£1 in 1770 is worth £1.08 in 1768

Value of £1 from 1770 to 1768

£1 in 1770 is equivalent in purchasing power to about £1.08 in 1768, a difference of £0.08 over 2 years. The pound had an average deflation rate of -3.80% per year since 1768, producing a cumulative price change of 8.06%.

This means that prices in 1768 are 1.08 times as high as average prices since 1770, according to the Office for National Statistics composite price index.

The inflation rate in 1768 was -1.47%. The inflation rate in 1770 was 0.00%. The 1770 inflation rate is lower compared to the average inflation rate of 2.16% per year between 1770 and 2024.


Inflation from 1770 to 1768
Cumulative price change8.06%
Average inflation rate-3.80%
Converted amount
£1 base
£1.08
Price difference
£1 base
£0.08
CPI in 17706.200
CPI in 17686.700
Inflation in 1768-1.47%
Inflation in 17700.00%
£1 in 1770£1.08 in 1768

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

Buying power of £1 in 1768

This chart shows a calculation of buying power equivalence for £1 in 1768 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.08 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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: 1768-1770
YearPound ValueInflation Rate
1768£1.00-1.47%
1769£0.93-7.46%
1770£0.930.00%
1771£1.008.06%
1772£1.1010.45%
1773£1.100.00%
1774£1.121.35%
1775£1.04-6.67%
1776£1.03-1.43%
1777£1.030.00%
1778£1.062.90%
1779£0.97-8.45%
1780£0.94-3.08%
1781£0.994.76%
1782£1.001.52%
1783£1.1211.94%
1784£1.131.33%
1785£1.07-5.26%
1786£1.070.00%
1787£1.070.00%
1788£1.124.17%
1789£1.10-1.33%
1790£1.121.35%
1791£1.120.00%
1792£1.131.33%
1793£1.162.63%
1794£1.278.97%
1795£1.4010.59%
1796£1.496.38%
1797£1.34-10.00%
1798£1.31-2.22%
1799£1.4812.50%
1800£2.0136.36%
1801£2.2511.85%
1802£1.73-23.18%
1803£1.64-5.17%
1804£1.692.73%
1805£1.9615.93%
1806£1.88-3.82%
1807£1.84-2.38%
1808£1.914.07%
1809£2.099.37%
1810£2.152.86%
1811£2.09-2.78%
1812£2.3713.57%
1813£2.432.52%
1814£2.12-12.88%
1815£1.90-10.56%
1816£1.73-8.66%
1817£1.9713.79%
1818£1.970.00%
1819£1.93-2.27%
1820£1.75-9.30%
1821£1.54-11.97%
1822£1.33-13.59%
1823£1.426.74%
1824£1.548.42%
1825£1.8117.48%
1826£1.70-5.79%
1827£1.60-6.14%
1828£1.55-2.80%
1829£1.54-0.96%
1830£1.48-3.88%
1831£1.6310.10%
1832£1.51-7.34%
1833£1.42-5.94%
1834£1.30-8.42%
1835£1.332.30%
1836£1.4811.24%
1837£1.512.02%
1838£1.520.99%
1839£1.636.86%
1840£1.661.83%
1841£1.63-1.80%
1842£1.49-8.26%
1843£1.33-11.00%
1844£1.330.00%
1845£1.394.49%
1846£1.454.30%
1847£1.6312.37%
1848£1.42-12.84%
1849£1.33-6.32%
1850£1.25-5.62%
1851£1.21-3.57%
1852£1.210.00%
1853£1.339.88%
1854£1.5214.61%
1855£1.572.94%
1856£1.570.00%
1857£1.49-4.76%
1858£1.36-9.00%
1859£1.34-1.10%
1860£1.393.33%
1861£1.422.15%
1862£1.39-2.11%
1863£1.34-3.23%
1864£1.33-1.11%
1865£1.341.12%
1866£1.425.56%
1867£1.516.32%
1868£1.49-0.99%
1869£1.42-5.00%
1870£1.420.00%
1871£1.431.05%
1872£1.494.17%
1873£1.554.00%
1874£1.49-3.85%
1875£1.46-2.00%
1876£1.460.00%
1877£1.45-1.02%
1878£1.42-2.06%
1879£1.36-4.21%
1880£1.403.30%
1881£1.39-1.06%
1882£1.401.08%
1883£1.39-1.06%
1884£1.36-2.15%
1885£1.31-3.30%
1886£1.30-1.14%
1887£1.28-1.15%
1888£1.301.16%
1889£1.311.15%
1890£1.310.00%
1891£1.331.14%
1892£1.330.00%
1893£1.31-1.12%
1894£1.30-1.14%
1895£1.28-1.15%
1896£1.27-1.16%
1897£1.302.35%
1898£1.300.00%
1899£1.311.15%
1900£1.374.55%
1901£1.370.00%
1902£1.370.00%
1903£1.391.09%
1904£1.390.00%
1905£1.390.00%
1906£1.390.00%
1907£1.401.08%
1908£1.400.00%
1909£1.421.06%
1910£1.431.05%
1911£1.430.00%
1912£1.483.13%
1913£1.46-1.01%
1914£1.460.00%
1915£1.6412.24%
1916£1.9418.18%
1917£2.4325.38%
1918£2.9722.09%
1919£3.2710.05%
1920£3.7815.53%
1921£3.45-8.70%
1922£2.97-13.85%
1923£2.79-6.03%
1924£2.78-0.53%
1925£2.780.00%
1926£2.76-0.54%
1927£2.69-2.70%
1928£2.690.00%
1929£2.66-1.11%
1930£2.58-2.81%
1931£2.48-4.05%
1932£2.42-2.41%
1933£2.36-2.47%
1934£2.360.00%
1935£2.370.63%
1936£2.390.63%
1937£2.483.75%
1938£2.511.20%
1939£2.582.98%
1940£3.0116.76%
1941£3.3410.89%
1942£3.587.14%
1943£3.703.33%
1944£3.812.82%
1945£3.912.75%
1946£4.033.05%
1947£4.317.04%
1948£4.647.61%
1949£4.782.89%
1950£4.933.13%
1951£5.379.09%
1952£5.879.17%
1953£6.043.05%
1954£6.161.98%
1955£6.434.36%
1956£6.765.10%
1957£7.003.53%
1958£7.223.20%
1959£7.250.41%
1960£7.331.03%
1961£7.583.46%
1962£7.914.33%
1963£8.061.89%
1964£8.333.33%
1965£8.724.66%
1966£9.063.94%
1967£9.302.64%
1968£9.734.65%
1969£10.255.37%
1970£10.916.40%
1971£11.949.44%
1972£12.797.13%
1973£13.969.10%
1974£16.1916.04%
1975£20.1224.24%
1976£23.4516.54%
1977£27.1615.85%
1978£29.428.30%
1979£33.3613.39%
1980£39.3617.99%
1981£44.0311.87%
1982£47.828.61%
1983£50.014.59%
1984£52.514.98%
1985£55.706.08%
1986£57.603.40%
1987£60.004.17%
1988£62.944.90%
1989£67.847.78%
1990£74.259.46%
1991£78.615.87%
1992£81.553.74%
1993£82.851.59%
1994£84.852.41%
1995£87.793.47%
1996£89.912.41%
1997£92.733.14%
1998£95.913.43%
1999£97.391.54%
2000£100.272.96%
2001£102.041.77%
2002£103.751.67%
2003£106.752.89%
2004£109.932.98%
2005£113.032.82%
2006£116.643.20%
2007£121.644.29%
2008£126.493.99%
2009£125.82-0.53%
2010£131.634.61%
2011£138.485.20%
2012£142.933.21%
2013£147.273.04%
2014£150.752.36%
2015£152.240.99%
2016£154.881.74%
2017£160.433.58%
2018£164.762.70%
2019£168.882.50%
2020£171.921.80%
2021£176.212.49%
2022£190.137.90%
2023£203.577.07%
2024£211.513.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1768 amounts in 1770 pounds, based on the 8.06% change in prices:

