According to the Office for National Statistics composite price index, prices in 1996 are
10,852.73% higher than
average prices throughout 1762.
The pound experienced an average inflation rate of 2.03% per year during this period, meaning the real value of a dollar decreased.
In other words, £100 in 1762 is equivalent in purchasing power to about £10,952.73 in 1996, a difference of £10,852.73 over 234 years.
The 1762 inflation rate was 3.77%. The inflation rate in 1996 was 2.41%.
The 1996 inflation rate is lower compared to the average inflation rate of 2.74% per year between 1996 and 2019.
This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £100 in 1762 (price index tracking began in 1750).
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:
Year
Pound Value
Inflation Rate
1762
£100.00
3.77%
1763
£103.64
3.64%
1764
£112.73
8.77%
1765
£116.36
3.23%
1766
£118.18
1.56%
1767
£123.64
4.62%
1768
£121.82
-1.47%
1769
£112.73
-7.46%
1770
£112.73
0.00%
1771
£121.82
8.06%
1772
£134.55
10.45%
1773
£134.55
0.00%
1774
£136.36
1.35%
1775
£127.27
-6.67%
1776
£125.45
-1.43%
1777
£125.45
0.00%
1778
£129.09
2.90%
1779
£118.18
-8.45%
1780
£114.55
-3.08%
1781
£120.00
4.76%
1782
£121.82
1.52%
1783
£136.36
11.94%
1784
£138.18
1.33%
1785
£130.91
-5.26%
1786
£130.91
0.00%
1787
£130.91
0.00%
1788
£136.36
4.17%
1789
£134.55
-1.33%
1790
£136.36
1.35%
1791
£136.36
0.00%
1792
£138.18
1.33%
1793
£141.82
2.63%
1794
£154.55
8.97%
1795
£170.91
10.59%
1796
£181.82
6.38%
1797
£163.64
-10.00%
1798
£160.00
-2.22%
1799
£180.00
12.50%
1800
£245.45
36.36%
1801
£274.55
11.85%
1802
£210.91
-23.18%
1803
£200.00
-5.17%
1804
£205.45
2.73%
1805
£238.18
15.93%
1806
£229.09
-3.82%
1807
£223.64
-2.38%
1808
£232.73
4.07%
1809
£254.55
9.37%
1810
£261.82
2.86%
1811
£254.55
-2.78%
1812
£289.09
13.57%
1813
£296.36
2.52%
1814
£258.18
-12.88%
1815
£230.91
-10.56%
1816
£210.91
-8.66%
1817
£240.00
13.79%
1818
£240.00
0.00%
1819
£234.55
-2.27%
1820
£212.73
-9.30%
1821
£187.27
-11.97%
1822
£161.82
-13.59%
1823
£172.73
6.74%
1824
£187.27
8.42%
1825
£220.00
17.48%
1826
£207.27
-5.79%
1827
£194.55
-6.14%
1828
£189.09
-2.80%
1829
£187.27
-0.96%
1830
£180.00
-3.88%
1831
£198.18
10.10%
1832
£183.64
-7.34%
1833
£172.73
-5.94%
1834
£158.18
-8.42%
1835
£161.82
2.30%
1836
£180.00
11.24%
1837
£183.64
2.02%
1838
£185.45
0.99%
1839
£198.18
6.86%
1840
£201.82
1.83%
1841
£198.18
-1.80%
1842
£181.82
-8.26%
1843
£161.82
-11.00%
1844
£161.82
0.00%
1845
£169.09
4.49%
1846
£176.36
4.30%
1847
£198.18
12.37%
1848
£172.73
-12.84%
1849
£161.82
-6.32%
1850
£152.73
-5.62%
1851
£147.27
-3.57%
1852
£147.27
0.00%
1853
£161.82
9.88%
1854
£185.45
14.61%
1855
£190.91
2.94%
1856
£190.91
0.00%
1857
£181.82
-4.76%
1858
£165.45
-9.00%
1859
£163.64
-1.10%
1860
£169.09
3.33%
1861
£172.73
2.15%
1862
£169.09
-2.11%
1863
£163.64
-3.23%
1864
£161.82
-1.11%
1865
£163.64
1.12%
1866
£172.73
5.56%
1867
£183.64
6.32%
1868
£181.82
-0.99%
1869
£172.73
-5.00%
1870
£172.73
0.00%
1871
£174.55
1.05%
1872
£181.82
4.17%
1873
£189.09
4.00%
1874
£181.82
-3.85%
1875
£178.18
-2.00%
1876
£178.18
0.00%
1877
£176.36
-1.02%
1878
£172.73
-2.06%
1879
£165.45
-4.21%
1880
£170.91
3.30%
1881
£169.09
-1.06%
1882
£170.91
1.08%
1883
£169.09
-1.06%
1884
£165.45
-2.15%
1885
£160.00
-3.30%
1886
£158.18
-1.14%
1887
£156.36
-1.15%
1888
£158.18
1.16%
1889
£160.00
1.15%
1890
£160.00
0.00%
1891
£161.82
1.14%
1892
£161.82
0.00%
1893
£160.00
-1.12%
1894
£158.18
-1.14%
1895
£156.36
-1.15%
1896
£154.55
-1.16%
1897
£158.18
2.35%
1898
£158.18
0.00%
1899
£160.00
