UK Inflation Calculator
UK Inflation Rate, £1 in 1950 to 1952
According to the Office for National Statistics composite price index, prices in 1952 are 19.09% higher than average prices throughout 1950. The pound experienced an average inflation rate of 9.13% per year during this period, meaning the real value of a dollar decreased.
In other words, £1 in 1950 is equivalent in purchasing power to about £1.19 in 1952, a difference of £0.19 over 2 years.
The 1950 inflation rate was 3.13%. The inflation rate in 1952 was 9.17%. The 1952 inflation rate is higher compared to the average inflation rate of 5.13% per year between 1952 and 2019.
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| Cumulative price change | 19.09% |
| Average inflation rate | 9.13% |
| Converted amount (£1 base) | £1.19 |
| Price difference (£1 base) | £0.19 |
| CPI in 1950 | 33.000 |
| CPI in 1952 | 39.300 |
| Inflation in 1950 | 3.13% |
| Inflation in 1952 | 9.17% |
Buying power of £1 in 1950
This chart shows calculation of buying power equivalence, often referred to as "the value of a pound" over time for £1 in 1950 (price index tracking began in 1750).
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:
How to Calculate Inflation Rate for £1, 1950 to 1952
This inflation calculator uses the following inflation rate formula:
CPI in 1952CPI in 1950
×
1950 GBP value
=
1952 GBP value
Then plug in historical CPI values. The UK CPI was 33 in the year 1950 and 39.3 in 1952:
39.333
×
£1
=
£1.19
£1 in 1950 has the same "purchasing power" or "buying power" as £1.19 in 1952.
To get the total inflation rate for the 2 years between 1950 and 1952, we use the following formula:
CPI in 1952 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (2 years)
Plugging in the values to this equation, we get:
39.3 - 3333
×
100
=
19%
News headlines from 1950
Politics and news often influence economic performance. Here's what was happening at the time:
- Jerusalem is proclaimed the capital of Israel by Knesset
- North Korea invades South Korea.
- Harry Truman announces that America will seek to develop a hydrogen bomb.
- Chinese forces occupy Tibet.
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 1950 → 1952 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2019, https://www.officialdata.org/1950-GBP-in-1952?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 19.09% |
| Average inflation rate | 9.13% |
| Converted amount (£1 base) | £1.19 |
| Price difference (£1 base) | £0.19 |
| CPI in 1950 | 33.000 |
| CPI in 1952 | 39.300 |
| Inflation in 1950 | 3.13% |
| Inflation in 1952 | 9.17% |