UK inflation rate in 1899: 1.15%

UK Inflation Calculator


UK Inflation Rate, 1899-2018 (£1)

The composite price index (CPI) in 1899 was 8.8. the Office for National Statistics uses this CPI value to track inflation on a monthly basis.

According to the Office for National Statistics composite price index, the pound experienced an average inflation rate of 4.14% per year. Prices in 2018 are 12361.3% higher than prices in 1899.

In other words, £1 in the year 1899 is equivalent in purchasing power to £124.61 in 2018, a difference of £123.61 over 119 years.

The current inflation rate in 2018 is 3.10%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 1899 to 2018
Cumulative price change 12361.27%
Average inflation rate 4.14%
Price difference (£1 base) £123.61
CPI in 1899 8.8
CPI in 2018 1096.59148

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

How to calculate the inflation rate for £1 since 1899

Start with the inflation rate formula:

CPI in 2018 / CPI in 1899 * 1899 GBP value = 2018 GBP value

Then plug in historical CPI values. The UK CPI was 8.8 in the year 1899 and 1096.59148 in 2018:

1096.59148 / 8.8 * £1 = £124.61

£1 in 1899 has the same "purchasing power" as £124.61 in 2018.

News headlines from 1899

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

  • Aspirin is patented by Felix Hoffmann at Bayer Company.
  • The bicycle is patented frame by an African-American inventor Issac Johnson.
  • Boers defeat British forces in a Battle of Ladysmith, which leads to the Siege of Ladysmith.
  • 1902 Marie and Pierre Curie isolate the radioactive element of chlorine.
  • Abdulaziz Ibn Saud and his 40 men, take over the city of Riyadh, which marked the beginning of the Third Saudi State.
  • US Court of appeals rules that Thomas Edison did not invent the movie camera.

Inflation Data Source

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 1899 | UK Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018,

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