# £1 in 1885 is worth £0.99 in 1886

£

## Value of £1 from 1885 to 1886

According to the Office for National Statistics composite price index, prices in 1886 are 1.14% lower than average prices since 1885. The British pound experienced an average deflation rate of -1.14% per year during this period, causing the real value of a pound to increase.

In other words, £1 in 1885 is equivalent in purchasing power to about £0.99 in 1886.

The 1885 inflation rate was -3.30%. The inflation rate in 1886 was -1.14%. The 1886 inflation rate is lower compared to the average inflation rate of 3.70% per year between 1886 and 2020.

 Average inflation rate -1.14% Converted amount (£1 base) £0.99 Price difference (£1 base) £-0.01 CPI in 1885 8.800 CPI in 1886 8.700 Inflation in 1885 -3.30% Inflation in 1886 -1.14%

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

## How to Calculate Inflation Rate for £1, 1885 to 1886

Our calculations use the following inflation rate formula to calculate the change in value between 1885 and 1886:

CPI in 1886 CPI in 1885
×
1885 GBP value
=
1886 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.8 in the year 1885 and 8.7 in 1886:

8.78.8
×
£1
=
£0.99

£1 in 1885 has the same "purchasing power" or "buying power" as £0.99 in 1886.

To get the total inflation rate for the 1 years between 1885 and 1886, we use the following formula:

CPI in 1886 - CPI in 1885CPI in 1885
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.7 - 8.88.8
×
100
=
-1%

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

• King Leopold II of Belgium makes Congo his own personal, colonial possession.
• Congo is given to Belgium whilst Nigeria is awarded to Great Britain during the Berlin Conference
• Bismarck, German chancellor, conquers Cameron and Togoland
• Louis Pasteur conducts the first successful test of an anti-rabies vaccine
• Gottlieb Daimler invents the first motorcycle.

## 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 1885 → 1886 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Jun. 2020, https://www.officialdata.org/1885-GBP-in-1886?amount=1.