£1 in 1835 is worth £1.22 in 1841

Value of £1 from 1835 to 1841

According to the Office for National Statistics composite price index, prices in 1841 are 22.47% higher than average prices since 1835. The British pound experienced an average inflation rate of 3.44% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1835 is equivalent in purchasing power to about £1.22 in 1841, a difference of £0.22 over 6 years.

The 1835 inflation rate was 2.30%. The inflation rate in 1841 was -1.80%. The 1841 inflation rate is lower compared to the average inflation rate of 2.63% per year between 1841 and 2020.


Inflation from 1835 to 1841
Cumulative price change 22.47%
Average inflation rate 3.44%
Converted amount (£1 base) £1.22
Price difference (£1 base) £0.22
CPI in 1835 8.900
CPI in 1841 10.900
Inflation in 1835 2.30%
Inflation in 1841 -1.80%

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

Buying power of £1 in 1835

This chart shows a calculation of buying power equivalence for £1 in 1835 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.22 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.22 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 1835 dollars, the chart below shows how £1 is worth less over 6 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: 1835-1841
Year Pound Value Inflation Rate
1835 £1.00 2.30%
1836 £1.11 11.24%
1837 £1.13 2.02%
1838 £1.15 0.99%
1839 £1.22 6.86%
1840 £1.25 1.83%
1841 £1.22 -1.80%
1842 £1.12 -8.26%
1843 £1.00 -11.00%
1844 £1.00 0.00%
1845 £1.04 4.49%
1846 £1.09 4.30%
1847 £1.22 12.37%
1848 £1.07 -12.84%
1849 £1.00 -6.32%
1850 £0.94 -5.62%
1851 £0.91 -3.57%
1852 £0.91 0.00%
1853 £1.00 9.88%
1854 £1.15 14.61%
1855 £1.18 2.94%
1856 £1.18 0.00%
1857 £1.12 -4.76%
1858 £1.02 -9.00%
1859 £1.01 -1.10%
1860 £1.04 3.33%
1861 £1.07 2.15%
1862 £1.04 -2.11%
1863 £1.01 -3.23%
1864 £1.00 -1.11%
1865 £1.01 1.12%
1866 £1.07 5.56%
1867 £1.13 6.32%
1868 £1.12 -0.99%
1869 £1.07 -5.00%
1870 £1.07 0.00%
1871 £1.08 1.05%
1872 £1.12 4.17%
1873 £1.17 4.00%
1874 £1.12 -3.85%
1875 £1.10 -2.00%
1876 £1.10 0.00%
1877 £1.09 -1.02%
1878 £1.07 -2.06%
1879 £1.02 -4.21%
1880 £1.06 3.30%
1881 £1.04 -1.06%
1882 £1.06 1.08%
1883 £1.04 -1.06%
1884 £1.02 -2.15%
1885 £0.99 -3.30%
1886 £0.98 -1.14%
1887 £0.97 -1.15%
1888 £0.98 1.16%
1889 £0.99 1.15%
1890 £0.99 0.00%
1891 £1.00 1.14%
1892 £1.00 0.00%
1893 £0.99 -1.12%
1894 £0.98 -1.14%
1895 £0.97 -1.15%
1896 £0.96 -1.16%
1897 £0.98 2.35%
1898 £0.98 0.00%
1899 £0.99 1.15%
1900 £1.03 4.55%
1901 £1.03 0.00%
1902 £1.03 0.00%
1903 £1.04 1.09%
1904 £1.04 0.00%
1905 £1.04 0.00%
1906 £1.04 0.00%
1907 £1.06 1.08%
1908 £1.06 0.00%
1909 £1.07 1.06%
1910 £1.08 1.05%
1911 £1.08 0.00%
1912 £1.11 3.13%
1913 £1.10 -1.01%
1914 £1.10 0.00%
1915 £1.24 12.24%
1916 £1.46 18.18%
1917 £1.83 25.38%
1918 £2.24 22.09%
1919 £2.46 10.05%
1920 £2.84 15.53%
1921 £2.60 -8.70%
1922 £2.24 -13.85%
1923 £2.10 -6.03%
1924 £2.09 -0.53%
1925 £2.09 0.00%
1926 £2.08 -0.54%
1927 £2.02 -2.70%
1928 £2.02 0.00%
1929 £2.00 -1.11%
1930 £1.94 -2.81%
1931 £1.87 -4.05%
1932 £1.82 -2.41%
1933 £1.78 -2.47%
1934 £1.78 0.00%
1935 £1.79 0.63%
1936 £1.80 0.63%
1937 £1.87 3.75%
1938 £1.89 1.20%
1939 £1.94 2.98%
1940 £2.27 16.76%
1941 £2.52 10.89%
1942 £2.70 7.14%
1943 £2.79 3.33%
1944 £2.87 2.82%
1945 £2.94 2.75%
1946 £3.03 3.05%
1947 £3.25 7.04%
1948 £3.49 7.61%
1949 £3.60 2.89%
1950 £3.71 3.13%
1951 £4.04 9.09%
1952 £4.42 9.17%
1953 £4.55 3.05%
1954 £4.64 1.98%
1955 £4.84 4.36%
1956 £5.09 5.10%
1957 £5.27 3.53%
1958 £5.44 3.20%
1959 £5.46 0.41%
1960 £5.52 1.03%
1961 £5.71 3.46%
1962 £5.96 4.33%
1963 £6.07 1.89%
1964 £6.27 3.33%
1965 £6.56 4.66%
1966 £6.82 3.94%
1967 £7.00 2.64%
1968 £7.33 4.65%
1969 £7.72 5.37%
1970 £8.21 6.40%
1971 £8.99 9.44%
1972 £9.63 7.13%
1973 £10.51 9.10%
1974 £12.19 16.04%
1975 £15.15 24.24%
1976 £17.65 16.54%
1977 £20.45 15.85%
1978 £22.15 8.30%
1979 £25.11 13.39%
1980 £29.63 17.99%
1981 £33.15 11.87%
1982 £36.00 8.61%
1983 £37.65 4.59%
1984 £39.53 4.98%
1985 £41.93 6.08%
1986 £43.36 3.40%
1987 £45.17 4.17%
1988 £47.38 4.90%
1989 £51.07 7.78%
1990 £55.90 9.46%
1991 £59.18 5.87%
1992 £61.39 3.74%
1993 £62.37 1.59%
1994 £63.88 2.41%
1995 £66.09 3.47%
1996 £67.69 2.41%
1997 £69.81 3.14%
1998 £72.20 3.43%
1999 £73.31 1.54%
2000 £75.48 2.96%
2001 £76.82 1.77%
2002 £78.10 1.67%
2003 £80.36 2.89%
2004 £82.75 2.98%
2005 £85.09 2.82%
2006 £87.81 3.20%
2007 £91.57 4.29%
2008 £95.22 3.99%
2009 £94.72 -0.53%
2010 £99.09 4.61%
2011 £104.25 5.20%
2012 £107.60 3.21%
2013 £110.87 3.04%
2014 £113.48 2.36%
2015 £114.61 0.99%
2016 £116.60 1.74%
2017 £120.78 3.58%
2018 £123.77 2.48%
2019 £126.00 1.80%
2020 £127.89 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1835 amounts in 1841 pounds, based on the 22.47% change in prices:

