Inflation in 1952 and its effect on pound value
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.
In other words, £1 in 1951 is equivalent in purchasing power to about £1.09 in 1952.
The 1951 inflation rate was 9.09%. The inflation rate in 1952 was 9.17%. The 1952 inflation rate is higher compared to the average inflation rate of 5.07% per year between 1952 and 2020.
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.
⌃
| Average inflation rate | 9.17% |
| Converted amount (£1 base) | £1.09 |
| Price difference (£1 base) | £0.09 |
| CPI in 1951 | 36.000 |
| CPI in 1952 | 39.300 |
| Inflation in 1951 | 9.09% |
| Inflation in 1952 | 9.17% |
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%
News headlines from 1951
Politics and news often influence economic performance. Here's what was happening at the time:
- Stalin's announces that the USSR has developed an atomic bomb.
- Luis Miramontes, a Mexican chemist, successfully synthesises the first oral contraceptive.
- The first underground atomic explosion happens at Frenchman Flat, Nevada.
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, 29 May. 2020, https://www.officialdata.org/UK-inflation-rate-in-1952.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Average inflation rate | 9.17% |
| Converted amount (£1 base) | £1.09 |
| Price difference (£1 base) | £0.09 |
| CPI in 1951 | 36.000 |
| CPI in 1952 | 39.300 |
| Inflation in 1951 | 9.09% |
| Inflation in 1952 | 9.17% |
