# U.K. inflation rate in 1898: 0.00%

£

## Inflation in 1898 and its effect on pound value

£1 in 1897 is equivalent in purchasing power to about £1 in 1898. The pound had an average inflation rate of 0.00% per year between 1897 and 1898, producing a cumulative price increase of 0.00%. Purchasing power decreased by 0.00% in 1898 compared to 1897. On average, you would have to spend 0.00% more money in 1898 than in 1897 for the same item.

The inflation rate in 1897 was 2.35%. The inflation rate in 1898 was 0.00%. The 1898 inflation rate is lower compared to the average inflation rate of 4.12% per year between 1898 and 2024.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1898 was 8.70. It was 8.70 in the previous year, 1897. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

 Average inflation rate 0.00% Converted amount£1 base £1 Price difference£1 base £0.00 CPI in 1897 8.700 CPI in 1898 8.700 Inflation in 1897 2.35% Inflation in 1898 0.00% £1 in 1897 £1 in 1898

Recent GBP inflation
Annual Rate, the Office for National Statistics CPI

## How to calculate inflation rate for £1, 1897 to 1898

Our calculations use the following inflation rate formula to calculate the change in value between 1897 and 1898:

CPI in 1898 CPI in 1897
×
1897 GBP value
=
1898 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.7 in the year 1897 and 8.7 in 1898:

8.78.7
×
£1
=
£1

£1 in 1897 has the same "purchasing power" or "buying power" as £1 in 1898.

To get the total inflation rate for the 1 years between 1897 and 1898, we use the following formula:

CPI in 1898 - CPI in 1897CPI in 1897
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.7 - 8.78.7
×
100
=
0%

## 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 the current year, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page: “Inflation Rate in 1898 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Jul. 2024, https://www.officialdata.org/UK-inflation-rate-in-1898.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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.

 Average inflation rate 0.00% Converted amount£1 base £1 Price difference£1 base £0.00 CPI in 1897 8.700 CPI in 1898 8.700 Inflation in 1897 2.35% Inflation in 1898 0.00% £1 in 1897 £1 in 1898