1.15%
1900
£167.27
4.55%
1901
£167.27
0.00%
1902
£167.27
0.00%
1903
£169.09
1.09%
1904
£169.09
0.00%
1905
£169.09
0.00%
1906
£169.09
0.00%
1907
£170.91
1.08%
1908
£170.91
0.00%
1909
£172.73
1.06%
1910
£174.55
1.05%
1911
£174.55
0.00%
1912
£180.00
3.13%
1913
£178.18
-1.01%
1914
£178.18
0.00%
1915
£200.00
12.24%
1916
£236.36
18.18%
1917
£296.36
25.38%
1918
£361.82
22.09%
1919
£398.18
10.05%
1920
£460.00
15.53%
1921
£420.00
-8.70%
1922
£361.82
-13.85%
1923
£340.00
-6.03%
1924
£338.18
-0.53%
1925
£338.18
0.00%
1926
£336.36
-0.54%
1927
£327.27
-2.70%
1928
£327.27
0.00%
1929
£323.64
-1.11%
1930
£314.55
-2.81%
1931
£301.82
-4.05%
1932
£294.55
-2.41%
1933
£287.27
-2.47%
1934
£287.27
0.00%
1935
£289.09
0.63%
1936
£290.91
0.63%
1937
£301.82
3.75%
1938
£305.45
1.20%
1939
£314.55
2.98%
1940
£367.27
16.76%
1941
£407.27
10.89%
1942
£436.36
7.14%
1943
£450.91
3.33%
1944
£463.64
2.82%
1945
£476.36
2.75%
1946
£490.91
3.05%
1947
£525.45
7.04%
1948
£565.45
7.61%
1949
£581.82
2.89%
1950
£600.00
3.13%
1951
£654.55
9.09%
1952
£714.55
9.17%
1953
£736.36
3.05%
1954
£750.91
1.98%
1955
£783.64
4.36%
1956
£823.64
5.10%
1957
£852.73
3.53%
1958
£880.00
3.20%
1959
£883.64
0.41%
1960
£892.73
1.03%
1961
£923.64
3.46%
1962
£963.64
4.33%
1963
£981.82
1.89%
1964
£1,014.55
3.33%
1965
£1,061.82
4.66%
1966
£1,103.64
3.94%
1967
£1,132.73
2.64%
1968
£1,185.45
4.65%
1969
£1,249.09
5.37%
1970
£1,329.09
6.40%
1971
£1,454.55
9.44%
1972
£1,558.18
7.13%
1973
£1,700.00
9.10%
1974
£1,972.73
16.04%
1975
£2,450.91
24.24%
1976
£2,856.36
16.54%
1977
£3,309.09
15.85%
1978
£3,583.64
8.30%
1979
£4,063.64
13.39%
1980
£4,794.55
17.99%
1981
£5,363.64
11.87%
1982
£5,825.45
8.61%
1983
£6,092.73
4.59%
1984
£6,396.36
4.98%
1985
£6,785.45
6.08%
1986
£7,016.36
3.40%
1987
£7,309.09
4.17%
1988
£7,667.27
4.90%
1989
£8,263.64
7.78%
1990
£9,045.45
9.46%
1991
£9,576.36
5.87%
1992
£9,934.55
3.74%
1993
£10,092.73
1.59%
1994
£10,336.36
2.41%
1995
£10,694.55
3.47%
1996
£10,952.73
2.41%
1997
£11,296.36
3.14%
1998
£11,683.64
3.43%
1999
£11,863.64
1.54%
2000
£12,214.55
2.96%
2001
£12,430.91
1.77%
2002
£12,638.18
1.67%
2003
£13,003.64
2.89%
2004
£13,390.91
2.98%
2005
£13,769.09
2.82%
2006
£14,209.09
3.20%
2007
£14,818.18
4.29%
2008
£15,409.09
3.99%
2009
£15,327.27
-0.53%
2010
£16,034.55
4.61%
2011
£16,869.09
5.20%
2012
£17,410.91
3.21%
2013
£17,940.00
3.04%
2014
£18,363.64
2.36%
2015
£18,545.45
0.99%
2016
£18,867.27
1.74%
2017
£19,543.64
3.58%
2018
£20,028.97
2.48%
2019
£20,389.49
1.80%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 228 more rows
How to Calculate Inflation Rate for £100, 1762 to 1996
This inflation calculator uses the following inflation rate formula:
CPI in 1996CPI in 1762
×
1762 GBP value
=
1996 GBP value
Then plug in historical CPI values. The UK CPI was 5.5 in the year 1762 and 602.4 in 1996:
602.45.5
×
£100
=
£10,952.73
£100 in 1762 has the same "purchasing power" or "buying power" as £10,952.73 in 1996.
To get the total inflation rate for the 234 years between 1762 and 1996, we use the following formula:
CPI in 1996 - CPI in 1762CPI in 1762
×
100
=
Cumulative inflation rate (234 years)
Plugging in the values to this equation, we get:
602.4 - 5.55.5
×
100
=
10,853%
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:
“1762 pounds in 1996 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Dec. 2019, https://www.officialdata.org/1762-GBP-in-1996.
Special thanks to QuickChart for providing downloadable chart images.
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.
