U.K. inflation rate in 1952: 9.17%

£

Inflation in 1952 and its effect on pound value

£1 in 1951 is equivalent in purchasing power to about £1.09 in 1952. The pound had an average inflation rate of 9.17% per year between 1951 and 1952, producing a cumulative price increase of 9.17%. Purchasing power decreased by 9.17% in 1952 compared to 1951. On average, you would have to spend 9.17% more money in 1952 than in 1951 for the same item.

This means that prices in 1952 are 1.09 times higher than average prices since 1951, according to the Office for National Statistics composite price index.

The inflation rate in 1951 was 9.09%. The inflation rate in 1952 was 9.17%. The 1952 inflation rate is higher compared to the average inflation rate of 5.17% per year between 1952 and 2022.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1952 was 39.30. It was 36.00 in the previous year, 1951. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

⌃
Inflation from 1951 to 1952
Average inflation rate9.17%
Converted amount (£1 base)£1.09
Price difference (£1 base)£0.09
CPI in 195136.000
CPI in 195239.300
Inflation in 19519.09%
Inflation in 19529.17%
£1 in 1951£1.09 in 1952
Recent GBP inflation
Annual Rate, the Office for National Statistics CPI
Download

How to calculate inflation rate for £1, 1951 to 1952

Our calculations use the following inflation rate formula to calculate the change in value between 1951 and 1952:

CPI in 1952 CPI in 1951
×
1951 GBP value
=
1952 GBP value

Then plug in historical CPI values. The U.K. CPI was 36 in the year 1951 and 39.3 in 1952:

39.336
×
£1
=
£1.09

£1 in 1951 has the same "purchasing power" or "buying power" as £1.09 in 1952.

To get the total inflation rate for the 1 years between 1951 and 1952, we use the following formula:

CPI in 1952 - CPI in 1951CPI in 1951
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

39.3 - 3636
×
100
=
9%

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 1952 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Nov. 2022, https://www.officialdata.org/UK-inflation-rate-in-1952.

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.

Ian Webster

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.

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Inflation from 1951 to 1952
Average inflation rate9.17%
Converted amount (£1 base)£1.09
Price difference (£1 base)£0.09
CPI in 195136.000
CPI in 195239.300
Inflation in 19519.09%
Inflation in 19529.17%
£1 in 1951£1.09 in 1952