UK inflation rate in 1883: -1.06%

UK Inflation Calculator


UK Inflation Rate, 1883-2017 (£1)

The composite price index (CPI) in 1883 was 9.3. the Office for National Statistics uses this CPI value to track inflation on a monthly basis.

According to the Office for National Statistics, the pound experienced an average inflation rate of 3.60% per year. Prices in 2017 are 11355.4% higher than prices in 1883.

In other words, £1 in the year 1883 is equivalent to £114.55 in 2017, a difference of £113.55 over 134 years.

The current inflation rate in 2017 is 2.70%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 1883 to 2017
Cumulative price change 11355.36%
Average inflation rate 3.60%
Price difference (£1 base) £113.55
CPI in 1883 9.3
CPI in 2017 1065.34818

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

How to calculate the inflation rate for £1 since 1883

Start with the inflation rate formula:

CPI in 2017 / CPI in 1883 * 1883 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 9.3 in the year 1883 and 1065.34818 in 2017:

1065.34818 / 9.3 * £1 = £114.55

£1 in 1883 has the same "purchasing power" as £114.55 in 2017.

News headlines from 1883

Politics and news often play an important role in economic performance.

  • The first electric lightning system employing overhead wires, is built by Thomas Edison.
  • Turkey and Europe are connected by rail; the Orient Express has its first run.
  • Brooklyn Bridge is opened by President Arthur and New York Governor Cleveland.

Inflation Data Source: This calculator uses 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.

» Read more about inflation.