UK inflation rate in 1792: 1.33%

UK Inflation Calculator

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Inflation in 1792 and Its Effect on Pound Value

Purchasing power decreased by 1.33% in 1792 compared to the previous year, 1791. On average, you would have to spend 1.33% more money in 1792 than in 1791 for the same item.

In other words, £1 in 1791 is equivalent in purchasing power to £1.01 in 1792.

The 1791 inflation rate was 0.00%. The inflation rate in 1792 was 1.33%. The 1792 inflation rate is lower compared to the average inflation rate of 2.22% per year between 1792 and 2018.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1792 was 7.6. It was 7.5 in the previous year, 1791. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.


Inflation from 1791 to 1792
Average inflation rate 1.33%
Converted amount (£1 base) £1.01
Price difference (£1 base) £0.01
CPI in 1791 7.500
CPI in 1792 7.600
Inflation in 1791 0.00%
Inflation in 1792 1.33%


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


How to Calculate Inflation Rate for £1, 1791 to 1792

This inflation calculator uses the following inflation rate formula:

CPI in 1792CPI in 1791
×
1791 GBP value
=
1792 GBP value

Then plug in historical CPI values. The UK CPI was 7.5 in the year 1791 and 7.6 in 1792:

7.67.5
×
£1
=
£1.01

£1 in 1791 has the same "purchasing power" or "buying power" as £1.01 in 1792.

To get the total inflation rate for the 1 years between 1791 and 1792, we use the following formula:

CPI in 1792 - CPI in 1791CPI in 1791
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.6 - 7.57.5
×
100
=
1%

News headlines from 1791

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

  • The semaphore machine is unveiled in Paris, enabling a significant speed up in long-distance communication.
  • Napoleon Bonaparte is promoted from Colonel to General and also appointed Commander in Chief of the French Republic Armies
  • The Observer, is published for the first time: now the longest surviving Sunday newspaper.

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 1792 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Nov. 2018, https://www.officialdata.org/UK-inflation-rate-in-1792.

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


» Read more about inflation and investment.