# £1 in 1770 is worth £1 in 1769

£

## Value of £1 from 1770 to 1769

The British pound experienced an average inflation rate of 0.00% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1770 is equivalent in purchasing power to about £1 in 1769.

The 1769 inflation rate was -7.46%. The inflation rate in 1770 was 0.00%. The 1770 inflation rate is lower compared to the average inflation rate of 2.11% per year between 1770 and 2020.

 Average inflation rate 0.00% Converted amount (£1 base) £1 Price difference (£1 base) £0.00 CPI in 1770 6.200 CPI in 1769 6.200 Inflation in 1769 -7.46% Inflation in 1770 0.00%

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

## How to Calculate Inflation Rate for £1, 1769 to 1770

Our calculations use the following inflation rate formula to calculate the change in value between 1769 and 1770:

CPI in 1769 CPI in 1770
×
1770 GBP value
=
1769 GBP value

Then plug in historical CPI values. The U.K. CPI was 6.2 in the year 1770 and 6.2 in 1769:

6.26.2
×
£1
=
£1

£1 in 1770 has the same "purchasing power" or "buying power" as £1 in 1769.

To get the total inflation rate for the 1 years between 1769 and 1770, we use the following formula:

CPI in 1769 - CPI in 1770CPI in 1770
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

6.2 - 6.26.2
×
100
=
0%

## 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 1770 → 1769 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Aug. 2020, https://www.officialdata.org/1770-GBP-in-1769?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.