£1 in 1814 is worth £1.12 in 1814

Value of £1 from 1815 to 1814

According to the Office for National Statistics composite price index, prices in 1814 are 11.81% higher than average prices since 1815. The British pound experienced an average deflation rate of -10.56% per year during this period, causing the real value of a pound to increase.

In other words, £1 in 1815 is equivalent in purchasing power to about £1.12 in 1814.

The 1814 inflation rate was -12.88%. The inflation rate in 1815 was -10.56%. The 1815 inflation rate is lower compared to the average inflation rate of 2.22% per year between 1815 and 2020.


Inflation from 1815 to 1814
Average inflation rate -10.56%
Converted amount (£1 base) £1.12
Price difference (£1 base) £0.12
CPI in 1815 12.700
CPI in 1814 14.200
Inflation in 1814 -12.88%
Inflation in 1815 -10.56%

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

How to Calculate Inflation Rate for £1, 1814 to 1815

Our calculations use the following inflation rate formula to calculate the change in value between 1814 and 1815:

CPI in 1814 CPI in 1815
×
1815 GBP value
=
1814 GBP value

Then plug in historical CPI values. The U.K. CPI was 12.7 in the year 1815 and 14.2 in 1814:

14.212.7
×
£1
=
£1.12

£1 in 1815 has the same "purchasing power" or "buying power" as £1.12 in 1814.

To get the total inflation rate for the 1 years between 1814 and 1815, we use the following formula:

CPI in 1814 - CPI in 1815CPI in 1815
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

14.2 - 12.712.7
×
100
=
12%

News headlines from 1814

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

  • Napoleon leaves Elba in order to reconnect with his supporters in France.
  • Napoleon returns to Paris and begins his 100-day rule until his defeat in the Battle of Waterloo.
  • The Holy Alliance is signed by Russia, Prussia and Austria
  • Napoleon Bonaparte arrives on the island of Saint Hellena to begin his exile

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 1815 → 1814 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 May. 2020, https://www.officialdata.org/1815-GBP-in-1814?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1815 to 1814
Average inflation rate -10.56%
Converted amount (£1 base) £1.12
Price difference (£1 base) £0.12
CPI in 1815 12.700
CPI in 1814 14.200
Inflation in 1814 -12.88%
Inflation in 1815 -10.56%