£1 in 1765 is worth £0.97 in 1764

Value of £1 from 1765 to 1764

£1 in 1765 is equivalent in purchasing power to about £0.97 in 1764. The pound had an average inflation rate of 3.23% per year between 1764 and 1765, producing a cumulative price increase of -3.12%.

This means that prices in 1764 are 3.12% lower than average prices since 1765, according to the Office for National Statistics composite price index.

The 1764 inflation rate was 8.77%. The inflation rate in 1765 was 3.23%. The 1765 inflation rate is higher compared to the average inflation rate of 2.05% per year between 1765 and 2021.


Inflation from 1765 to 1764
Average inflation rate 3.23%
Converted amount (£1 base) £0.97
Price difference (£1 base) £-0.03
CPI in 1765 6.400
CPI in 1764 6.200
Inflation in 1764 8.77%
Inflation in 1765 3.23%
£1 in 1765 £0.97 in 1764

GBP Inflation since 1750
Annual Rate, the Office for National Statistics CPI
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How to Calculate Inflation Rate for £1, 1764 to 1765

Our calculations use the following inflation rate formula to calculate the change in value between 1764 and 1765:

CPI in 1764 CPI in 1765
×
1765 GBP value
=
1764 GBP value

Then plug in historical CPI values. The U.K. CPI was 6.4 in the year 1765 and 6.2 in 1764:

6.26.4
×
£1
=
£0.97

£1 in 1765 has the same "purchasing power" or "buying power" as £0.97 in 1764.

To get the total inflation rate for the 1 years between 1764 and 1765, we use the following formula:

CPI in 1764 - CPI in 1765CPI in 1765
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

6.2 - 6.46.4
×
100
=
-3%

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 1765 → 1764 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Jun. 2021, https://www.officialdata.org/uk/inflation/1765?amount=1&endYear=1764.

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.


Ian Webster

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.

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Inflation from 1765 to 1764
Average inflation rate 3.23%
Converted amount (£1 base) £0.97
Price difference (£1 base) £-0.03
CPI in 1765 6.400
CPI in 1764 6.200
Inflation in 1764 8.77%
Inflation in 1765 3.23%
£1 in 1765 £0.97 in 1764