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# UK inflation rate in 1882: 1.08%

### Inflation in 1882 and Its Effect on Pound Value

Purchasing power decreased by 1.08% in 1882 compared to 1881. On average, you would have to spend 1.08% more money in 1882 than in 1881 for the same item.

In other words, £1 in 1881 is equivalent in purchasing power to about £1.01 in 1882.

The 1881 inflation rate was -1.06%. The inflation rate in 1882 was 1.08%. The 1882 inflation rate is lower compared to the average inflation rate of 3.55% per year between 1882 and 2019.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1882 was 9.40. It was 9.30 in the previous year, 1881. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

 Average inflation rate 1.08% Converted amount (£1 base) £1.01 Price difference (£1 base) £0.01 CPI in 1881 9.300 CPI in 1882 9.400 Inflation in 1881 -1.06% Inflation in 1882 1.08%

### How to Calculate Inflation Rate for £1, 1881 to 1882

This inflation calculator uses the following inflation rate formula:

CPI in 1882CPI in 1881
×
1881 GBP value
=
1882 GBP value

Then plug in historical CPI values. The UK CPI was 9.3 in the year 1881 and 9.4 in 1882:

9.49.3
×
£1
=
£1.01

£1 in 1881 has the same "purchasing power" or "buying power" as £1.01 in 1882.

To get the total inflation rate for the 1 years between 1881 and 1882, we use the following formula:

CPI in 1882 - CPI in 1881CPI in 1881
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.4 - 9.39.3
×
100
=
1%

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

• Sioux Indian Chief Sitting Bull is surrendered to United States federal troops.
• The Oriental Telephone Company is formed by Thomas Edison and Alexander Graham Bell.
• First ever state prohibition of alcoholic beverages in Kansas.

### 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 1882 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Sep. 2019, https://www.officialdata.org/UK-inflation-rate-in-1882.