£100 in 1763 is worth £12,921.05 in 2004

Value of £100 from 1763 to 2004

£100 in 1763 is equivalent in purchasing power to about £12,921.05 in 2004, an increase of £12,821.05 over 241 years. The pound had an average inflation rate of 2.04% per year between 1763 and 2004, producing a cumulative price increase of 12,821.05%.

This means that prices in 2004 are 129.21 times as high as average prices since 1763, according to the Office for National Statistics composite price index.

The inflation rate in 1763 was 3.64%. The inflation rate in 2004 was 2.98%. The 2004 inflation rate is lower compared to the average inflation rate of 3.33% per year between 2004 and 2024.


Inflation from 1763 to 2004
Cumulative price change12,821.05%
Average inflation rate2.04%
Converted amount
£100 base
£12,921.05
Price difference
£100 base
£12,821.05
CPI in 17635.700
CPI in 2004736.500
Inflation in 17633.64%
Inflation in 20042.98%
£100 in 1763£12,921.05 in 2004

GBP inflation since 1763
Annual Rate, the Office for National Statistics CPI
Download

Buying power of £100 in 1763

This chart shows a calculation of buying power equivalence for £100 in 1763 (price index tracking began in 1750).

For example, if you started with £100, you would need to end with £12,921.05 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £100 is equivalent to £12,921.05 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 1763 dollars, the chart below shows how £100 is worth less over 241 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: 1763-2004
YearPound ValueInflation Rate
1763£100.003.64%
1764£108.778.77%
1765£112.283.23%
1766£114.041.56%
1767£119.304.62%
1768£117.54-1.47%
1769£108.77-7.46%
1770£108.770.00%
1771£117.548.06%
1772£129.8210.45%
1773£129.820.00%
1774£131.581.35%
1775£122.81-6.67%
1776£121.05-1.43%
1777£121.050.00%
1778£124.562.90%
1779£114.04-8.45%
1780£110.53-3.08%
1781£115.794.76%
1782£117.541.52%
1783£131.5811.94%
1784£133.331.33%
1785£126.32-5.26%
1786£126.320.00%
1787£126.320.00%
1788£131.584.17%
1789£129.82-1.33%
1790£131.581.35%
1791£131.580.00%
1792£133.331.33%
1793£136.842.63%
1794£149.128.97%
1795£164.9110.59%
1796£175.446.38%
1797£157.89-10.00%
1798£154.39-2.22%
1799£173.6812.50%
1800£236.8436.36%
1801£264.9111.85%
1802£203.51-23.18%
1803£192.98-5.17%
1804£198.252.73%
1805£229.8215.93%
1806£221.05-3.82%
1807£215.79-2.38%
1808£224.564.07%
1809£245.619.37%
1810£252.632.86%
1811£245.61-2.78%
1812£278.9513.57%
1813£285.962.52%
1814£249.12-12.88%
1815£222.81-10.56%
1816£203.51-8.66%
1817£231.5813.79%
1818£231.580.00%
1819£226.32-2.27%
1820£205.26-9.30%
1821£180.70-11.97%
1822£156.14-13.59%
1823£166.676.74%
1824£180.708.42%
1825£212.2817.48%
1826£200.00-5.79%
1827£187.72-6.14%
1828£182.46-2.80%
1829£180.70-0.96%
1830£173.68-3.88%
1831£191.2310.10%
1832£177.19-7.34%
1833£166.67-5.94%
1834£152.63-8.42%
1835£156.142.30%
1836£173.6811.24%
1837£177.192.02%
1838£178.950.99%
1839£191.236.86%
1840£194.741.83%
1841£191.23-1.80%
1842£175.44-8.26%
1843£156.14-11.00%
1844£156.140.00%
1845£163.164.49%
1846£170.184.30%
1847£191.2312.37%
1848£166.67-12.84%
1849£156.14-6.32%
1850£147.37-5.62%
1851£142.11-3.57%
1852£142.110.00%
1853£156.149.88%
1854£178.9514.61%
1855£184.212.94%
1856£184.210.00%
1857£175.44-4.76%
1858£159.65-9.00%
1859£157.89-1.10%
1860£163.163.33%
1861£166.672.15%
1862£163.16-2.11%
1863£157.89-3.23%
1864£156.14-1.11%
1865£157.891.12%
1866£166.675.56%
1867£177.196.32%
1868£175.44-0.99%
1869£166.67-5.00%
1870£166.670.00%
1871£168.421.05%
1872£175.444.17%
1873£182.464.00%
1874£175.44-3.85%
1875£171.93-2.00%
1876£171.930.00%
1877£170.18-1.02%
1878£166.67-2.06%
1879£159.65-4.21%
1880£164.913.30%
1881£163.16-1.06%
1882£164.911.08%
1883£163.16-1.06%
1884£159.65-2.15%
1885£154.39-3.30%
1886£152.63-1.14%
1887£150.88-1.15%
1888£152.631.16%
1889£154.391.15%
1890£154.390.00%
1891£156.141.14%
1892£156.140.00%
1893£154.39-1.12%
1894£152.63-1.14%
1895£150.88-1.15%
1896£149.12-1.16%
1897£152.632.35%
1898£152.630.00%
1899£154.391.15%
1900£161.404.55%
1901£161.400.00%
1902£161.400.00%
1903£163.161.09%
1904£163.160.00%
1905£163.160.00%
1906£163.160.00%
1907£164.911.08%
1908£164.910.00%
1909£166.671.06%
1910£168.421.05%
1911£168.420.00%
1912£173.683.13%
1913£171.93-1.01%
1914£171.930.00%
1915£192.9812.24%
1916£228.0718.18%
1917£285.9625.38%
1918£349.1222.09%
1919£384.2110.05%
1920£443.8615.53%
1921£405.26-8.70%
1922£349.12-13.85%
1923£328.07-6.03%
1924£326.32-0.53%
1925£326.320.00%
1926£324.56-0.54%
1927£315.79-2.70%
1928£315.790.00%
1929£312.28-1.11%
1930£303.51-2.81%
1931£291.23-4.05%
1932£284.21-2.41%
1933£277.19-2.47%
1934£277.190.00%
1935£278.950.63%
1936£280.700.63%
1937£291.233.75%
1938£294.741.20%
1939£303.512.98%
1940£354.3916.76%
1941£392.9810.89%
1942£421.057.14%
1943£435.093.33%
1944£447.372.82%
1945£459.652.75%
1946£473.683.05%
1947£507.027.04%
1948£545.617.61%
1949£561.402.89%
1950£578.953.13%
1951£631.589.09%
1952£689.479.17%
1953£710.533.05%
1954£724.561.98%
1955£756.144.36%
1956£794.745.10%
1957£822.813.53%
1958£849.123.20%
1959£852.630.41%
1960£861.401.03%
1961£891.233.46%
1962£929.824.33%
1963£947.371.89%
1964£978.953.33%
1965£1,024.564.66%
1966£1,064.913.94%
1967£1,092.982.64%
1968£1,143.864.65%
1969£1,205.265.37%
1970£1,282.466.40%
1971£1,403.519.44%
1972£1,503.517.13%
1973£1,640.359.10%
1974£1,903.5116.04%
1975£2,364.9124.24%
1976£2,756.1416.54%
1977£3,192.9815.85%
1978£3,457.898.30%
1979£3,921.0513.39%
1980£4,626.3217.99%
1981£5,175.4411.87%
1982£5,621.058.61%
1983£5,878.954.59%
1984£6,171.934.98%
1985£6,547.376.08%
1986£6,770.183.40%
1987£7,052.634.17%
1988£7,398.254.90%
1989£7,973.687.78%
1990£8,728.079.46%
1991£9,240.355.87%
1992£9,585.963.74%
1993£9,738.601.59%
1994£9,973.682.41%
1995£10,319.303.47%
1996£10,568.422.41%
1997£10,900.003.14%
1998£11,273.683.43%
1999£11,447.371.54%
2000£11,785.962.96%
2001£11,994.741.77%
2002£12,194.741.67%
2003£12,547.372.89%
2004£12,921.052.98%
2005£13,285.962.82%
2006£13,710.533.20%
2007£14,298.254.29%
2008£14,868.423.99%
2009£14,789.47-0.53%
2010£15,471.934.61%
2011£16,277.195.20%
2012£16,800.003.21%
2013£17,310.533.04%
2014£17,719.302.36%
2015£17,894.740.99%
2016£18,205.261.74%
2017£18,857.893.58%
2018£19,367.062.70%
2019£19,851.232.50%
2020£20,208.561.80%
2021£20,712.092.49%
2022£22,348.347.90%
2023£23,928.827.07%
2024£24,862.043.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 235 more rows

