UK inflation rate in 1905: 0.00%

UK Inflation Calculator

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UK Inflation Rate, 1905-2017 (£1)

The composite price index (CPI) in 1905 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 4.32% per year. Prices in 2017 are 11355.4% higher than prices in 1905.

In other words, £1 in the year 1905 is equivalent to £114.55 in 2017, a difference of £113.55 over 112 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 1905 to 2017
Cumulative price change 11355.36%
Average inflation rate 4.32%
Price difference (£1 base) £113.55
CPI in 1905 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 1905

Start with the inflation rate formula:

CPI in 2017 / CPI in 1905 * 1905 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 9.3 in the year 1905 and 1065.34818 in 2017:

1065.34818 / 9.3 * £1 = £114.55

£1 in 1905 has the same "purchasing power" as £114.55 in 2017.


News headlines from 1905

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

  • The Industrial Workers of the World is formed, it is an American anarcho-syndicalist union.
  • Bloody Sunday in Russia: troops fire and kill protesters, mostly workers, marching to the Winter Palace in order to hand a petition to the Tsar.
  • Potemkin's arrival at Odessa, leads to sailors joining civilians in the '1905 Revolution’.

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.