£

# UK inflation rate in 1880: 3.30%

### Inflation in 1880 and Its Effect on Pound Value

Purchasing power decreased by 3.30% in 1880 compared to 1879. On average, you would have to spend 3.30% more money in 1880 than in 1879 for the same item.

In other words, £1 in 1879 is equivalent in purchasing power to about £1.03 in 1880.

The 1879 inflation rate was -4.21%. The inflation rate in 1880 was 3.30%. The 1880 inflation rate is lower compared to the average inflation rate of 3.50% per year between 1880 and 2019.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1880 was 9.40. It was 9.10 in the previous year, 1879. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

 Average inflation rate 3.30% Converted amount (£1 base) £1.03 Price difference (£1 base) £0.03 CPI in 1879 9.100 CPI in 1880 9.400 Inflation in 1879 -4.21% Inflation in 1880 3.30%

### How to Calculate Inflation Rate for £1, 1879 to 1880

This inflation calculator uses the following inflation rate formula:

CPI in 1880CPI in 1879
×
1879 GBP value
=
1880 GBP value

Then plug in historical CPI values. The UK CPI was 9.1 in the year 1879 and 9.4 in 1880:

9.49.1
×
£1
=
£1.03

£1 in 1879 has the same "purchasing power" or "buying power" as £1.03 in 1880.

To get the total inflation rate for the 1 years between 1879 and 1880, we use the following formula:

CPI in 1880 - CPI in 1879CPI in 1879
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.4 - 9.19.1
×
100
=
3%

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

• British garrison of 150 holds off Yulu warriors 3,000 to 4,000 strong in the Battle of Rorke's Drift. Defenders were awarded 11 Victoria Crosses and other decorations
• Peru declares war on Bolivia signalling the start of the Pacific War.
• Thomas Elkins, an African American inventor, patents refrigerating apparatus.

### 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 1880 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Oct. 2019, https://www.officialdata.org/UK-inflation-rate-in-1880.