# £1 in 1760 is worth £1.11 in 1770

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## Value of £1 from 1760 to 1770

£1 in 1760 is equivalent in purchasing power to about £1.11 in 1770, an increase of £0.11 over 10 years. The pound had an average inflation rate of 1.02% per year between 1760 and 1770, producing a cumulative price increase of 10.71%.

This means that prices in 1770 are 1.11 times higher than average prices since 1760, according to the Office for National Statistics composite price index.

The 1760 inflation rate was -3.45%. The inflation rate in 1770 was 0.00%. The 1770 inflation rate is lower compared to the average inflation rate of 2.12% per year between 1770 and 2021.

 Cumulative price change 10.71% Average inflation rate 1.02% Converted amount (£1 base) £1.11 Price difference (£1 base) £0.11 CPI in 1760 5.600 CPI in 1770 6.200 Inflation in 1760 -3.45% Inflation in 1770 0.00% £1 in 1760 £1.11 in 1770

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

## Buying power of £1 in 1760

This chart shows a calculation of buying power equivalence for £1 in 1760 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.11 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.11 over time, that means that the "real value" of a single U.K. pound decreases over time. In other words, a pound will pay for fewer items at the store.

This effect explains how inflation erodes the value of a pound over time. By calculating the value in 1760 dollars, the chart below shows how £1 is worth less over 10 years.

According to the Office for National Statistics, each of these GBP amounts below is equal in terms of what it could buy at the time:

