 2015 → 2019 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Apr. 2019, https://www.officialdata.org/2015-GBP-in-2019?amount=146.36.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.