UK inflation rate in 1890: 0.00%

UK Inflation Calculator

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Inflation in 1890 and Its Effect on Pound Value

Purchasing power decreased by 0.00% in 1890 compared to the previous year, 1889. On average, you would have to spend 0.00% more money in 1890 than in 1889 for the same item.

In other words, £1 in 1889 is equivalent in purchasing power to £1 in 1890.

The 1889 inflation rate was 1.15%. The inflation rate in 1890 was 0.00%. The 1890 inflation rate is lower compared to the average inflation rate of 3.84% per year between 1890 and 2018.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1890 was 8.8. It was 8.8 in the previous year, 1889. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.


Inflation from 1889 to 1890
Average inflation rate 0.00%
Converted amount (£1 base) £1
Price difference (£1 base) £0.00
CPI in 1889 8.800
CPI in 1890 8.800
Inflation in 1889 1.15%
Inflation in 1890 0.00%


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


How to Calculate Inflation Rate for £1, 1889 to 1890

This inflation calculator uses the following inflation rate formula:

CPI in 1890CPI in 1889
×
1889 GBP value
=
1890 GBP value

Then plug in historical CPI values. The UK CPI was 8.8 in the year 1889 and 8.8 in 1890:

8.88.8
×
£1
=
£1

£1 in 1889 has the same "purchasing power" or "buying power" as £1 in 1890.

To get the total inflation rate for the 1 years between 1889 and 1890, we use the following formula:

CPI in 1890 - CPI in 1889CPI in 1889
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.8 - 8.88.8
×
100
=
0%

News headlines from 1889

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

  • George Eastman's Kodak flexible rolled films are sold for the first time.
  • The World Fair, "Exposition Universelle" opens in Paris, after the completion of the Eiffel Tower.
  • Nintendo Koppai is founded by Fusajiro Yamauchi, whose goal was to produce and market Hanafuda, card game. The company is today known as Nintendo Company, Limited

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 1890 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/UK-inflation-rate-in-1890.

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


» Read more about inflation and investment.