UK inflation rate in 1856: 0.00%

UK Inflation Calculator


UK Inflation Rate, 1856-2017 (£1)

The composite price index (CPI) in 1856 was 10.5. the Office for National Statistics uses this CPI value to track inflation on a monthly basis.

According to the Office for National Statistics, the pound experienced an average inflation rate of 2.91% per year. Prices in 2017 are 10046.2% higher than prices in 1856.

In other words, £1 in the year 1856 is equivalent to £101.46 in 2017, a difference of £100.46 over 161 years.

The current inflation rate in 2017 is 2.70%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 1856 to 2017
Cumulative price change 10046.17%
Average inflation rate 2.91%
Price difference (£1 base) £100.46
CPI in 1856 10.5
CPI in 2017 1065.34818

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

How to calculate the inflation rate for £1 since 1856

Start with the inflation rate formula:

CPI in 2017 / CPI in 1856 * 1856 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 10.5 in the year 1856 and 1065.34818 in 2017:

1065.34818 / 10.5 * £1 = £101.46

£1 in 1856 has the same "purchasing power" as £101.46 in 2017.

News headlines from 1856

Politics and news often play an important role in economic performance.

  • First piece of legislation providing for elections by a secret ballot, the Electoral Act, is passed by the colonial Tasmanian Parliament
  • The Crimean War ends after Russia signs a Peace treaty in Paris.
  • Opening of the first National Convention of the Republican Party in Philadelphia.
  • The Second Opium War, is triggered by the Arrow Incident on the Pearl River.

Inflation Data Source: This calculator uses 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.

» Read more about inflation.