# £1 in 1910 is worth £1.02 in 1914

£

## Value of £1 from 1910 to 1914

According to the Office for National Statistics composite price index, prices in 1914 are 2.08% higher than average prices since 1910. The British pound experienced an average inflation rate of 0.52% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1910 is equivalent in purchasing power to about £1.02 in 1914, a difference of £0.02 over 4 years.

The 1910 inflation rate was 1.05%. The inflation rate in 1914 was 0.00%. The 1914 inflation rate is lower compared to the average inflation rate of 4.59% per year between 1914 and 2020.

 Cumulative price change 2.08% Average inflation rate 0.52% Converted amount (£1 base) £1.02 Price difference (£1 base) £0.02 CPI in 1910 9.600 CPI in 1914 9.800 Inflation in 1910 1.05% Inflation in 1914 0.00%

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

## Buying power of £1 in 1910

This chart shows a calculation of buying power equivalence for £1 in 1910 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.02 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 1910 dollars, the chart below shows how £1 is worth less over 4 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: 1910-1914
Year Pound Value Inflation Rate
1910 £1.00 1.05%
1911 £1.00 0.00%
1912 £1.03 3.13%
1913 £1.02 -1.01%
1914 £1.02 0.00%
1915 £1.15 12.24%
1916 £1.35 18.18%
1917 £1.70 25.38%
1918 £2.07 22.09%
1919 £2.28 10.05%
1920 £2.64 15.53%
1921 £2.41 -8.70%
1922 £2.07 -13.85%
1923 £1.95 -6.03%
1924 £1.94 -0.53%
1925 £1.94 0.00%
1926 £1.93 -0.54%
1927 £1.88 -2.70%
1928 £1.88 0.00%
1929 £1.85 -1.11%
1930 £1.80 -2.81%
1931 £1.73 -4.05%
1932 £1.69 -2.41%
1933 £1.65 -2.47%
1934 £1.65 0.00%
1935 £1.66 0.63%
1936 £1.67 0.63%
1937 £1.73 3.75%
1938 £1.75 1.20%
1939 £1.80 2.98%
1940 £2.10 16.76%
1941 £2.33 10.89%
1942 £2.50 7.14%
1943 £2.58 3.33%
1944 £2.66 2.82%
1945 £2.73 2.75%
1946 £2.81 3.05%
1947 £3.01 7.04%
1948 £3.24 7.61%
1949 £3.33 2.89%
1950 £3.44 3.13%
1951 £3.75 9.09%
1952 £4.09 9.17%
1953 £4.22 3.05%
1954 £4.30 1.98%
1955 £4.49 4.36%
1956 £4.72 5.10%
1957 £4.89 3.53%
1958 £5.04 3.20%
1959 £5.06 0.41%
1960 £5.11 1.03%
1961 £5.29 3.46%
1962 £5.52 4.33%
1963 £5.63 1.89%
1964 £5.81 3.33%
1965 £6.08 4.66%
1966 £6.32 3.94%
1967 £6.49 2.64%
1968 £6.79 4.65%
1969 £7.16 5.37%
1970 £7.61 6.40%
1971 £8.33 9.44%
1972 £8.93 7.13%
1973 £9.74 9.10%
1974 £11.30 16.04%
1975 £14.04 24.24%
1976 £16.36 16.54%
1977 £18.96 15.85%
1978 £20.53 8.30%
1979 £23.28 13.39%
1980 £27.47 17.99%
1981 £30.73 11.87%
1982 £33.38 8.61%
1983 £34.91 4.59%
1984 £36.65 4.98%
1985 £38.88 6.08%
1986 £40.20 3.40%
1987 £41.88 4.17%
1988 £43.93 4.90%
1989 £47.34 7.78%
1990 £51.82 9.46%
1991 £54.86 5.87%
1992 £56.92 3.74%
1993 £57.82 1.59%
1994 £59.22 2.41%
1995 £61.27 3.47%
1996 £62.75 2.41%
1997 £64.72 3.14%
1998 £66.94 3.43%
1999 £67.97 1.54%
2000 £69.98 2.96%
2001 £71.22 1.77%
2002 £72.41 1.67%
2003 £74.50 2.89%
2004 £76.72 2.98%
2005 £78.89 2.82%
2006 £81.41 3.20%
2007 £84.90 4.29%
2008 £88.28 3.99%
2009 £87.81 -0.53%
2010 £91.86 4.61%
2011 £96.65 5.20%
2012 £99.75 3.21%
2013 £102.78 3.04%
2014 £105.21 2.36%
2015 £106.25 0.99%
2016 £108.09 1.74%
2017 £111.97 3.58%
2018 £114.75 2.48%
2019 £116.81 1.80%
2020 £118.57 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1910 amounts in 1914 pounds, based on the 2.08% change in prices:

Conversion Table: Value of a pound in 1914
Initial value Equivalent value
£1 pound in 1910 £1.02 pounds in 1914
£5 pounds in 1910 £5.10 pounds in 1914
£10 pounds in 1910 £10.21 pounds in 1914
£50 pounds in 1910 £51.04 pounds in 1914
£100 pounds in 1910 £102.08 pounds in 1914
£500 pounds in 1910 £510.42 pounds in 1914
£1,000 pounds in 1910 £1,020.83 pounds in 1914
£5,000 pounds in 1910 £5,104.17 pounds in 1914
£10,000 pounds in 1910 £10,208.33 pounds in 1914
£50,000 pounds in 1910 £51,041.67 pounds in 1914
£100,000 pounds in 1910 £102,083.33 pounds in 1914
£500,000 pounds in 1910 £510,416.67 pounds in 1914
£1,000,000 pounds in 1910 £1,020,833.33 pounds in 1914

## How to Calculate Inflation Rate for £1, 1910 to 1914

Our calculations use the following inflation rate formula to calculate the change in value between 1910 and 1914:

CPI in 1914 CPI in 1910
×
1910 GBP value
=
1914 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.6 in the year 1910 and 9.8 in 1914:

9.89.6
×
£1
=
£1.02

£1 in 1910 has the same "purchasing power" or "buying power" as £1.02 in 1914.

To get the total inflation rate for the 4 years between 1910 and 1914, we use the following formula:

CPI in 1914 - CPI in 1910CPI in 1910
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

9.8 - 9.69.6
×
100
=
2%

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

• Alice Stebbins Wells becomes the first female police officer in the U.S.
• Englishman Claude Grahame-White becomes the first person to attempt powered flight at night.
• Union of South Africa declares independence.
• The Buffalo Bill Dam in Wyoming is completed.

## 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 1910 → 1914 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 6 Jun. 2020, https://www.officialdata.org/1910-GBP-in-1914?amount=1.