Conversion Table: Value of a pound in 1841
Initial value Equivalent value
£1 pound in 1835 £1.22 pounds in 1841
£5 pounds in 1835 £6.12 pounds in 1841
£10 pounds in 1835 £12.25 pounds in 1841
£50 pounds in 1835 £61.24 pounds in 1841
£100 pounds in 1835 £122.47 pounds in 1841
£500 pounds in 1835 £612.36 pounds in 1841
£1,000 pounds in 1835 £1,224.72 pounds in 1841
£5,000 pounds in 1835 £6,123.60 pounds in 1841
£10,000 pounds in 1835 £12,247.19 pounds in 1841
£50,000 pounds in 1835 £61,235.96 pounds in 1841
£100,000 pounds in 1835 £122,471.91 pounds in 1841
£500,000 pounds in 1835 £612,359.55 pounds in 1841
£1,000,000 pounds in 1835 £1,224,719.10 pounds in 1841

How to Calculate Inflation Rate for £1, 1835 to 1841

Our calculations use the following inflation rate formula to calculate the change in value between 1835 and 1841:

CPI in 1841 CPI in 1835
×
1835 GBP value
=
1841 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.9 in the year 1835 and 10.9 in 1841:

10.98.9
×
£1
=
£1.22

£1 in 1835 has the same "purchasing power" or "buying power" as £1.22 in 1841.

To get the total inflation rate for the 6 years between 1835 and 1841, we use the following formula:

CPI in 1841 - CPI in 1835CPI in 1835
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

10.9 - 8.98.9
×
100
=
22%

News headlines from 1835

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

  • Richard Lawrence fails in the first documented presidential assassination attempt after he misfired at President Andrew Jackson
  • National debt of the United States is officially zero: the only time that it has been that way in history.
  • Signing of the New Echota Treaty, followed by the conceding of all the Cherokee Indian lands east of the Mississippi River to the US

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 1835 → 1841 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 May. 2020, https://www.officialdata.org/1835-GBP-in-1841?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.

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» Read more about inflation and investment.

Inflation from 1835 to 1841
Cumulative price change 22.47%
Average inflation rate 3.44%
Converted amount (£1 base) £1.22
Price difference (£1 base) £0.22
CPI in 1835 8.900
CPI in 1841 10.900
Inflation in 1835 2.30%
Inflation in 1841 -1.80%