# £1 in 1760 is worth £1.04 in 1759

£

## Value of £1 from 1760 to 1759

£1 in 1760 is equivalent in purchasing power to about £1.04 in 1759. The pound had an average deflation rate of -3.45% per year since 1759, producing a cumulative price change of 3.57%.

This means that prices in 1759 are 1.04 times higher than average prices since 1760, according to the Office for National Statistics composite price index.

The inflation rate in 1759 was -7.94%. The inflation rate in 1760 was -3.45%. The 1760 inflation rate is lower compared to the average inflation rate of 2.07% per year between 1760 and 2022.

 Average inflation rate -3.45% Converted amount (£1 base) £1.04 Price difference (£1 base) £0.04 CPI in 1760 5.600 CPI in 1759 5.800 Inflation in 1759 -7.94% Inflation in 1760 -3.45% £1 in 1760 £1.04 in 1759

Recent GBP inflation
Annual Rate, the Office for National Statistics CPI

## How to calculate inflation rate for £1, 1759 to 1760

Our calculations use the following inflation rate formula to calculate the change in value between 1759 and 1760:

CPI in 1759 CPI in 1760
×
1760 GBP value
=
1759 GBP value

Then plug in historical CPI values. The U.K. CPI was 5.6 in the year 1760 and 5.8 in 1759:

5.85.6
×
£1
=
£1.04

£1 in 1760 has the same "purchasing power" or "buying power" as £1.04 in 1759.

To get the total inflation rate for the 1 years between 1759 and 1760, we use the following formula:

CPI in 1759 - CPI in 1760CPI in 1760
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

5.8 - 5.65.6
×
100
=
4%

## 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 1760 → 1759 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jun. 2022, https://www.officialdata.org/uk/inflation/1760?amount=1&endYear=1759.

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.