This conversion table shows various other 1763 amounts in 2004 pounds, based on the 12,821.05% change in prices:

Conversion: 1763 pounds in 2004
Initial valueEquivalent value
£1 pound in 1763£129.21 pounds in 2004
£5 pounds in 1763£646.05 pounds in 2004
£10 pounds in 1763£1,292.11 pounds in 2004
£50 pounds in 1763£6,460.53 pounds in 2004
£100 pounds in 1763£12,921.05 pounds in 2004
£500 pounds in 1763£64,605.26 pounds in 2004
£1,000 pounds in 1763£129,210.53 pounds in 2004
£5,000 pounds in 1763£646,052.63 pounds in 2004
£10,000 pounds in 1763£1,292,105.26 pounds in 2004
£50,000 pounds in 1763£6,460,526.32 pounds in 2004
£100,000 pounds in 1763£12,921,052.63 pounds in 2004
£500,000 pounds in 1763£64,605,263.16 pounds in 2004
£1,000,000 pounds in 1763£129,210,526.32 pounds in 2004

How to calculate inflation rate for £100, 1763 to 2004

Our calculations use the following inflation rate formula to calculate the change in value between 1763 and 2004:

CPI in 2004 CPI in 1763
×
1763 GBP value
=
2004 GBP value

Then plug in historical CPI values. The U.K. CPI was 5.7 in the year 1763 and 736.5 in 2004:

736.55.7
×
£100
=
£12,921.05

£100 in 1763 has the same "purchasing power" or "buying power" as £12,921.05 in 2004.

To get the total inflation rate for the 241 years between 1763 and 2004, we use the following formula:

CPI in 2004 - CPI in 1763CPI in 1763
×
100
=
Cumulative inflation rate (241 years)

Plugging in the values to this equation, we get:

736.5 - 5.75.7
×
100
=
12,821%

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: “1763 pounds in 2004 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Mar. 2024, https://www.officialdata.org/1763-GBP-in-2004.

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 1763 to 2004
Cumulative price change12,821.05%
Average inflation rate2.04%
Converted amount
£100 base
£12,921.05
Price difference
£100 base
£12,821.05
CPI in 17635.700
CPI in 2004736.500
Inflation in 17633.64%
Inflation in 20042.98%
£100 in 1763£12,921.05 in 2004