Pound inflation: 1760-1770
Year Pound Value Inflation Rate
1760 £1.00 -3.45%
1761 £0.95 -5.36%
1762 £0.98 3.77%
1763 £1.02 3.64%
1764 £1.11 8.77%
1765 £1.14 3.23%
1766 £1.16 1.56%
1767 £1.21 4.62%
1768 £1.20 -1.47%
1769 £1.11 -7.46%
1770 £1.11 0.00%
1771 £1.20 8.06%
1772 £1.32 10.45%
1773 £1.32 0.00%
1774 £1.34 1.35%
1775 £1.25 -6.67%
1776 £1.23 -1.43%
1777 £1.23 0.00%
1778 £1.27 2.90%
1779 £1.16 -8.45%
1780 £1.13 -3.08%
1781 £1.18 4.76%
1782 £1.20 1.52%
1783 £1.34 11.94%
1784 £1.36 1.33%
1785 £1.29 -5.26%
1786 £1.29 0.00%
1787 £1.29 0.00%
1788 £1.34 4.17%
1789 £1.32 -1.33%
1790 £1.34 1.35%
1791 £1.34 0.00%
1792 £1.36 1.33%
1793 £1.39 2.63%
1794 £1.52 8.97%
1795 £1.68 10.59%
1796 £1.79 6.38%
1797 £1.61 -10.00%
1798 £1.57 -2.22%
1799 £1.77 12.50%
1800 £2.41 36.36%
1801 £2.70 11.85%
1802 £2.07 -23.18%
1803 £1.96 -5.17%
1804 £2.02 2.73%
1805 £2.34 15.93%
1806 £2.25 -3.82%
1807 £2.20 -2.38%
1808 £2.29 4.07%
1809 £2.50 9.37%
1810 £2.57 2.86%
1811 £2.50 -2.78%
1812 £2.84 13.57%
1813 £2.91 2.52%
1814 £2.54 -12.88%
1815 £2.27 -10.56%
1816 £2.07 -8.66%
1817 £2.36 13.79%
1818 £2.36 0.00%
1819 £2.30 -2.27%
1820 £2.09 -9.30%
1821 £1.84 -11.97%
1822 £1.59 -13.59%
1823 £1.70 6.74%
1824 £1.84 8.42%
1825 £2.16 17.48%
1826 £2.04 -5.79%
1827 £1.91 -6.14%
1828 £1.86 -2.80%
1829 £1.84 -0.96%
1830 £1.77 -3.88%
1831 £1.95 10.10%
1832 £1.80 -7.34%
1833 £1.70 -5.94%
1834 £1.55 -8.42%
1835 £1.59 2.30%
1836 £1.77 11.24%
1837 £1.80 2.02%
1838 £1.82 0.99%
1839 £1.95 6.86%
1840 £1.98 1.83%
1841 £1.95 -1.80%
1842 £1.79 -8.26%
1843 £1.59 -11.00%
1844 £1.59 0.00%
1845 £1.66 4.49%
1846 £1.73 4.30%
1847 £1.95 12.37%
1848 £1.70 -12.84%
1849 £1.59 -6.32%
1850 £1.50 -5.62%
1851 £1.45 -3.57%
1852 £1.45 0.00%
1853 £1.59 9.88%
1854 £1.82 14.61%
1855 £1.88 2.94%
1856 £1.88 0.00%
1857 £1.79 -4.76%
1858 £1.63 -9.00%
1859 £1.61 -1.10%
1860 £1.66 3.33%
1861 £1.70 2.15%
1862 £1.66 -2.11%
1863 £1.61 -3.23%
1864 £1.59 -1.11%
1865 £1.61 1.12%
1866 £1.70 5.56%
1867 £1.80 6.32%
1868 £1.79 -0.99%
1869 £1.70 -5.00%
1870 £1.70 0.00%
1871 £1.71 1.05%
1872 £1.79 4.17%
1873 £1.86 4.00%
1874 £1.79 -3.85%
1875 £1.75 -2.00%
1876 £1.75 0.00%
1877 £1.73 -1.02%
1878 £1.70 -2.06%
1879 £1.63 -4.21%
1880 £1.68 3.30%
1881 £1.66 -1.06%
1882 £1.68 1.08%
1883 £1.66 -1.06%
1884 £1.63 -2.15%
1885 £1.57 -3.30%
1886 £1.55 -1.14%
1887 £1.54 -1.15%
1888 £1.55 1.16%
1889 £1.57 1.15%
1890 £1.57 0.00%
1891 £1.59 1.14%
1892 £1.59 0.00%
1893 £1.57 -1.12%
1894 £1.55 -1.14%
1895 £1.54 -1.15%
1896 £1.52 -1.16%
1897 £1.55 2.35%
1898 £1.55 0.00%
1899 £1.57 1.15%
1900 £1.64 4.55%
1901 £1.64 0.00%
1902 £1.64 0.00%
1903 £1.66 1.09%
1904 £1.66 0.00%
1905 £1.66 0.00%
1906 £1.66 0.00%
1907 £1.68 1.08%
1908 £1.68 0.00%
1909 £1.70 1.06%
1910 £1.71 1.05%
1911 £1.71 0.00%
1912 £1.77 3.13%
1913 £1.75 -1.01%
1914 £1.75 0.00%
1915 £1.96 12.24%
1916 £2.32 18.18%
1917 £2.91 25.38%
1918 £3.55 22.09%
1919 £3.91 10.05%
1920 £4.52 15.53%
1921 £4.13 -8.70%
1922 £3.55 -13.85%
1923 £3.34 -6.03%
1924 £3.32 -0.53%
1925 £3.32 0.00%
1926 £3.30 -0.54%
1927 £3.21 -2.70%
1928 £3.21 0.00%
1929 £3.18 -1.11%
1930 £3.09 -2.81%
1931 £2.96 -4.05%
1932 £2.89 -2.41%
1933 £2.82 -2.47%
1934 £2.82 0.00%
1935 £2.84 0.63%
1936 £2.86 0.63%
1937 £2.96 3.75%
1938 £3.00 1.20%
1939 £3.09 2.98%
1940 £3.61 16.76%
1941 £4.00 10.89%
1942 £4.29 7.14%
1943 £4.43 3.33%
1944 £4.55 2.82%
1945 £4.68 2.75%
1946 £4.82 3.05%
1947 £5.16 7.04%
1948 £5.55 7.61%
1949 £5.71 2.89%
1950 £5.89 3.13%
1951 £6.43 9.09%
1952 £7.02 9.17%
1953 £7.23 3.05%
1954 £7.38 1.98%
1955 £7.70 4.36%
1956 £8.09 5.10%
1957 £8.38 3.53%
1958 £8.64 3.20%
1959 £8.68 0.41%
1960 £8.77 1.03%
1961 £9.07 3.46%
1962 £9.46 4.33%
1963 £9.64 1.89%
1964 £9.96 3.33%
1965 £10.43 4.66%
1966 £10.84 3.94%
1967 £11.13 2.64%
1968 £11.64 4.65%
1969 £12.27 5.37%
1970 £13.05 6.40%
1971 £14.29 9.44%
1972 £15.30 7.13%
1973 £16.70 9.10%
1974 £19.38 16.04%
1975 £24.07 24.24%
1976 £28.05 16.54%
1977 £32.50 15.85%
1978 £35.20 8.30%
1979 £39.91 13.39%
1980 £47.09 17.99%
1981 £52.68 11.87%
1982 £57.21 8.61%
1983 £59.84 4.59%
1984 £62.82 4.98%
1985 £66.64 6.08%
1986 £68.91 3.40%
1987 £71.79 4.17%
1988 £75.30 4.90%
1989 £81.16 7.78%
1990 £88.84 9.46%
1991 £94.05 5.87%
1992 £97.57 3.74%
1993 £99.13 1.59%
1994 £101.52 2.41%
1995 £105.04 3.47%
1996 £107.57 2.41%
1997 £110.95 3.14%
1998 £114.75 3.43%
1999 £116.52 1.54%
2000 £119.96 2.96%
2001 £122.09 1.77%
2002 £124.13 1.67%
2003 £127.71 2.89%
2004 £131.52 2.98%
2005 £135.23 2.82%
2006 £139.55 3.20%
2007 £145.54 4.29%
2008 £151.34 3.99%
2009 £150.54 -0.53%
2010 £157.48 4.61%
2011 £165.68 5.20%
2012 £171.00 3.21%
2013 £176.20 3.04%
2014 £180.36 2.36%
2015 £182.14 0.99%
2016 £185.30 1.74%
2017 £191.95 3.58%
2018 £197.13 2.70%
2019 £202.06 2.50%
2020 £205.69 1.80%
2021 £212.07 3.10%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 4 more rows

