UK inflation rate in 1870: 0.00%

UK Inflation Calculator

£

Inflation in 1870 and Its Effect on Pound Value

Purchasing power decreased by 0.00% in 1870 compared to the previous year, 1869. On average, you would have to spend 0.00% more money in 1870 than in 1869 for the same item.

In other words, £100 in 1869 is equivalent in purchasing power to £100 in 1870.

The 1869 inflation rate was -5.00%. The inflation rate in 1870 was 0.00%. The 1870 inflation rate is lower compared to the average inflation rate of 3.26% per year between 1870 and 2018.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1870 was 9.5. It was 9.5 in the previous year, 1869. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.


Inflation from 1869 to 1870
Average inflation rate 0.00%
Converted amount (£100 base) £100
Price difference (£100 base) £0.00
CPI in 1869 9.5
CPI in 1870 9.5
Inflation in 1869 -5.00%
Inflation in 1870 0.00%


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


How to Calculate Inflation Rate for £100, 1869 to 1870

This inflation calculator uses the following inflation rate formula:

CPI in 1870CPI in 1869
×
1869 GBP value
=
1870 GBP value

Then plug in historical CPI values. The UK CPI was 9.5 in the year 1869 and 9.5 in 1870:

9.59.5
×
£100
=
£100

£100 in 1869 has the same "purchasing power" or "buying power" as £100 in 1870.

To get the total inflation rate for the 1 years between 1869 and 1870, we use the following formula:

CPI in 1870 - CPI in 1869CPI in 1869
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.5 - 9.59.5
×
100
=
0%

News headlines from 1869

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

  • Postal stamps showing scenes are issued for the first time in the U.S.
  • Dmitri Mendeleev's presents the first periodic table of the elements to the Russian Chemical Society.
  • Wall Street panics when Gould and Fisk attempt to corner gold, in an event known as Black Friday.

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 1870 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Oct. 2018, https://www.officialdata.org/UK-inflation-rate-in-1870.

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


» Read more about inflation.