£1 in 1872 is worth £0.98 in 1875

Value of £1 from 1872 to 1875

According to the Office for National Statistics composite price index, prices in 1875 are 2% lower than average prices since 1872. The British pound experienced an average deflation rate of -0.67% per year during this period, causing the real value of a pound to increase.

In other words, £1 in 1872 is equivalent in purchasing power to about £0.98 in 1875, a difference of £-0.02 over 3 years.

The 1872 inflation rate was 4.17%. The inflation rate in 1875 was -2.00%. The 1875 inflation rate is lower compared to the average inflation rate of 3.33% per year between 1875 and 2020.


Inflation from 1872 to 1875
Cumulative price change -2.00%
Average inflation rate -0.67%
Converted amount (£1 base) £0.98
Price difference (£1 base) £-0.02
CPI in 1872 10.000
CPI in 1875 9.800
Inflation in 1872 4.17%
Inflation in 1875 -2.00%

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

Buying power of £1 in 1872

This chart shows a calculation of buying power equivalence for £1 in 1872 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £0.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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: 1872-1875
Year Pound Value Inflation Rate
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.

This conversion table shows various other 1872 amounts in 1875 pounds, based on the -2.00% change in prices:

Conversion Table: Value of a pound in 1875
Initial value Equivalent value
£1 pound in 1872 £0.98 pounds in 1875
£5 pounds in 1872 £4.90 pounds in 1875
£10 pounds in 1872 £9.80 pounds in 1875
£50 pounds in 1872 £49.00 pounds in 1875
£100 pounds in 1872 £98.00 pounds in 1875
£500 pounds in 1872 £490.00 pounds in 1875
£1,000 pounds in 1872 £980.00 pounds in 1875
£5,000 pounds in 1872 £4,900.00 pounds in 1875
£10,000 pounds in 1872 £9,800.00 pounds in 1875
£50,000 pounds in 1872 £49,000.00 pounds in 1875
£100,000 pounds in 1872 £98,000.00 pounds in 1875
£500,000 pounds in 1872 £490,000.00 pounds in 1875
£1,000,000 pounds in 1872 £980,000.00 pounds in 1875

How to Calculate Inflation Rate for £1, 1872 to 1875

Our calculations use the following inflation rate formula to calculate the change in value between 1872 and 1875:

CPI in 1875 CPI in 1872
×
1872 GBP value
=
1875 GBP value

Then plug in historical CPI values. The U.K. CPI was 10 in the year 1872 and 9.8 in 1875:

9.810
×
£1
=
£0.98

£1 in 1872 has the same "purchasing power" or "buying power" as £0.98 in 1875.

To get the total inflation rate for the 3 years between 1872 and 1875, we use the following formula:

CPI in 1875 - CPI in 1872CPI in 1872
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

9.8 - 1010
×
100
=
-2%

News headlines from 1872

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

  • Coronation of Yohannes IV Emperoro of Ethiopia, is the first imperial coronation in Axum for over 200 years.
  • Yellowstone is declared the world's first national park.
  • The Mary Celeste sets sail from Staten Island for Genoa and is found abandoned four weeks later.

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 1872 → 1875 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Jun. 2020, https://www.officialdata.org/1872-GBP-in-1875?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 1872 to 1875
Cumulative price change -2.00%
Average inflation rate -0.67%
Converted amount (£1 base) £0.98
Price difference (£1 base) £-0.02
CPI in 1872 10.000
CPI in 1875 9.800
Inflation in 1872 4.17%
Inflation in 1875 -2.00%