# £1 in 1755 → £1.06 in 1754

## UK Inflation Calculator

£

### U.K. Inflation Rate, £1 from 1755 to 1754

According to the Office for National Statistics composite price index, prices in 1754 are 6.00% higher than average prices since 1755. The British pound experienced an average deflation rate of -5.66% per year during this period, meaning the real value of a pound increased.

In other words, £1 in 1755 is equivalent in purchasing power to about £1.06 in 1754.

The 1754 inflation rate was 3.92%. The inflation rate in 1755 was -5.66%. The 1755 inflation rate is lower compared to the average inflation rate of 2.07% per year between 1755 and 2020.

 Average inflation rate -5.66% Converted amount (£1 base) £1.06 Price difference (£1 base) £0.06 CPI in 1755 5.000 CPI in 1754 5.300 Inflation in 1754 3.92% Inflation in 1755 -5.66%

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

### How to Calculate Inflation Rate for £1, 1754 to 1755

This inflation calculator uses the following inflation rate formula:

CPI in 1754CPI in 1755
×
1755 GBP value
=
1754 GBP value

Then plug in historical CPI values. The U.K. CPI was 5 in the year 1755 and 5.3 in 1754:

5.35
×
£1
=
£1.06

£1 in 1755 has the same "purchasing power" or "buying power" as £1.06 in 1754.

To get the total inflation rate for the 1 years between 1754 and 1755, we use the following formula:

CPI in 1754 - CPI in 1755CPI in 1755
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

5.3 - 55
×
100
=
6%

### 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: “£1 in 1755 → 1754 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Feb. 2020, https://www.officialdata.org/uk/inflation/1755?amount=1&endYear=1754.