This conversion table shows various other 1760 amounts in 1770 pounds, based on the 10.71% change in prices:

Conversion: 1760 pounds in 1770
Initial value Equivalent value
£1 pound in 1760 £1.11 pounds in 1770
£5 pounds in 1760 £5.54 pounds in 1770
£10 pounds in 1760 £11.07 pounds in 1770
£50 pounds in 1760 £55.36 pounds in 1770
£100 pounds in 1760 £110.71 pounds in 1770
£500 pounds in 1760 £553.57 pounds in 1770
£1,000 pounds in 1760 £1,107.14 pounds in 1770
£5,000 pounds in 1760 £5,535.71 pounds in 1770
£10,000 pounds in 1760 £11,071.43 pounds in 1770
£50,000 pounds in 1760 £55,357.14 pounds in 1770
£100,000 pounds in 1760 £110,714.29 pounds in 1770
£500,000 pounds in 1760 £553,571.43 pounds in 1770
£1,000,000 pounds in 1760 £1,107,142.86 pounds in 1770

## How to Calculate Inflation Rate for £1, 1760 to 1770

Our calculations use the following inflation rate formula to calculate the change in value between 1760 and 1770:

CPI in 1770 CPI in 1760
×
1760 GBP value
=
1770 GBP value

Then plug in historical CPI values. The U.K. CPI was 5.6 in the year 1760 and 6.2 in 1770:

6.25.6
×
£1
=
£1.11

£1 in 1760 has the same "purchasing power" or "buying power" as £1.11 in 1770.

To get the total inflation rate for the 10 years between 1760 and 1770, we use the following formula:

CPI in 1770 - CPI in 1760CPI in 1760
×
100
=
Cumulative inflation rate (10 years)

Plugging in the values to this equation, we get:

6.2 - 5.65.6
×
100
=
11%

## 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 → 1770 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Dec. 2021, https://www.officialdata.org/uk/inflation/1760?amount=1&endYear=1770.

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.

#### 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.

 Cumulative price change 10.71% Average inflation rate 1.02% Converted amount (£1 base) £1.11 Price difference (£1 base) £0.11 CPI in 1760 5.600 CPI in 1770 6.200 Inflation in 1760 -3.45% Inflation in 1770 0.00% £1 in 1760 £1.11 in 1770