Inflation in 1906 and its effect on pound value
£1 in 1905 is equivalent in purchasing power to about £1 in 1906. The pound had an average inflation rate of 0.00% per year between 1905 and 1906, producing a cumulative price increase of 0.00%. Purchasing power decreased by 0.00% in 1906 compared to 1905. On average, you would have to spend 0.00% more money in 1906 than in 1905 for the same item.
The inflation rate in 1905 was 0.00%. The inflation rate in 1906 was 0.00%. The 1906 inflation rate is lower compared to the average inflation rate of 4.35% per year between 1906 and 2024.
Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1906 was 9.30. It was 9.30 in the previous year, 1905. 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 1905 | 9.300 |
| CPI in 1906 | 9.300 |
| Inflation in 1905 | 0.00% |
| Inflation in 1906 | 0.00% |
| £1 in 1905 | £1 in 1906 |
How to calculate inflation rate for £1, 1905 to 1906
Our calculations use the following inflation rate formula to calculate the change in value between 1905 and 1906:
CPI in 1906 CPI in 1905
×
1905 GBP value
=
1906 GBP value
Then plug in historical CPI values. The U.K. CPI was 9.3 in the year 1905 and 9.3 in 1906:
9.39.3
×
£1
=
£1
£1 in 1905 has the same "purchasing power" or "buying power" as £1 in 1906.
To get the total inflation rate for the 1 years between 1905 and 1906, we use the following formula:
CPI in 1906 - CPI in 1905CPI in 1905
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
9.3 - 9.39.3
×
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 1906 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Dec. 2024, https://www.officialdata.org/UK-inflation-rate-in-1906.
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.
| Average inflation rate | 0.00% |
| Converted amount £1 base | £1 |
| Price difference £1 base | £0.00 |
| CPI in 1905 | 9.300 |
| CPI in 1906 | 9.300 |
| Inflation in 1905 | 0.00% |
| Inflation in 1906 | 0.00% |
| £1 in 1905 | £1 in 1906 |