£1 in 1875 → £0.93 in 1879

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£1 in 1875 → £0.93 in 1879

U.K. Inflation Rate, £1 in 1875 to 1879

According to the Office for National Statistics composite price index, prices in 1879 are 7.14% lower than average prices since 1875. The British pound experienced an average deflation rate of -1.84% per year during this period, meaning the real value of a pound increased.

In other words, £1 in 1875 is equivalent in purchasing power to about £0.93 in 1879, a difference of £-0.07 over 4 years.

The 1875 inflation rate was -2.00%. The inflation rate in 1879 was -4.21%. The 1879 inflation rate is lower compared to the average inflation rate of 3.48% per year between 1879 and 2020.


Inflation from 1875 to 1879
Cumulative price change -7.14%
Average inflation rate -1.84%
Converted amount (£1 base) £0.93
Price difference (£1 base) £-0.07
CPI in 1875 9.800
CPI in 1879 9.100
Inflation in 1875 -2.00%
Inflation in 1879 -4.21%

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

Buying power of £1 in 1875

This chart shows a calculation of buying power equivalence for £1 in 1875 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £0.93 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:

Year Pound Value Inflation Rate
1875 £1.00 -2.00%
1876 £1.00 0.00%
1877 £0.99 -1.02%
1878 £0.97 -2.06%
1879 £0.93 -4.21%
1880 £0.96 3.30%
1881 £0.95 -1.06%
1882 £0.96 1.08%
1883 £0.95 -1.06%
1884 £0.93 -2.15%
1885 £0.90 -3.30%
1886 £0.89 -1.14%
1887 £0.88 -1.15%
1888 £0.89 1.16%
1889 £0.90 1.15%
1890 £0.90 0.00%
1891 £0.91 1.14%
1892 £0.91 0.00%
1893 £0.90 -1.12%
1894 £0.89 -1.14%
1895 £0.88 -1.15%
1896 £0.87 -1.16%
1897 £0.89 2.35%
1898 £0.89 0.00%
1899 £0.90 1.15%
1900 £0.94 4.55%
1901 £0.94 0.00%
1902 £0.94 0.00%
1903 £0.95 1.09%
1904 £0.95 0.00%
1905 £0.95 0.00%
1906 £0.95 0.00%
1907 £0.96 1.08%
1908 £0.96 0.00%
1909 £0.97 1.06%
1910 £0.98 1.05%
1911 £0.98 0.00%
1912 £1.01 3.13%
1913 £1.00 -1.01%
1914 £1.00 0.00%
1915 £1.12 12.24%
1916 £1.33 18.18%
1917 £1.66 25.38%
1918 £2.03 22.09%
1919 £2.23 10.05%
1920 £2.58 15.53%
1921 £2.36 -8.70%
1922 £2.03 -13.85%
1923 £1.91 -6.03%
1924 £1.90 -0.53%
1925 £1.90 0.00%
1926 £1.89 -0.54%
1927 £1.84 -2.70%
1928 £1.84 0.00%
1929 £1.82 -1.11%
1930 £1.77 -2.81%
1931 £1.69 -4.05%
1932 £1.65 -2.41%
1933 £1.61 -2.47%
1934 £1.61 0.00%
1935 £1.62 0.63%
1936 £1.63 0.63%
1937 £1.69 3.75%
1938 £1.71 1.20%
1939 £1.77 2.98%
1940 £2.06 16.76%
1941 £2.29 10.89%
1942 £2.45 7.14%
1943 £2.53 3.33%
1944 £2.60 2.82%
1945 £2.67 2.75%
1946 £2.76 3.05%
1947 £2.95 7.04%
1948 £3.17 7.61%
1949 £3.27 2.89%
1950 £3.37 3.13%
1951 £3.67 9.09%
1952 £4.01 9.17%
1953 £4.13 3.05%
1954 £4.21 1.98%
1955 £4.40 4.36%
1956 £4.62 5.10%
1957 £4.79 3.53%
1958 £4.94 3.20%
1959 £4.96 0.41%
1960 £5.01 1.03%
1961 £5.18 3.46%
1962 £5.41 4.33%
1963 £5.51 1.89%
1964 £5.69 3.33%
1965 £5.96 4.66%
1966 £6.19 3.94%
1967 £6.36 2.64%
1968 £6.65 4.65%
1969 £7.01 5.37%
1970 £7.46 6.40%
1971 £8.16 9.44%
1972 £8.74 7.13%
1973 £9.54 9.10%
1974 £11.07 16.04%
1975 £13.76 24.24%
1976 £16.03 16.54%
1977 £18.57 15.85%
1978 £20.11 8.30%
1979 £22.81 13.39%
1980 £26.91 17.99%
1981 £30.10 11.87%
1982 £32.69 8.61%
1983 £34.19 4.59%
1984 £35.90 4.98%
1985 £38.08 6.08%
1986 £39.38 3.40%
1987 £41.02 4.17%
1988 £43.03 4.90%
1989 £46.38 7.78%
1990 £50.77 9.46%
1991 £53.74 5.87%
1992 £55.76 3.74%
1993 £56.64 1.59%
1994 £58.01 2.41%
1995 £60.02 3.47%
1996 £61.47 2.41%
1997 £63.40 3.14%
1998 £65.57 3.43%
1999 £66.58 1.54%
2000 £68.55 2.96%
2001 £69.77 1.77%
2002 £70.93 1.67%
2003 £72.98 2.89%
2004 £75.15 2.98%
2005 £77.28 2.82%
2006 £79.74 3.20%
2007 £83.16 4.29%
2008 £86.48 3.99%
2009 £86.02 -0.53%
2010 £89.99 4.61%
2011 £94.67 5.20%
2012 £97.71 3.21%
2013 £100.68 3.04%
2014 £103.06 2.36%
2015 £104.08 0.99%
2016 £105.89 1.74%
2017 £109.68 3.58%
2018 £112.41 2.48%
2019 £114.43 1.80%
2020 £116.15 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, 1875 to 1879

This inflation calculator uses the following inflation rate formula:

CPI in 1879CPI in 1875
×
1875 GBP value
=
1879 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.8 in the year 1875 and 9.1 in 1879:

9.19.8
×
£1
=
£0.93

£1 in 1875 has the same "purchasing power" or "buying power" as £0.93 in 1879.

To get the total inflation rate for the 4 years between 1875 and 1879, we use the following formula:

CPI in 1879 - CPI in 1875CPI in 1875
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

9.1 - 9.89.8
×
100
=
-7%

News headlines from 1875

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

  • Verney Cameroon becomes the first European to reach Benguela in Angola.
  • Alexander Graham Bell makes the first sound transmission.
  • The Pacific Stock Exchange is opened for the first time.

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 1875 → 1879 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Jan. 2020, https://www.officialdata.org/1875-GBP-in-1879?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.

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» Read more about inflation and investment.

Inflation from 1875 to 1879
Cumulative price change -7.14%
Average inflation rate -1.84%
Converted amount (£1 base) £0.93
Price difference (£1 base) £-0.07
CPI in 1875 9.800
CPI in 1879 9.100
Inflation in 1875 -2.00%
Inflation in 1879 -4.21%