Value of £1 from 1865 to 1891
£1 in 1865 is equivalent in purchasing power to about £0.99 in 1891, a difference of £-0.01 over 26 years. The pound had an average deflation rate of -0.04% per year since 1865, producing a cumulative price change of -1.11%.
This means that prices in 1891 are 1.11% lower than average prices since 1865, according to the Office for National Statistics composite price index.
The inflation rate in 1865 was 1.12%. The inflation rate in 1891 was 1.14%. The 1891 inflation rate is lower compared to the average inflation rate of 3.89% per year between 1891 and 2024.
⌃
| Cumulative price change | -1.11% |
| Average inflation rate | -0.04% |
| Converted amount £1 base | £0.99 |
| Price difference £1 base | £-0.01 |
| CPI in 1865 | 9.000 |
| CPI in 1891 | 8.900 |
| Inflation in 1865 | 1.12% |
| Inflation in 1891 | 1.14% |
| £1 in 1865 | £0.99 in 1891 |
Buying power of £1 in 1865
This chart shows a calculation of buying power equivalence for £1 in 1865 (price index tracking began in 1750).
For example, if you started with £1, you would need to end with £0.99 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
According to the Office for National Statistics, each of these GBP amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1865 amounts in 1891 pounds, based on the -1.11% change in prices:
| Initial value | Equivalent value |
|---|---|
| £1 pound in 1865 | £0.99 pounds in 1891 |
| £5 pounds in 1865 | £4.94 pounds in 1891 |
| £10 pounds in 1865 | £9.89 pounds in 1891 |
| £50 pounds in 1865 | £49.44 pounds in 1891 |
| £100 pounds in 1865 | £98.89 pounds in 1891 |
| £500 pounds in 1865 | £494.44 pounds in 1891 |
| £1,000 pounds in 1865 | £988.89 pounds in 1891 |
| £5,000 pounds in 1865 | £4,944.44 pounds in 1891 |
| £10,000 pounds in 1865 | £9,888.89 pounds in 1891 |
| £50,000 pounds in 1865 | £49,444.44 pounds in 1891 |
| £100,000 pounds in 1865 | £98,888.89 pounds in 1891 |
| £500,000 pounds in 1865 | £494,444.44 pounds in 1891 |
| £1,000,000 pounds in 1865 | £988,888.89 pounds in 1891 |
How to calculate inflation rate for £1, 1865 to 1891
Our calculations use the following inflation rate formula to calculate the change in value between 1865 and 1891:
CPI in 1891 CPI in 1865
×
1865 GBP value
=
1891 GBP value
Then plug in historical CPI values. The U.K. CPI was 9 in the year 1865 and 8.9 in 1891:
8.99
×
£1
=
£0.99
£1 in 1865 has the same "purchasing power" or "buying power" as £0.99 in 1891.
To get the total inflation rate for the 26 years between 1865 and 1891, we use the following formula:
CPI in 1891 - CPI in 1865CPI in 1865
×
100
=
Cumulative inflation rate (26 years)
Plugging in the values to this equation, we get:
8.9 - 99
×
100
=
-1%
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 the current year, which is based on The Bank of England's forecast.
You may use the following MLA citation for this page: “£1 in 1865 → 1891 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Nov. 2024, https://www.officialdata.org/uk/inflation/1865?amount=1&endYear=1891.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | -1.11% |
| Average inflation rate | -0.04% |
| Converted amount £1 base | £0.99 |
| Price difference £1 base | £-0.01 |
| CPI in 1865 | 9.000 |
| CPI in 1891 | 8.900 |
| Inflation in 1865 | 1.12% |
| Inflation in 1891 | 1.14% |
| £1 in 1865 | £0.99 in 1891 |