UK inflation rate in 1835: 2.30%

UK Inflation Calculator

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Inflation in 1835 and Its Effect on Pound Value

Purchasing power decreased by 2.30% in 1835 compared to the previous year, 1834. On average, you would have to spend 2.30% more money in 1835 than in 1834 for the same item.

In other words, £100 in 1834 is equivalent in purchasing power to £102.30 in 1835.

The 1834 inflation rate was -8.42%. The inflation rate in 1835 was 2.30%. The 1835 inflation rate is lower compared to the average inflation rate of 2.67% per year between 1835 and 2018.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1835 was 8.9. It was 8.7 in the previous year, 1834. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.


Inflation from 1834 to 1835
Average inflation rate 2.30%
Converted amount (£100 base) £102.30
Price difference (£100 base) £2.30
CPI in 1834 8.7
CPI in 1835 8.9
Inflation in 1834 -8.42%
Inflation in 1835 2.30%


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


How to Calculate Inflation Rate for £100, 1834 to 1835

This inflation calculator uses the following inflation rate formula:

CPI in 1835CPI in 1834
×
1834 GBP value
=
1835 GBP value

Then plug in historical CPI values. The UK CPI was 8.7 in the year 1834 and 8.9 in 1835:

8.98.7
×
£100
=
£102.30

£100 in 1834 has the same "purchasing power" or "buying power" as £102.30 in 1835.

To get the total inflation rate for the 1 years between 1834 and 1835, we use the following formula:

CPI in 1835 - CPI in 1834CPI in 1834
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.9 - 8.78.7
×
100
=
2%

News headlines from 1834

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

  • Slavery is abolished throughout the British Empire.
  • Stephen F. Austin is imprisoned in Mexico City.
  • President Andrew Jackson, orders the first use of United States troops for suppressing a labour dispute.

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 1835 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Oct. 2018, https://www.officialdata.org/UK-inflation-rate-in-1835.

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


» Read more about inflation.