UK inflation rate in 1784: 1.33%

UK Inflation Calculator


Inflation in 1784 and Its Effect on Pound Value

Purchasing power decreased by 1.33% in 1784 compared to 1783. On average, you would have to spend 1.33% more money in 1784 than in 1783 for the same item.

In other words, £1 in 1783 is equivalent in purchasing power to about £1.01 in 1784.

The 1783 inflation rate was 11.94%. The inflation rate in 1784 was 1.33%. The 1784 inflation rate is lower compared to the average inflation rate of 2.15% per year between 1784 and 2019.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1784 was 7.60. It was 7.50 in the previous year, 1783. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

Inflation from 1783 to 1784
Average inflation rate 1.33%
Converted amount (£1 base) £1.01
Price difference (£1 base) £0.01
CPI in 1783 7.500
CPI in 1784 7.600
Inflation in 1783 11.94%
Inflation in 1784 1.33%

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

How to Calculate Inflation Rate for £1, 1783 to 1784

This inflation calculator uses the following inflation rate formula:

CPI in 1784CPI in 1783
1783 GBP value
1784 GBP value

Then plug in historical CPI values. The UK CPI was 7.5 in the year 1783 and 7.6 in 1784:


£1 in 1783 has the same "purchasing power" or "buying power" as £1.01 in 1784.

To get the total inflation rate for the 1 years between 1783 and 1784, we use the following formula:

CPI in 1784 - CPI in 1783CPI in 1783
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.6 - 7.57.5

News headlines from 1783

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

  • George Washington makes a speech asking officers not to support and take part in the Newburgh Conspiracy, preventing a potential coup d'etat.
  • Britain gets its youngest Prime Minister, William Pitt the Younger, who was 24 at the time.
  • Hostilities formally cease in the American Revolutionary War

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: “Inflation Rate in 1784 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2019,

Special thanks to QuickChart for providing downloadable chart images. is a reference website maintained by the Official Data Foundation.

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