£

# £1 in 1800 → £0.74 in 1796

### U.K. Inflation Rate, £1 in 1800 to 1796

According to the Office for National Statistics composite price index, prices in 1796 are 25.93% lower than average prices since 1800. The British pound experienced an average inflation rate of 7.79% per year during this period, meaning the real value of a pound decreased.

In other words, £1 in 1800 is equivalent in purchasing power to about £0.74 in 1796, a difference of £-0.26 over 4 years.

The 1796 inflation rate was 6.38%. The inflation rate in 1800 was 36.36%. The 1800 inflation rate is higher compared to the average inflation rate of 2.04% per year between 1800 and 2020.

 Cumulative price change -25.93% Average inflation rate 7.79% Converted amount (£1 base) £0.74 Price difference (£1 base) £-0.26 CPI in 1800 13.500 CPI in 1796 10.000 Inflation in 1796 6.38% Inflation in 1800 36.36%

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

### Buying power of £1 in 1796

This chart shows a calculation of buying power equivalence for £1 in 1796 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £0.74 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £0.74 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 1796 dollars, the chart below shows how £1 buys less over the past 4 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:

Year Pound Value Inflation Rate
1796 £1.00 6.38%
1797 £0.90 -10.00%
1798 £0.88 -2.22%
1799 £0.99 12.50%
1800 £1.35 36.36%
1801 £1.51 11.85%
1802 £1.16 -23.18%
1803 £1.10 -5.17%
1804 £1.13 2.73%
1805 £1.31 15.93%
1806 £1.26 -3.82%
1807 £1.23 -2.38%
1808 £1.28 4.07%
1809 £1.40 9.37%
1810 £1.44 2.86%
1811 £1.40 -2.78%
1812 £1.59 13.57%
1813 £1.63 2.52%
1814 £1.42 -12.88%
1815 £1.27 -10.56%
1816 £1.16 -8.66%
1817 £1.32 13.79%
1818 £1.32 0.00%
1819 £1.29 -2.27%
1820 £1.17 -9.30%
1821 £1.03 -11.97%
1822 £0.89 -13.59%
1823 £0.95 6.74%
1824 £1.03 8.42%
1825 £1.21 17.48%
1826 £1.14 -5.79%
1827 £1.07 -6.14%
1828 £1.04 -2.80%
1829 £1.03 -0.96%
1830 £0.99 -3.88%
1831 £1.09 10.10%
1832 £1.01 -7.34%
1833 £0.95 -5.94%
1834 £0.87 -8.42%
1835 £0.89 2.30%
1836 £0.99 11.24%
1837 £1.01 2.02%
1838 £1.02 0.99%
1839 £1.09 6.86%
1840 £1.11 1.83%
1841 £1.09 -1.80%
1842 £1.00 -8.26%
1843 £0.89 -11.00%
1844 £0.89 0.00%
1845 £0.93 4.49%
1846 £0.97 4.30%
1847 £1.09 12.37%
1848 £0.95 -12.84%
1849 £0.89 -6.32%
1850 £0.84 -5.62%
1851 £0.81 -3.57%
1852 £0.81 0.00%
1853 £0.89 9.88%
1854 £1.02 14.61%
1855 £1.05 2.94%
1856 £1.05 0.00%
1857 £1.00 -4.76%
1858 £0.91 -9.00%
1859 £0.90 -1.10%
1860 £0.93 3.33%
1861 £0.95 2.15%
1862 £0.93 -2.11%
1863 £0.90 -3.23%
1864 £0.89 -1.11%
1865 £0.90 1.12%
1866 £0.95 5.56%
1867 £1.01 6.32%
1868 £1.00 -0.99%
1869 £0.95 -5.00%
1870 £0.95 0.00%
1871 £0.96 1.05%
1872 £1.00 4.17%
1873 £1.04 4.00%
1874 £1.00 -3.85%
1875 £0.98 -2.00%
1876 £0.98 0.00%
1877 £0.97 -1.02%
1878 £0.95 -2.06%
1879 £0.91 -4.21%
1880 £0.94 3.30%
1881 £0.93 -1.06%
1882 £0.94 1.08%
1883 £0.93 -1.06%
1884 £0.91 -2.15%
1885 £0.88 -3.30%
1886 £0.87 -1.14%
1887 £0.86 -1.15%
1888 £0.87 1.16%
1889 £0.88 1.15%
1890 £0.88 0.00%
1891 £0.89 1.14%
1892 £0.89 0.00%
1893 £0.88 -1.12%
1894 £0.87 -1.14%
1895 £0.86 -1.15%
1896 £0.85 -1.16%
1897 £0.87 2.35%
1898 £0.87 0.00%
1899 £0.88 1.15%
1900 £0.92 4.55%
1901 £0.92 0.00%
1902 £0.92 0.00%
1903 £0.93 1.09%
1904 £0.93 0.00%
1905 £0.93 0.00%
1906 £0.93 0.00%
1907 £0.94 1.08%
1908 £0.94 0.00%
1909 £0.95 1.06%
1910 £0.96 1.05%
1911 £0.96 0.00%
1912 £0.99 3.13%
1913 £0.98 -1.01%
1914 £0.98 0.00%
1915 £1.10 12.24%
1916 £1.30 18.18%
1917 £1.63 25.38%
1918 £1.99 22.09%
1919 £2.19 10.05%
1920 £2.53 15.53%
1921 £2.31 -8.70%
1922 £1.99 -13.85%
1923 £1.87 -6.03%
1924 £1.86 -0.53%
1925 £1.86 0.00%
1926 £1.85 -0.54%
1927 £1.80 -2.70%
1928 £1.80 0.00%
1929 £1.78 -1.11%
1930 £1.73 -2.81%
1931 £1.66 -4.05%
1932 £1.62 -2.41%
1933 £1.58 -2.47%
1934 £1.58 0.00%
1935 £1.59 0.63%
1936 £1.60 0.63%
1937 £1.66 3.75%
1938 £1.68 1.20%
1939 £1.73 2.98%
1940 £2.02 16.76%
1941 £2.24 10.89%
1942 £2.40 7.14%
1943 £2.48 3.33%
1944 £2.55 2.82%
1945 £2.62 2.75%
1946 £2.70 3.05%
1947 £2.89 7.04%
1948 £3.11 7.61%
1949 £3.20 2.89%
1950 £3.30 3.13%
1951 £3.60 9.09%
1952 £3.93 9.17%
1953 £4.05 3.05%
1954 £4.13 1.98%
1955 £4.31 4.36%
1956 £4.53 5.10%
1957 £4.69 3.53%
1958 £4.84 3.20%
1959 £4.86 0.41%
1960 £4.91 1.03%
1961 £5.08 3.46%
1962 £5.30 4.33%
1963 £5.40 1.89%
1964 £5.58 3.33%
1965 £5.84 4.66%
1966 £6.07 3.94%
1967 £6.23 2.64%
1968 £6.52 4.65%
1969 £6.87 5.37%
1970 £7.31 6.40%
1971 £8.00 9.44%
1972 £8.57 7.13%
1973 £9.35 9.10%
1974 £10.85 16.04%
1975 £13.48 24.24%
1976 £15.71 16.54%
1977 £18.20 15.85%
1978 £19.71 8.30%
1979 £22.35 13.39%
1980 £26.37 17.99%
1981 £29.50 11.87%
1982 £32.04 8.61%
1983 £33.51 4.59%
1984 £35.18 4.98%
1985 £37.32 6.08%
1986 £38.59 3.40%
1987 £40.20 4.17%
1988 £42.17 4.90%
1989 £45.45 7.78%
1990 £49.75 9.46%
1991 £52.67 5.87%
1992 £54.64 3.74%
1993 £55.51 1.59%
1994 £56.85 2.41%
1995 £58.82 3.47%
1996 £60.24 2.41%
1997 £62.13 3.14%
1998 £64.26 3.43%
1999 £65.25 1.54%
2000 £67.18 2.96%
2001 £68.37 1.77%
2002 £69.51 1.67%
2003 £71.52 2.89%
2004 £73.65 2.98%
2005 £75.73 2.82%
2006 £78.15 3.20%
2007 £81.50 4.29%
2008 £84.75 3.99%
2009 £84.30 -0.53%
2010 £88.19 4.61%
2011 £92.78 5.20%
2012 £95.76 3.21%
2013 £98.67 3.04%
2014 £101.00 2.36%
2015 £102.00 0.99%
2016 £103.77 1.74%
2017 £107.49 3.58%
2018 £110.16 2.48%
2019 £112.14 1.80%
2020 £113.82 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

