UK inflation rate in 1869: -5.00%

UK Inflation Calculator

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Inflation in 1869 and Its Effect on Pound Value

Purchasing power increased by 5.00% in 1869 compared to the previous year, 1868. On average, you would have to spend 5.00% less money in 1869 than in 1868 for the same item. This is an example of deflation.

In other words, £1 in 1868 is equivalent in purchasing power to £0.95 in 1869.

The 1868 inflation rate was -0.99%. The inflation rate in 1869 was -5.00%. The 1869 inflation rate is lower compared to the average inflation rate of 3.24% per year between 1869 and 2018.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1869 was 9.5. It was 10 in the previous year, 1868. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation. Because the 1869 CPI is less than 1868 CPI, negative inflation (also known as deflation) has occurred.


Inflation from 1868 to 1869
Average inflation rate -5.00%
Converted amount (£1 base) £0.95
Price difference (£1 base) £-0.05
CPI in 1868 10.000
CPI in 1869 9.500
Inflation in 1868 -0.99%
Inflation in 1869 -5.00%


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


How to Calculate Inflation Rate for £1, 1868 to 1869

This inflation calculator uses the following inflation rate formula:

CPI in 1869CPI in 1868
×
1868 GBP value
=
1869 GBP value

Then plug in historical CPI values. The UK CPI was 10 in the year 1868 and 9.5 in 1869:

9.510
×
£1
=
£0.95

£1 in 1868 has the same "purchasing power" or "buying power" as £0.95 in 1869.

To get the total inflation rate for the 1 years between 1868 and 1869, we use the following formula:

CPI in 1869 - CPI in 1868CPI in 1868
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.5 - 1010
×
100
=
-5%

News headlines from 1868

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

  • Impeachment of President Andrew Johnson is voted for by US House of Representatives 126 to 47.
  • Shogunate is abolished in Japan.
  • Christopher Latham Sholes patents the typewriter.

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 1869 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/UK-inflation-rate-in-1869.

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


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