£1 in 1785 → £1.39 in 1796

UK Inflation Calculator

£

£1 in 1785 → £1.39 in 1796

UK Inflation Rate, £1 in 1785 to 1796

According to the Office for National Statistics composite price index, prices in 1796 are 38.89% higher than average prices throughout 1785. The pound experienced an average inflation rate of 3.03% per year during this period, meaning the real value of a dollar decreased.

In other words, £1 in 1785 is equivalent in purchasing power to about £1.39 in 1796, a difference of £0.39 over 11 years.

The 1785 inflation rate was -5.26%. The inflation rate in 1796 was 6.38%. The 1796 inflation rate is higher compared to the average inflation rate of 2.14% per year between 1796 and 2019.


Inflation from 1785 to 1796
Cumulative price change 38.89%
Average inflation rate 3.03%
Converted amount (£1 base) £1.39
Price difference (£1 base) £0.39
CPI in 1785 7.200
CPI in 1796 10.000
Inflation in 1785 -5.26%
Inflation in 1796 6.38%

UK inflation chart from 1988 to 2017. Based on the UK Consumer Price Index.


Buying power of £1 in 1785

This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1785 (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
1785 £1.00 -5.26%
1786 £1.00 0.00%
1787 £1.00 0.00%
1788 £1.04 4.17%
1789 £1.03 -1.33%
1790 £1.04 1.35%
1791 £1.04 0.00%
1792 £1.06 1.33%
1793 £1.08 2.63%
1794 £1.18 8.97%
1795 £1.31 10.59%
1796 £1.39 6.38%
1797 £1.25 -10.00%
1798 £1.22 -2.22%
1799 £1.38 12.50%
1800 £1.88 36.36%
1801 £2.10 11.85%
1802 £1.61 -23.18%
1803 £1.53 -5.17%
1804 £1.57 2.73%
1805 £1.82 15.93%
1806 £1.75 -3.82%
1807 £1.71 -2.38%
1808 £1.78 4.07%
1809 £1.94 9.37%
1810 £2.00 2.86%
1811 £1.94 -2.78%
1812 £2.21 13.57%
1813 £2.26 2.52%
1814 £1.97 -12.88%
1815 £1.76 -10.56%
1816 £1.61 -8.66%
1817 £1.83 13.79%
1818 £1.83 0.00%
1819 £1.79 -2.27%
1820 £1.62 -9.30%
1821 £1.43 -11.97%
1822 £1.24 -13.59%
1823 £1.32 6.74%
1824 £1.43 8.42%
1825 £1.68 17.48%
1826 £1.58 -5.79%
1827 £1.49 -6.14%
1828 £1.44 -2.80%
1829 £1.43 -0.96%
1830 £1.38 -3.88%
1831 £1.51 10.10%
1832 £1.40 -7.34%
1833 £1.32 -5.94%
1834 £1.21 -8.42%
1835 £1.24 2.30%
1836 £1.38 11.24%
1837 £1.40 2.02%
1838 £1.42 0.99%
1839 £1.51 6.86%
1840 £1.54 1.83%
1841 £1.51 -1.80%
1842 £1.39 -8.26%
1843 £1.24 -11.00%
1844 £1.24 0.00%
1845 £1.29 4.49%
1846 £1.35 4.30%
1847 £1.51 12.37%
1848 £1.32 -12.84%
1849 £1.24 -6.32%
1850 £1.17 -5.62%
1851 £1.13 -3.57%
1852 £1.13 0.00%
1853 £1.24 9.88%
1854 £1.42 14.61%
1855 £1.46 2.94%
1856 £1.46 0.00%
1857 £1.39 -4.76%
1858 £1.26 -9.00%
1859 £1.25 -1.10%
1860 £1.29 3.33%
1861 £1.32 2.15%
1862 £1.29 -2.11%
1863 £1.25 -3.23%
1864 £1.24 -1.11%
1865 £1.25 1.12%
1866 £1.32 5.56%
1867 £1.40 6.32%
1868 £1.39 -0.99%
1869 £1.32 -5.00%
1870 £1.32 0.00%
1871 £1.33 1.05%
1872 £1.39 4.17%
1873 £1.44 4.00%
1874 £1.39 -3.85%
1875 £1.36 -2.00%
1876 £1.36 0.00%
1877 £1.35 -1.02%
1878 £1.32 -2.06%
1879 £1.26 -4.21%
1880 £1.31 3.30%
1881 £1.29 -1.06%
1882 £1.31 1.08%
1883 £1.29 -1.06%
1884 £1.26 -2.15%
1885 £1.22 -3.30%
1886 £1.21 -1.14%
1887 £1.19 -1.15%
1888 £1.21 1.16%
1889 £1.22 1.15%
1890 £1.22 0.00%
1891 £1.24 1.14%
1892 £1.24 0.00%
1893 £1.22 -1.12%
1894 £1.21 -1.14%
1895 £1.19 -1.15%
1896 £1.18 -1.16%
1897 £1.21 2.35%
1898 £1.21 0.00%
1899 £1.22 1.15%
1900 £1.28 4.55%
1901 £1.28 0.00%
1902 £1.28 0.00%
1903 £1.29 1.09%
1904 £1.29 0.00%
1905 £1.29 0.00%
1906 £1.29 0.00%
1907 £1.31 1.08%
1908 £1.31 0.00%
1909 £1.32 1.06%
1910 £1.33 1.05%
1911 £1.33 0.00%
1912 £1.38 3.13%
1913 £1.36 -1.01%
1914 £1.36 0.00%
1915 £1.53 12.24%
1916 £1.81 18.18%
1917 £2.26 25.38%
1918 £2.76 22.09%
1919 £3.04 10.05%
1920 £3.51 15.53%
1921 £3.21 -8.70%
1922 £2.76 -13.85%
1923 £2.60 -6.03%
1924 £2.58 -0.53%
1925 £2.58 0.00%
1926 £2.57 -0.54%
1927 £2.50 -2.70%
1928 £2.50 0.00%
1929 £2.47 -1.11%
1930 £2.40 -2.81%
1931 £2.31 -4.05%
1932 £2.25 -2.41%
1933 £2.19 -2.47%
1934 £2.19 0.00%
1935 £2.21 0.63%
1936 £2.22 0.63%
1937 £2.31 3.75%
1938 £2.33 1.20%
1939 £2.40 2.98%
1940 £2.81 16.76%
1941 £3.11 10.89%
1942 £3.33 7.14%
1943 £3.44 3.33%
1944 £3.54 2.82%
1945 £3.64 2.75%
1946 £3.75 3.05%
1947 £4.01 7.04%
1948 £4.32 7.61%
1949 £4.44 2.89%
1950 £4.58 3.13%
1951 £5.00 9.09%
1952 £5.46 9.17%
1953 £5.63 3.05%
1954 £5.74 1.98%
1955 £5.99 4.36%
1956 £6.29 5.10%
1957 £6.51 3.53%
1958 £6.72 3.20%
1959 £6.75 0.41%
1960 £6.82 1.03%
1961 £7.06 3.46%
1962 £7.36 4.33%
1963 £7.50 1.89%
1964 £7.75 3.33%
1965 £8.11 4.66%
1966 £8.43 3.94%
1967 £8.65 2.64%
1968 £9.06 4.65%
1969 £9.54 5.37%
1970 £10.15 6.40%
1971 £11.11 9.44%
1972 £11.90 7.13%
1973 £12.99 9.10%
1974 £15.07 16.04%
1975 £18.72 24.24%
1976 £21.82 16.54%
1977 £25.28 15.85%
1978 £27.38 8.30%
1979 £31.04 13.39%
1980 £36.63 17.99%
1981 £40.97 11.87%
1982 £44.50 8.61%
1983 £46.54 4.59%
1984 £48.86 4.98%
1985 £51.83 6.08%
1986 £53.60 3.40%
1987 £55.83 4.17%
1988 £58.57 4.90%
1989 £63.13 7.78%
1990 £69.10 9.46%
1991 £73.15 5.87%
1992 £75.89 3.74%
1993 £77.10 1.59%
1994 £78.96 2.41%
1995 £81.69 3.47%
1996 £83.67 2.41%
1997 £86.29 3.14%
1998 £89.25 3.43%
1999 £90.63 1.54%
2000 £93.31 2.96%
2001 £94.96 1.77%
2002 £96.54 1.67%
2003 £99.33 2.89%
2004 £102.29 2.98%
2005 £105.18 2.82%
2006 £108.54 3.20%
2007 £113.19 4.29%
2008 £117.71 3.99%
2009 £117.08 -0.53%
2010 £122.49 4.61%
2011 £128.86 5.20%
2012 £133.00 3.21%
2013 £137.04 3.04%
2014 £140.28 2.36%
2015 £141.67 0.99%
2016 £144.13 1.74%
2017 £149.29 3.58%
2018 £153.00 2.48%
2019 £155.75 1.80%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 5 more rows

