# £250 in 1965 is worth £4,800.61 in 2019

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## Value of £250 from 1965 to 2019

According to the Office for National Statistics composite price index, prices in 2019 are 1,820.24% higher than average prices since 1965. The British pound experienced an average inflation rate of 5.62% per year during this period, causing the real value of a pound to decrease.

In other words, £250 in 1965 is equivalent in purchasing power to about £4,800.61 in 2019, a difference of £4,550.61 over 54 years.

The 1965 inflation rate was 4.66%. The inflation rate in 2019 was 1.80%. The 2019 inflation rate is higher compared to the average inflation rate of 1.50% per year between 2019 and 2020.

 Cumulative price change 1,820.24% Average inflation rate 5.62% Converted amount (£250 base) £4,800.61 Price difference (£250 base) £4,550.61 CPI in 1965 58.400 CPI in 2019 1,121.422 Inflation in 1965 4.66% Inflation in 2019 1.80%

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

## Buying power of £250 in 1965

This chart shows a calculation of buying power equivalence for £250 in 1965 (price index tracking began in 1750).

For example, if you started with £250, you would need to end with £4,800.61 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £250 is equivalent to £4,800.61 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 1965 dollars, the chart below shows how £250 is worth less over 54 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: 1965-2019
Year Pound Value Inflation Rate
1965 £250.00 4.66%
1966 £259.85 3.94%
1967 £266.70 2.64%
1968 £279.11 4.65%
1969 £294.09 5.37%
1970 £312.93 6.40%
1971 £342.47 9.44%
1972 £366.87 7.13%
1973 £400.26 9.10%
1974 £464.47 16.04%
1975 £577.05 24.24%
1976 £672.52 16.54%
1977 £779.11 15.85%
1978 £843.75 8.30%
1979 £956.76 13.39%
1980 £1,128.85 17.99%
1981 £1,262.84 11.87%
1982 £1,371.58 8.61%
1983 £1,434.50 4.59%
1984 £1,505.99 4.98%
1985 £1,597.60 6.08%
1986 £1,651.97 3.40%
1987 £1,720.89 4.17%
1988 £1,805.22 4.90%
1989 £1,945.63 7.78%
1990 £2,129.71 9.46%
1991 £2,254.71 5.87%
1992 £2,339.04 3.74%
1993 £2,376.28 1.59%
1994 £2,433.65 2.41%
1995 £2,517.98 3.47%
1996 £2,578.77 2.41%
1997 £2,659.67 3.14%
1998 £2,750.86 3.43%
1999 £2,793.24 1.54%
2000 £2,875.86 2.96%
2001 £2,926.80 1.77%
2002 £2,975.60 1.67%
2003 £3,061.64 2.89%
2004 £3,152.83 2.98%
2005 £3,241.87 2.82%
2006 £3,345.46 3.20%
2007 £3,488.87 4.29%
2008 £3,628.00 3.99%
2009 £3,608.73 -0.53%
2010 £3,775.26 4.61%
2011 £3,971.75 5.20%
2012 £4,099.32 3.21%
2013 £4,223.89 3.04%
2014 £4,323.63 2.36%
2015 £4,366.44 0.99%
2016 £4,442.21 1.74%
2017 £4,601.46 3.58%
2018 £4,715.72 2.48%
2019 £4,800.61 1.80%
2020 £4,872.62 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 48 more rows

This conversion table shows various other 1965 amounts in 2019 pounds, based on the 1,820.24% change in prices:

Conversion Table: Value of a pound in 2019
Initial value Equivalent value
£1 pound in 1965 £19.20 pounds in 2019
£5 pounds in 1965 £96.01 pounds in 2019
£10 pounds in 1965 £192.02 pounds in 2019
£50 pounds in 1965 £960.12 pounds in 2019
£100 pounds in 1965 £1,920.24 pounds in 2019
£500 pounds in 1965 £9,601.22 pounds in 2019
£1,000 pounds in 1965 £19,202.43 pounds in 2019
£5,000 pounds in 1965 £96,012.16 pounds in 2019
£10,000 pounds in 1965 £192,024.32 pounds in 2019
£50,000 pounds in 1965 £960,121.60 pounds in 2019
£100,000 pounds in 1965 £1,920,243.20 pounds in 2019
£500,000 pounds in 1965 £9,601,216.01 pounds in 2019
£1,000,000 pounds in 1965 £19,202,432.03 pounds in 2019

## How to Calculate Inflation Rate for £250, 1965 to 2019

Our calculations use the following inflation rate formula to calculate the change in value between 1965 and 2019:

CPI in 2019 CPI in 1965
×
1965 GBP value
=
2019 GBP value

Then plug in historical CPI values. The U.K. CPI was 58.4 in the year 1965 and 1121.4220303 in 2019:

1121.422030358.4
×
£250
=
£4,800.61

£250 in 1965 has the same "purchasing power" or "buying power" as £4,800.61 in 2019.

To get the total inflation rate for the 54 years between 1965 and 2019, we use the following formula:

CPI in 2019 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (54 years)

Plugging in the values to this equation, we get:

1121.4220303 - 58.458.4
×
100
=
1,820%

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

• Aleksei Leonov, a Soviet cosmonaut, makes the first Spacewalk, when he leaves the Hos spacecraft for 12 minutes.
• Winston Churchill, is given the largest state funeral ever, it takes place in St Paul's Cathedral, London.
• The Supreme Court legalises the use of contraception by married couples.
• France becomes the third nation in space, after launching its first satellite.
• Lyndon B. Johnson, US President, signs the Voting Rights Act, making voting discrimination against minorities illegal.

## 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: “£250 in 1965 → 2019 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 May. 2020, https://www.officialdata.org/1965-GBP-in-2019?amount=250.