Conversion: 1768 pounds in 1770
Initial valueEquivalent value
£1 pound in 1768£0.93 pounds in 1770
£5 pounds in 1768£4.63 pounds in 1770
£10 pounds in 1768£9.25 pounds in 1770
£50 pounds in 1768£46.27 pounds in 1770
£100 pounds in 1768£92.54 pounds in 1770
£500 pounds in 1768£462.69 pounds in 1770
£1,000 pounds in 1768£925.37 pounds in 1770
£5,000 pounds in 1768£4,626.87 pounds in 1770
£10,000 pounds in 1768£9,253.73 pounds in 1770
£50,000 pounds in 1768£46,268.66 pounds in 1770
£100,000 pounds in 1768£92,537.31 pounds in 1770
£500,000 pounds in 1768£462,686.57 pounds in 1770
£1,000,000 pounds in 1768£925,373.13 pounds in 1770

How to calculate inflation rate for £1, 1768 to 1770

Our calculations use the following inflation rate formula to calculate the change in value between 1768 and 1770:

CPI in 1768 CPI in 1770
×
1770 GBP value
=
1768 GBP value

Then plug in historical CPI values. The U.K. CPI was 6.2 in the year 1770 and 6.7 in 1768:

6.76.2
×
£1
=
£1.08

£1 in 1770 has the same "purchasing power" or "buying power" as £1.08 in 1768.

To get the total inflation rate for the 2 years between 1768 and 1770, we use the following formula:

CPI in 1768 - CPI in 1770CPI in 1770
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

6.7 - 6.26.2
×
100
=
8%

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 the current year, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page: “£1 in 1770 → 1768 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2024, https://www.officialdata.org/uk/inflation/1770?amount=1&endYear=1768.

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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» Read more about inflation and investment.

Inflation from 1770 to 1768
Cumulative price change8.06%
Average inflation rate-3.80%
Converted amount
£1 base
£1.08
Price difference
£1 base
£0.08
CPI in 17706.200
CPI in 17686.700
Inflation in 1768-1.47%
Inflation in 17700.00%
£1 in 1770£1.08 in 1768