£1 in 1761 is worth £1.21 in 1765

Value of £1 from 1761 to 1765

According to the Office for National Statistics composite price index, prices in 1765 are 20.75% higher than average prices since 1761. The British pound experienced an average inflation rate of 4.83% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1761 is equivalent in purchasing power to about £1.21 in 1765, a difference of £0.21 over 4 years.

The 1761 inflation rate was -5.36%. The inflation rate in 1765 was 3.23%. The 1765 inflation rate is higher compared to the average inflation rate of 2.05% per year between 1765 and 2020.


Inflation from 1761 to 1765
Cumulative price change 20.75%
Average inflation rate 4.83%
Converted amount (£1 base) £1.21
Price difference (£1 base) £0.21
CPI in 1761 5.300
CPI in 1765 6.400
Inflation in 1761 -5.36%
Inflation in 1765 3.23%

GBP Inflation since 1750
Annual Rate, the Office for National Statistics CPI
Download

Buying power of £1 in 1761

This chart shows a calculation of buying power equivalence for £1 in 1761 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.21 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.21 over time, that means that the "real value" of a single U.K. pound decreases over time. In other words, a pound will pay for fewer items at the store.

This effect explains how inflation erodes the value of a pound over time. By calculating the value in 1761 dollars, the chart below shows how £1 is worth less over 4 years.

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:

