£1 in 1935 is equivalent in purchasing power to about £0.99 in 1934. The pound had an average inflation rate of 0.63% per year between 1934 and 1935, producing a cumulative price increase of -0.63%.

This means that prices in 1934 are 0.63% lower than average prices since 1935, according to the Office for National Statistics composite price index.

The 1934 inflation rate was 0.00%. The inflation rate in 1935 was 0.63%. The 1935 inflation rate is lower compared to the average inflation rate of 5.14% per year between 1935 and 2021.

⌃

Average inflation rate | 0.63% |

Converted amount (£1 base) | £0.99 |

Price difference (£1 base) | £-0.01 |

CPI in 1935 | 15.900 |

CPI in 1934 | 15.800 |

Inflation in 1934 | 0.00% |

Inflation in 1935 | 0.63% |

£1 in 1935 | £0.99 in 1934 |

Our calculations use the following inflation rate formula to calculate the change in value between 1934 and 1935:

CPI in 1934
CPI in 1935

×

1935 GBP value

=

1934 GBP value

Then plug in historical CPI values. The U.K. CPI was 15.9 in the year 1935 and 15.8 in 1934:

15.815.9

×

£1

=

£1 in 1935 has the same "purchasing power" or "buying power" as £0.99 in 1934.

To get the total inflation rate for the 1 years between 1934 and 1935, we use the following formula:

CPI in 1934 - CPI in 1935CPI in 1935

×

100

=

Plugging in the values to this equation, we get:

15.8 - 15.915.9

×

100

=

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

- Hitler violates the Treaty of Versailles by ordering German rearmament.
- In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
- Communist forces end their Long March bringing Mao Zedong to prominence.
- First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

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: “£1 in 1935 → 1934 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Dec. 2021, https://www.officialdata.org/uk/inflation/1935?amount=1&endYear=1934.

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 | 0.63% |

Converted amount (£1 base) | £0.99 |

Price difference (£1 base) | £-0.01 |

CPI in 1935 | 15.900 |

CPI in 1934 | 15.800 |

Inflation in 1934 | 0.00% |

Inflation in 1935 | 0.63% |

£1 in 1935 | £0.99 in 1934 |