UK inflation rate in 1796: 6.38%

UK Inflation Calculator


Inflation in 1796 and Its Effect on Pound Value

Purchasing power decreased by 6.38% in 1796 compared to 1795. On average, you would have to spend 6.38% more money in 1796 than in 1795 for the same item.

In other words, £1 in 1795 is equivalent in purchasing power to about £1.06 in 1796.

The 1795 inflation rate was 10.59%. The inflation rate in 1796 was 6.38%. The 1796 inflation rate is higher compared to the average inflation rate of 2.14% per year between 1796 and 2019.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1796 was 10.00. It was 9.40 in the previous year, 1795. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

Inflation from 1795 to 1796
Average inflation rate 6.38%
Converted amount (£1 base) £1.06
Price difference (£1 base) £0.06
CPI in 1795 9.400
CPI in 1796 10.000
Inflation in 1795 10.59%
Inflation in 1796 6.38%

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

How to Calculate Inflation Rate for £1, 1795 to 1796

This inflation calculator uses the following inflation rate formula:

CPI in 1796CPI in 1795
1795 GBP value
1796 GBP value

Then plug in historical CPI values. The UK CPI was 9.4 in the year 1795 and 10 in 1796:


£1 in 1795 has the same "purchasing power" or "buying power" as £1.06 in 1796.

To get the total inflation rate for the 1 years between 1795 and 1796, we use the following formula:

CPI in 1796 - CPI in 1795CPI in 1795
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10 - 9.49.4

News headlines from 1795

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

  • The British capture Cape town.
  • The United States establishes its southern border after signing the Pinckney's Treaty between Spain and US. This treaty also gave America the right to navigate the Mississippi River
  • End of oligarchy in Amsterdam after a democratic revolution.

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 1796 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Apr. 2019,

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

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