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# £1 in 1755 → £1.04 in 1756

### UK Inflation Rate, £1 in 1755 to 1756

According to the Office for National Statistics composite price index, prices in 1756 are 4.00% higher than average prices throughout 1755. The pound experienced an average inflation rate of 4.00% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1755 is equivalent in purchasing power to about £1.04 in 1756.

The 1755 inflation rate was -5.66%. The inflation rate in 1756 was 4.00%. The 1756 inflation rate is higher compared to the average inflation rate of 2.06% per year between 1756 and 2019.

 Average inflation rate 4.00% Converted amount (£1 base) £1.04 Price difference (£1 base) £0.04 CPI in 1755 5.000 CPI in 1756 5.200 Inflation in 1755 -5.66% Inflation in 1756 4.00%

### How to Calculate Inflation Rate for £1, 1755 to 1756

This inflation calculator uses the following inflation rate formula:

CPI in 1756CPI in 1755
×
1755 GBP value
=
1756 GBP value

Then plug in historical CPI values. The UK CPI was 5 in the year 1755 and 5.2 in 1756:

5.25
×
£1
=
£1.04

£1 in 1755 has the same "purchasing power" or "buying power" as £1.04 in 1756.

To get the total inflation rate for the 1 years between 1755 and 1756, we use the following formula:

CPI in 1756 - CPI in 1755CPI in 1755
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

5.2 - 55
×
100
=
4%

### 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: “£1 in 1755 → 1756 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Dec. 2019, https://www.officialdata.org/1755-GBP-in-1756?amount=1.