### How to Calculate Inflation Rate for £1, 1796 to 1800

This inflation calculator uses the following inflation rate formula:

CPI in 1796CPI in 1800
×
1800 GBP value
=
1796 GBP value

Then plug in historical CPI values. The U.K. CPI was 13.5 in the year 1800 and 10 in 1796:

1013.5
×
£1
=
£0.74

£1 in 1800 has the same "purchasing power" or "buying power" as £0.74 in 1796.

To get the total inflation rate for the 4 years between 1796 and 1800, we use the following formula:

CPI in 1796 - CPI in 1800CPI in 1800
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

10 - 13.513.5
×
100
=
-26%

### News headlines from 1796

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

• First session of Congress held at under-construction Capitol building in Washington D.C.
• First cowpox vaccination (for smallpox prevention) in the United States. The vaccine was given by Dr Benjamin Waterhouse to his son.
• The free African American community of Philadelphia submits its first petition to US Congress for the abolition of slavery.
• Barnaba Niccoclo Maria Luigi Chiaramonti elected pope, taking the name Pope Pius VII.
• A Smallpox vaccine is invented by Doctor Benjamin Waterhouse leading to the first immunization against the disease.
• Congress holds its first session in the, at the time, still incomplete Capitol building in Washington D.C.
• The French army defeats the Turks at Helipolis, after which they advanced on to Cairo.

### 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 1800 → 1796 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Jan. 2020, https://www.officialdata.org/1800-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.

 Cumulative price change -25.93% Average inflation rate 7.79% Converted amount (£1 base) £0.74 Price difference (£1 base) £-0.26 CPI in 1800 13.500 CPI in 1796 10.000 Inflation in 1796 6.38% Inflation in 1800 36.36%