UK inflation rate in 1980: 17.99%

UK Inflation Calculator


UK Inflation Rate, 1980-2017 (£1)

The composite price index (CPI) in 1980 was 263.7. 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 3.85% per year. Prices in 2017 are 304.0% higher than prices in 1980.

In other words, £1 in the year 1980 is equivalent to £4.04 in 2017, a difference of £3.04 over 37 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 1980 to 2017
Cumulative price change 304.00%
Average inflation rate 3.85%
Price difference (£1 base) £3.04
CPI in 1980 263.7
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 1980

Start with the inflation rate formula:

CPI in 2017 / CPI in 1980 * 1980 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 263.7 in the year 1980 and 1065.34818 in 2017:

1065.34818 / 263.7 * £1 = £4.04

£1 in 1980 has the same "purchasing power" as £4.04 in 2017.

News headlines from 1980

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

  • Princess Victoria is crowned Princess of Sweden.
  • Iranian protesters storm the Russian embassy in Iran.
  • Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
  • Cable News Network (CNN) is transmitted for the first time.
  • Saddam Hussein, President of Iraq, declares a holy war on Iran.

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.