£100 in 2000 → £163.48 in 2018

UK Inflation Calculator

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UK Inflation Rate, £100 in 2000 to 2018

According to the Office for National Statistics composite price index, prices in 2018 are 63.48% higher than prices in 2000. The pound experienced an average inflation rate of 2.77% per year during this period.

In other words, £100 in 2000 is equivalent in purchasing power to £163.48 in 2018, a difference of £63.48 over 18 years.

The 2000 inflation rate was 2.96%. The current inflation rate (2017 to 2018) is now 2.20%1. If this number holds, £100 today will be equivalent to £102.20 next year.


Inflation from 2000 to 2018
Cumulative price change 63.48%
Average inflation rate 2.77%
Converted amount (£100 base) £163.48
Price difference (£100 base) £63.48
CPI in 2000 671.800
CPI in 2018 1,098.272
Inflation in 2000 2.96%
Inflation in 2018 2.20%


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


Buying power of £100 since 2000

This chart shows calculations of buying power equivalence over time for £100 in 2000 (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
2000 £100.00 2.96%
2001 £101.77 1.77%
2002 £103.47 1.67%
2003 £106.46 2.89%
2004 £109.63 2.98%
2005 £112.73 2.82%
2006 £116.33 3.20%
2007 £121.32 4.29%
2008 £126.15 3.99%
2009 £125.48 -0.53%
2010 £131.27 4.61%
2011 £138.11 5.20%
2012 £142.54 3.21%
2013 £146.87 3.04%
2014 £150.34 2.36%
2015 £151.83 0.99%
2016 £154.41 1.70%
2017 £159.96 3.59%
2018 £163.48 2.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for £100 since 2000

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 2000
×
2000 GBP value
=
2018 GBP value

Then plug in historical CPI values. The UK CPI was 671.8 in the year 2000 and 1098.27186 in 2018:

1098.27186671.8
×
£100
=
£163.48

£100 in 2000 has the same "purchasing power" or "buying power" as £163.48 in 2018.

To get the total inflation rate for the 18 years between 2000 and 2018, we use the following formula:

CPI in 2018 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (18 years)

Plugging in the values to this equation, we get:

1098.27186 - 671.8671.8
×
100
=
63%

News headlines from 2000

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

  • Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
  • Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
  • George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
  • Gisborne, New Zealand becomes the first city to enter the new millennium.

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: “2000 pounds today | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2018, https://www.officialdata.org/UK-inflation.

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


» Read more about inflation and investment.