UK inflation rate in 1807: -2.38%

UK Inflation Calculator

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UK Inflation Rate, 1807-2018 (£1)

The composite price index (CPI) in 1807 was 12.3. the Office for National Statistics uses this CPI value to track inflation on a monthly basis.

According to the Office for National Statistics composite price index, the pound experienced an average inflation rate of 2.15% per year. Prices in 2018 are 8815.4% higher than prices in 1807.

In other words, £1 in the year 1807 is equivalent in purchasing power to £89.15 in 2018, a difference of £88.15 over 211 years.

The current inflation rate in 2018 is 3.10%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 1807 to 2018
Cumulative price change 8815.38%
Average inflation rate 2.15%
Price difference (£1 base) £88.15
CPI in 1807 12.3
CPI in 2018 1096.59148


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


How to calculate the inflation rate for £1 since 1807

Start with the inflation rate formula:

CPI in 2018 / CPI in 1807 * 1807 GBP value = 2018 GBP value

Then plug in historical CPI values. The UK CPI was 12.3 in the year 1807 and 1096.59148 in 2018:

1096.59148 / 12.3 * £1 = £89.15

£1 in 1807 has the same "purchasing power" as £89.15 in 2018.


News headlines from 1807

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

  • The first gaslight street lightning installed in London's Pall Mall.
  • The Eylau battle between Napoleon and the Russian empire ends without a conclusive result: it is the first battle that Napoleon did not win.
  • The US Congress announces a ban on the slave trade within America.
  • Britain officially abolishes slavery within its empire, with a penalty fine of £120 per slave for ship captains.

Inflation Data Source

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 1807 | UK Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/UK-inflation-rate-in-1807.


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