UK inflation rate in 1784: 1.33%

UK Inflation Calculator


UK Inflation Rate, 1784-2017 (£1)

The composite price index (CPI) in 1784 was 7.6. the Office for National Statistics uses this CPI value to track inflation on a monthly basis.

According to the Office for National Statistics, the pound experienced an average inflation rate of 2.14% per year. Prices in 2017 are 13917.7% higher than prices in 1784.

In other words, £1 in the year 1784 is equivalent to £140.18 in 2017, a difference of £139.18 over 233 years.

The current inflation rate in 2017 is 2.70%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 1784 to 2017
Cumulative price change 13917.74%
Average inflation rate 2.14%
Price difference (£1 base) £139.18
CPI in 1784 7.6
CPI in 2017 1065.34818

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

How to calculate the inflation rate for £1 since 1784

Start with the inflation rate formula:

CPI in 2017 / CPI in 1784 * 1784 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 7.6 in the year 1784 and 1065.34818 in 2017:

1065.34818 / 7.6 * £1 = £140.18

£1 in 1784 has the same "purchasing power" as £140.18 in 2017.

News headlines from 1784

Politics and news often play an important role in economic performance.

  • The Treaty of Paris, is formally ratified by the US Congress of the Confederation, ending US Revolutionary War
  • Russia and Turkey sign an official treaty in Constantinople.
  • The Emerald Buddha moves to Wat Phra Kaew, Thailand, which remained his residence for the rest of his life

Inflation Data Source: This calculator uses 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.

» Read more about inflation.