Pound inflation: 1761-1765
Year Pound Value Inflation Rate
1761 £1.00 -5.36%
1762 £1.04 3.77%
1763 £1.08 3.64%
1764 £1.17 8.77%
1765 £1.21 3.23%
1766 £1.23 1.56%
1767 £1.28 4.62%
1768 £1.26 -1.47%
1769 £1.17 -7.46%
1770 £1.17 0.00%
1771 £1.26 8.06%
1772 £1.40 10.45%
1773 £1.40 0.00%
1774 £1.42 1.35%
1775 £1.32 -6.67%
1776 £1.30 -1.43%
1777 £1.30 0.00%
1778 £1.34 2.90%
1779 £1.23 -8.45%
1780 £1.19 -3.08%
1781 £1.25 4.76%
1782 £1.26 1.52%
1783 £1.42 11.94%
1784 £1.43 1.33%
1785 £1.36 -5.26%
1786 £1.36 0.00%
1787 £1.36 0.00%
1788 £1.42 4.17%
1789 £1.40 -1.33%
1790 £1.42 1.35%
1791 £1.42 0.00%
1792 £1.43 1.33%
1793 £1.47 2.63%
1794 £1.60 8.97%
1795 £1.77 10.59%
1796 £1.89 6.38%
1797 £1.70 -10.00%
1798 £1.66 -2.22%
1799 £1.87 12.50%
1800 £2.55 36.36%
1801 £2.85 11.85%
1802 £2.19 -23.18%
1803 £2.08 -5.17%
1804 £2.13 2.73%
1805 £2.47 15.93%
1806 £2.38 -3.82%
1807 £2.32 -2.38%
1808 £2.42 4.07%
1809 £2.64 9.37%
1810 £2.72 2.86%
1811 £2.64 -2.78%
1812 £3.00 13.57%
1813 £3.08 2.52%
1814 £2.68 -12.88%
1815 £2.40 -10.56%
1816 £2.19 -8.66%
1817 £2.49 13.79%
1818 £2.49 0.00%
1819 £2.43 -2.27%
1820 £2.21 -9.30%
1821 £1.94 -11.97%
1822 £1.68 -13.59%
1823 £1.79 6.74%
1824 £1.94 8.42%
1825 £2.28 17.48%
1826 £2.15 -5.79%
1827 £2.02 -6.14%
1828 £1.96 -2.80%
1829 £1.94 -0.96%
1830 £1.87 -3.88%
1831 £2.06 10.10%
1832 £1.91 -7.34%
1833 £1.79 -5.94%
1834 £1.64 -8.42%
1835 £1.68 2.30%
1836 £1.87 11.24%
1837 £1.91 2.02%
1838 £1.92 0.99%
1839 £2.06 6.86%
1840 £2.09 1.83%
1841 £2.06 -1.80%
1842 £1.89 -8.26%
1843 £1.68 -11.00%
1844 £1.68 0.00%
1845 £1.75 4.49%
1846 £1.83 4.30%
1847 £2.06 12.37%
1848 £1.79 -12.84%
1849 £1.68 -6.32%
1850 £1.58 -5.62%
1851 £1.53 -3.57%
1852 £1.53 0.00%
1853 £1.68 9.88%
1854 £1.92 14.61%
1855 £1.98 2.94%
1856 £1.98 0.00%
1857 £1.89 -4.76%
1858 £1.72 -9.00%
1859 £1.70 -1.10%
1860 £1.75 3.33%
1861 £1.79 2.15%
1862 £1.75 -2.11%
1863 £1.70 -3.23%
1864 £1.68 -1.11%
1865 £1.70 1.12%
1866 £1.79 5.56%
1867 £1.91 6.32%
1868 £1.89 -0.99%
1869 £1.79 -5.00%
1870 £1.79 0.00%
1871 £1.81 1.05%
1872 £1.89 4.17%
1873 £1.96 4.00%
1874 £1.89 -3.85%
1875 £1.85 -2.00%
1876 £1.85 0.00%
1877 £1.83 -1.02%
1878 £1.79 -2.06%
1879 £1.72 -4.21%
1880 £1.77 3.30%
1881 £1.75 -1.06%
1882 £1.77 1.08%
1883 £1.75 -1.06%
1884 £1.72 -2.15%
1885 £1.66 -3.30%
1886 £1.64 -1.14%
1887 £1.62 -1.15%
1888 £1.64 1.16%
1889 £1.66 1.15%
1890 £1.66 0.00%
1891 £1.68 1.14%
1892 £1.68 0.00%
1893 £1.66 -1.12%
1894 £1.64 -1.14%
1895 £1.62 -1.15%
1896 £1.60 -1.16%
1897 £1.64 2.35%
1898 £1.64 0.00%
1899 £1.66 1.15%
1900 £1.74 4.55%
1901 £1.74 0.00%
1902 £1.74 0.00%
1903 £1.75 1.09%
1904 £1.75 0.00%
1905 £1.75 0.00%
1906 £1.75 0.00%
1907 £1.77 1.08%
1908 £1.77 0.00%
1909 £1.79 1.06%
1910 £1.81 1.05%
1911 £1.81 0.00%
1912 £1.87 3.13%
1913 £1.85 -1.01%
1914 £1.85 0.00%
1915 £2.08 12.24%
1916 £2.45 18.18%
1917 £3.08 25.38%
1918 £3.75 22.09%
1919 £4.13 10.05%
1920 £4.77 15.53%
1921 £4.36 -8.70%
1922 £3.75 -13.85%
1923 £3.53 -6.03%
1924 £3.51 -0.53%
1925 £3.51 0.00%
1926 £3.49 -0.54%
1927 £3.40 -2.70%
1928 £3.40 0.00%
1929 £3.36 -1.11%
1930 £3.26 -2.81%
1931 £3.13 -4.05%
1932 £3.06 -2.41%
1933 £2.98 -2.47%
1934 £2.98 0.00%
1935 £3.00 0.63%
1936 £3.02 0.63%
1937 £3.13 3.75%
1938 £3.17 1.20%
1939 £3.26 2.98%
1940 £3.81 16.76%
1941 £4.23 10.89%
1942 £4.53 7.14%
1943 £4.68 3.33%
1944 £4.81 2.82%
1945 £4.94 2.75%
1946 £5.09 3.05%
1947 £5.45 7.04%
1948 £5.87 7.61%
1949 £6.04 2.89%
1950 £6.23 3.13%
1951 £6.79 9.09%
1952 £7.42 9.17%
1953 £7.64 3.05%
1954 £7.79 1.98%
1955 £8.13 4.36%
1956 £8.55 5.10%
1957 £8.85 3.53%
1958 £9.13 3.20%
1959 £9.17 0.41%
1960 £9.26 1.03%
1961 £9.58 3.46%
1962 £10.00 4.33%
1963 £10.19 1.89%
1964 £10.53 3.33%
1965 £11.02 4.66%
1966 £11.45 3.94%
1967 £11.75 2.64%
1968 £12.30 4.65%
1969 £12.96 5.37%
1970 £13.79 6.40%
1971 £15.09 9.44%
1972 £16.17 7.13%
1973 £17.64 9.10%
1974 £20.47 16.04%
1975 £25.43 24.24%
1976 £29.64 16.54%
1977 £34.34 15.85%
1978 £37.19 8.30%
1979 £42.17 13.39%
1980 £49.75 17.99%
1981 £55.66 11.87%
1982 £60.45 8.61%
1983 £63.23 4.59%
1984 £66.38 4.98%
1985 £70.42 6.08%
1986 £72.81 3.40%
1987 £75.85 4.17%
1988 £79.57 4.90%
1989 £85.75 7.78%
1990 £93.87 9.46%
1991 £99.38 5.87%
1992 £103.09 3.74%
1993 £104.74 1.59%
1994 £107.26 2.41%
1995 £110.98 3.47%
1996 £113.66 2.41%
1997 £117.23 3.14%
1998 £121.25 3.43%
1999 £123.11 1.54%
2000 £126.75 2.96%
2001 £129.00 1.77%
2002 £131.15 1.67%
2003 £134.94 2.89%
2004 £138.96 2.98%
2005 £142.89 2.82%
2006 £147.45 3.20%
2007 £153.77 4.29%
2008 £159.91 3.99%
2009 £159.06 -0.53%
2010 £166.40 4.61%
2011 £175.06 5.20%
2012 £180.68 3.21%
2013 £186.17 3.04%
2014 £190.57 2.36%
2015 £192.45 0.99%
2016 £195.79 1.74%
2017 £202.81 3.58%
2018 £207.85 2.48%
2019 £211.59 1.80%
2020 £214.76 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1761 amounts in 1765 pounds, based on the 20.75% change in prices:

