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# UK inflation rate in 1914: 0.00%

### Inflation in 1914 and Its Effect on Pound Value

Purchasing power decreased by 0.00% in 1914 compared to 1913. On average, you would have to spend 0.00% more money in 1914 than in 1913 for the same item.

In other words, £1 in 1913 is equivalent in purchasing power to about £1 in 1914.

The 1913 inflation rate was -1.01%. The inflation rate in 1914 was 0.00%. The 1914 inflation rate is lower compared to the average inflation rate of 4.62% per year between 1914 and 2019.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1914 was 9.80. It was 9.80 in the previous year, 1913. 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 1913 9.800 CPI in 1914 9.800 Inflation in 1913 -1.01% Inflation in 1914 0.00%

### How to Calculate Inflation Rate for £1, 1913 to 1914

This inflation calculator uses the following inflation rate formula:

CPI in 1914CPI in 1913
×
1913 GBP value
=
1914 GBP value

Then plug in historical CPI values. The UK CPI was 9.8 in the year 1913 and 9.8 in 1914:

9.89.8
×
£1
=
£1

£1 in 1913 has the same "purchasing power" or "buying power" as £1 in 1914.

To get the total inflation rate for the 1 years between 1913 and 1914, we use the following formula:

CPI in 1914 - CPI in 1913CPI in 1913
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.8 - 9.89.8
×
100
=
0%

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

• The House of Commons accepts Home Rule for Ireland.
• China's first parliament is opened in Beijing.
• The nation of Albania is formed.
• The Ford Motor Company introduces the first moving assembly line.

### 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 1914 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Oct. 2019, https://www.officialdata.org/UK-inflation-rate-in-1914.