How to Calculate Inflation Rate for £1, 1785 to 1796

This inflation calculator uses the following inflation rate formula:

CPI in 1796CPI in 1785
×
1785 GBP value
=
1796 GBP value

Then plug in historical CPI values. The UK CPI was 7.2 in the year 1785 and 10 in 1796:

107.2
×
£1
=
£1.39

£1 in 1785 has the same "purchasing power" or "buying power" as £1.39 in 1796.

To get the total inflation rate for the 11 years between 1785 and 1796, we use the following formula:

CPI in 1796 - CPI in 1785CPI in 1785
×
100
=
Cumulative inflation rate (11 years)

Plugging in the values to this equation, we get:

10 - 7.27.2
×
100
=
39%

News headlines from 1785

Politics and news often influence economic performance. Here's what was happening at the time:

  • The Times is published for the first time by John Walter of London
  • James Hutton's theory of uniformitarianism is read in public at the Royal Society of Edinburgh.
  • US currency named "dollar" and decimal coinage adopted by Congressional resolution

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 1785 → 1796 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Nov. 2019, https://www.officialdata.org/1785-GBP-in-1796?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1785 to 1796
Cumulative price change 38.89%
Average inflation rate 3.03%
Converted amount (£1 base) £1.39
Price difference (£1 base) £0.39
CPI in 1785 7.200
CPI in 1796 10.000
Inflation in 1785 -5.26%
Inflation in 1796 6.38%
Download Image