Conversion Table: Value of a pound in 1765
Initial value Equivalent value
£1 pound in 1761 £1.21 pounds in 1765
£5 pounds in 1761 £6.04 pounds in 1765
£10 pounds in 1761 £12.08 pounds in 1765
£50 pounds in 1761 £60.38 pounds in 1765
£100 pounds in 1761 £120.75 pounds in 1765
£500 pounds in 1761 £603.77 pounds in 1765
£1,000 pounds in 1761 £1,207.55 pounds in 1765
£5,000 pounds in 1761 £6,037.74 pounds in 1765
£10,000 pounds in 1761 £12,075.47 pounds in 1765
£50,000 pounds in 1761 £60,377.36 pounds in 1765
£100,000 pounds in 1761 £120,754.72 pounds in 1765
£500,000 pounds in 1761 £603,773.58 pounds in 1765
£1,000,000 pounds in 1761 £1,207,547.17 pounds in 1765

How to Calculate Inflation Rate for £1, 1761 to 1765

Our calculations use the following inflation rate formula to calculate the change in value between 1761 and 1765:

CPI in 1765 CPI in 1761
×
1761 GBP value
=
1765 GBP value

Then plug in historical CPI values. The U.K. CPI was 5.3 in the year 1761 and 6.4 in 1765:

6.45.3
×
£1
=
£1.21

£1 in 1761 has the same "purchasing power" or "buying power" as £1.21 in 1765.

To get the total inflation rate for the 4 years between 1761 and 1765, we use the following formula:

CPI in 1765 - CPI in 1761CPI in 1761
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

6.4 - 5.35.3
×
100
=
21%

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 1761 → 1765 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 11 Jul. 2020, https://www.officialdata.org/1761-GBP-in-1765?amount=1.

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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1761 to 1765
Cumulative price change 20.75%
Average inflation rate 4.83%
Converted amount (£1 base) £1.21
Price difference (£1 base) £0.21
CPI in 1761 5.300
CPI in 1765 6.400
Inflation in 1761 -5.36%
Inflation in 1765 3.23%