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# U.K. inflation rate in 1912: 3.13%

### Inflation in 1912 and Its Effect on Pound Value

Purchasing power decreased by 3.13% in 1912 compared to 1911. On average, you would have to spend 3.13% more money in 1912 than in 1911 for the same item.

In other words, £1 in 1911 is equivalent in purchasing power to about £1.03 in 1912.

The 1911 inflation rate was 0.00%. The inflation rate in 1912 was 3.13%. The 1912 inflation rate is lower compared to the average inflation rate of 4.49% per year between 1912 and 2020.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1912 was 9.90. It was 9.60 in the previous year, 1911. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

 Average inflation rate 3.13% Converted amount (£1 base) £1.03 Price difference (£1 base) £0.03 CPI in 1911 9.600 CPI in 1912 9.900 Inflation in 1911 0.00% Inflation in 1912 3.13%

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

### How to Calculate Inflation Rate for £1, 1911 to 1912

This inflation calculator uses the following inflation rate formula:

CPI in 1912CPI in 1911
×
1911 GBP value
=
1912 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.6 in the year 1911 and 9.9 in 1912:

9.99.6
×
£1
=
£1.03

£1 in 1911 has the same "purchasing power" or "buying power" as £1.03 in 1912.

To get the total inflation rate for the 1 years between 1911 and 1912, we use the following formula:

CPI in 1912 - CPI in 1911CPI in 1911
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.9 - 9.69.6
×
100
=
3%

### News headlines from 1911

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

• Vicenzo Perugia steals Leonardo da Vinci's masterpiece, the Mona Lisa. It was recovered in Florence in 1913.

### 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: “Inflation Rate in 1912 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Jan. 2020, https://www.officialdata.org/UK-inflation-rate-in-1912.

Special thanks to QuickChart for providing downloadable chart images.

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 3.13% Converted amount (£1 base) £1.03 Price difference (£1 base) £0.03 CPI in 1911 9.600 CPI in 1912 9.900 Inflation in 1911 0.00% Inflation in 1912 3.13%