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# UK inflation rate in 1908: 0.00%

### Inflation in 1908 and Its Effect on Pound Value

Purchasing power decreased by 0.00% in 1908 compared to 1907. On average, you would have to spend 0.00% more money in 1908 than in 1907 for the same item.

In other words, £1 in 1907 is equivalent in purchasing power to about £1 in 1908.

The 1907 inflation rate was 1.08%. The inflation rate in 1908 was 0.00%. The 1908 inflation rate is lower compared to the average inflation rate of 4.40% per year between 1908 and 2019.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1908 was 9.40. It was 9.40 in the previous year, 1907. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

 Average inflation rate 0.00% Converted amount (£1 base) £1 Price difference (£1 base) £0.00 CPI in 1907 9.400 CPI in 1908 9.400 Inflation in 1907 1.08% Inflation in 1908 0.00%

### How to Calculate Inflation Rate for £1, 1907 to 1908

This inflation calculator uses the following inflation rate formula:

CPI in 1908CPI in 1907
×
1907 GBP value
=
1908 GBP value

Then plug in historical CPI values. The UK CPI was 9.4 in the year 1907 and 9.4 in 1908:

9.49.4
×
£1
=
£1

£1 in 1907 has the same "purchasing power" or "buying power" as £1 in 1908.

To get the total inflation rate for the 1 years between 1907 and 1908, we use the following formula:

CPI in 1908 - CPI in 1907CPI in 1907
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.4 - 9.49.4
×
100
=
0%

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

• The first commercial transatlantic wireless service between Nova Scotia and Ireland is made by Guglielmo Marconi's company.
• A ‘Banker's Panic’ is caused by a US-wide run on banks.
• Psychiatrists Carl Gustav Jung and Sigmund Freud meet for the first time in Vienna.

### 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 1908 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jul. 2019, https://www.officialdata.org/UK-inflation-rate-in-1908.