UK inflation rate in 1807: -2.38%

UK Inflation Calculator

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Inflation in 1807 and Its Effect on Pound Value

Purchasing power increased by 2.38% in 1807 compared to the previous year, 1806. On average, you would have to spend 2.38% less money in 1807 than in 1806 for the same item. This is an example of deflation.

In other words, £1 in 1806 is equivalent in purchasing power to £0.98 in 1807.

The 1806 inflation rate was -3.82%. The inflation rate in 1807 was -2.38%. The 1807 inflation rate is lower compared to the average inflation rate of 2.15% per year between 1807 and 2018.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1807 was 12.3. It was 12.6 in the previous year, 1806. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation. Because the 1807 CPI is less than 1806 CPI, negative inflation (also known as deflation) has occurred.


Inflation from 1806 to 1807
Average inflation rate -2.38%
Converted amount (£1 base) £0.98
Price difference (£1 base) £-0.02
CPI in 1806 12.600
CPI in 1807 12.300
Inflation in 1806 -3.82%
Inflation in 1807 -2.38%


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


How to Calculate Inflation Rate for £1, 1806 to 1807

This inflation calculator uses the following inflation rate formula:

CPI in 1807CPI in 1806
×
1806 GBP value
=
1807 GBP value

Then plug in historical CPI values. The UK CPI was 12.6 in the year 1806 and 12.3 in 1807:

12.312.6
×
£1
=
£0.98

£1 in 1806 has the same "purchasing power" or "buying power" as £0.98 in 1807.

To get the total inflation rate for the 1 years between 1806 and 1807, we use the following formula:

CPI in 1807 - CPI in 1806CPI in 1806
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

12.3 - 12.612.6
×
100
=
-2%

News headlines from 1806

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

  • Cape colony was made a British colony
  • Discovery of an 105' whale skeleton in Oregon by Lewis and Clark
  • State funeral held for Admiral Viscount Horatio Nelson, who was entombed in St Paul's Cathedral in London
  • The original Lower Trenton Toll Bridge, spanning the Delaware River, is opened. The new bridge was opened in 1935 and is referred to as the Trenton Makes - the World Takes Bridge.

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 1807 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Dec. 2018, https://www.officialdata.org/UK-inflation-rate-in-1807.

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


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