According to the Office for National Statistics composite price index, prices in 2013 are 17,840.00% higher than average prices throughout 1762. The pound experienced an average inflation rate of 2.09% 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 £17,940 in 2013, a difference of £17,840.00 over 251 years.

The 1762 inflation rate was 3.77%. The inflation rate in 2013 was 3.04%. The 2013 inflation rate is higher compared to the average inflation rate of 2.16% per year between 2013 and 2019.

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Cumulative price change | 17,840.00% |

Average inflation rate | 2.09% |

Converted amount (£100 base) | £17,940 |

Price difference (£100 base) | £17,840.00 |

CPI in 1762 | 5.500 |

CPI in 2013 | 986.700 |

Inflation in 1762 | 3.77% |

Inflation in 2013 | 3.04% |

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:

This inflation calculator uses the following inflation rate formula:

CPI in 2013CPI in 1762

×

1762 GBP value

=

2013 GBP value

Then plug in historical CPI values. The UK CPI was 5.5 in the year 1762 and 986.7 in 2013:

986.75.5

×

£100

=

£100 in 1762 has the same "purchasing power" or "buying power" as £17,940 in 2013.

To get the total inflation rate for the 251 years between 1762 and 2013, we use the following formula:

CPI in 2013 - CPI in 1762CPI in 1762

×

100

=

Plugging in the values to this equation, we get:

986.7 - 5.55.5

×

100

=

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 2013 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 11 Dec. 2019, https://www.officialdata.org/1762-GBP-in-2013.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 17,840.00% |

Average inflation rate | 2.09% |

Converted amount (£100 base) | £17,940 |

Price difference (£100 base) | £17,840.00 |

CPI in 1762 | 5.500 |

CPI in 2013 | 986.700 |

Inflation in 1762 | 3.77% |

Inflation in 2013 | 3.04% |