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# UK inflation rate in 1858: -9.00%

### Inflation in 1858 and Its Effect on Pound Value

Purchasing power increased by 9.00% in 1858 compared to 1857. On average, you would have to spend 9.00% less money in 1858 than in 1857 for the same item. This is an example of deflation.

In other words, £1 in 1857 is equivalent in purchasing power to about £0.91 in 1858.

The 1857 inflation rate was -4.76%. The inflation rate in 1858 was -9.00%. The 1858 inflation rate is lower compared to the average inflation rate of 3.04% per year between 1858 and 2019.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1858 was 9.10. It was 10.00 in the previous year, 1857. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation. Because the 1858 CPI is less than 1857 CPI, negative inflation (also known as deflation) has occurred.

 Average inflation rate -9.00% Converted amount (£1 base) £0.91 Price difference (£1 base) £-0.09 CPI in 1857 10.000 CPI in 1858 9.100 Inflation in 1857 -4.76% Inflation in 1858 -9.00%

### How to Calculate Inflation Rate for £1, 1857 to 1858

This inflation calculator uses the following inflation rate formula:

CPI in 1858CPI in 1857
×
1857 GBP value
=
1858 GBP value

Then plug in historical CPI values. The UK CPI was 10 in the year 1857 and 9.1 in 1858:

9.110
×
£1
=
£0.91

£1 in 1857 has the same "purchasing power" or "buying power" as £0.91 in 1858.

To get the total inflation rate for the 1 years between 1857 and 1858, we use the following formula:

CPI in 1858 - CPI in 1857CPI in 1857
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.1 - 1010
×
100
=
-9%

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

• Foundation of the University of Calcutta as the first full-fledged university in South Asia.
• France and the UK declare war on China, in the Second Opium War.
• Africans denied US citizenship by a Supreme Court ruling (Dred Scott Decision).
• Queen Victoria awards the Victoria Cross to 62 recipients after the Crimean war.

### 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 1858 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Sep. 2019, https://www.officialdata.org/UK-inflation-rate-in-1858.