UK inflation rate in 1818: 0.00%

UK Inflation Calculator

£

Inflation in 1818 and Its Effect on Pound Value

Purchasing power decreased by 0.00% in 1818 compared to the previous year, 1817. On average, you would have to spend 0.00% more money in 1818 than in 1817 for the same item.

In other words, £1 in 1817 is equivalent in purchasing power to £1 in 1818.

The 1817 inflation rate was 13.79%. The inflation rate in 1818 was 0.00%. The 1818 inflation rate is lower compared to the average inflation rate of 2.24% per year between 1818 and 2018.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1818 was 13.2. It was 13.2 in the previous year, 1817. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.


Inflation from 1817 to 1818
Average inflation rate 0.00%
Converted amount (£1 base) £1
Price difference (£1 base) £0.00
CPI in 1817 13.200
CPI in 1818 13.200
Inflation in 1817 13.79%
Inflation in 1818 0.00%


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


How to Calculate Inflation Rate for £1, 1817 to 1818

This inflation calculator uses the following inflation rate formula:

CPI in 1818CPI in 1817
×
1817 GBP value
=
1818 GBP value

Then plug in historical CPI values. The UK CPI was 13.2 in the year 1817 and 13.2 in 1818:

13.213.2
×
£1
=
£1

£1 in 1817 has the same "purchasing power" or "buying power" as £1 in 1818.

To get the total inflation rate for the 1 years between 1817 and 1818, we use the following formula:

CPI in 1818 - CPI in 1817CPI in 1817
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

13.2 - 13.213.2
×
100
=
0%

News headlines from 1817

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

  • Jose de San Martin leads an army over the Andes to attack Spanish royalists in Chile.
  • The New York Stock exchange is founded.
  • Alexander Twilight became the first African American to graduate from a US college, Middlebury College, receiving a BA degree.
  • The first Evangelical church is built in New Berlin, Pennsylvania

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 1818 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Nov. 2018, https://www.officialdata.org/UK-inflation-rate-in-1818.

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


» Read more about inflation and investment.