£1 in 1770 is worth £1.19 in 1772

Value of £1 from 1770 to 1772

£1 in 1770 is equivalent in purchasing power to about £1.19 in 1772, an increase of £0.19 over 2 years. The pound had an average inflation rate of 9.25% per year between 1770 and 1772, producing a cumulative price increase of 19.35%.

This means that prices in 1772 are 1.19 times higher than average prices since 1770, according to the Office for National Statistics composite price index.

The 1770 inflation rate was 0.00%. The inflation rate in 1772 was 10.45%. The 1772 inflation rate is higher compared to the average inflation rate of 2.05% per year between 1772 and 2021.


Inflation from 1770 to 1772
Cumulative price change 19.35%
Average inflation rate 9.25%
Converted amount (£1 base) £1.19
Price difference (£1 base) £0.19
CPI in 1770 6.200
CPI in 1772 7.400
Inflation in 1770 0.00%
Inflation in 1772 10.45%
£1 in 1770 £1.19 in 1772

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

Buying power of £1 in 1770

This chart shows a calculation of buying power equivalence for £1 in 1770 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.19 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.19 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 1770 dollars, the chart below shows how £1 is worth less over 2 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: 1770-1772
Year Pound Value Inflation Rate
1770 £1.00 -
1771 £1.08 8.06%
1772 £1.19 10.45%
1773 £1.19 0.00%
1774 £1.21 1.35%
1775 £1.13 -6.67%
1776 £1.11 -1.43%
1777 £1.11 0.00%
1778 £1.15 2.90%
1779 £1.05 -8.45%
1780 £1.02 -3.08%
1781 £1.06 4.76%
1782 £1.08 1.52%
1783 £1.21 11.94%
1784 £1.23 1.33%
1785 £1.16 -5.26%
1786 £1.16 0.00%
1787 £1.16 0.00%
1788 £1.21 4.17%
1789 £1.19 -1.33%
1790 £1.21 1.35%
1791 £1.21 0.00%
1792 £1.23 1.33%
1793 £1.26 2.63%
1794 £1.37 8.97%
1795 £1.52 10.59%
1796 £1.61 6.38%
1797 £1.45 -10.00%
1798 £1.42 -2.22%
1799 £1.60 12.50%
1800 £2.18 36.36%
1801 £2.44 11.85%
1802 £1.87 -23.18%
1803 £1.77 -5.17%
1804 £1.82 2.73%
1805 £2.11 15.93%
1806 £2.03 -3.82%
1807 £1.98 -2.38%
1808 £2.06 4.07%
1809 £2.26 9.37%
1810 £2.32 2.86%
1811 £2.26 -2.78%
1812 £2.56 13.57%
1813 £2.63 2.52%
1814 £2.29 -12.88%
1815 £2.05 -10.56%
1816 £1.87 -8.66%
1817 £2.13 13.79%
1818 £2.13 0.00%
1819 £2.08 -2.27%
1820 £1.89 -9.30%
1821 £1.66 -11.97%
1822 £1.44 -13.59%
1823 £1.53 6.74%
1824 £1.66 8.42%
1825 £1.95 17.48%
1826 £1.84 -5.79%
1827 £1.73 -6.14%
1828 £1.68 -2.80%
1829 £1.66 -0.96%
1830 £1.60 -3.88%
1831 £1.76 10.10%
1832 £1.63 -7.34%
1833 £1.53 -5.94%
1834 £1.40 -8.42%
1835 £1.44 2.30%
1836 £1.60 11.24%
1837 £1.63 2.02%
1838 £1.65 0.99%
1839 £1.76 6.86%
1840 £1.79 1.83%
1841 £1.76 -1.80%
1842 £1.61 -8.26%
1843 £1.44 -11.00%
1844 £1.44 0.00%
1845 £1.50 4.49%
1846 £1.56 4.30%
1847 £1.76 12.37%
1848 £1.53 -12.84%
1849 £1.44 -6.32%
1850 £1.35 -5.62%
1851 £1.31 -3.57%
1852 £1.31 0.00%
1853 £1.44 9.88%
1854 £1.65 14.61%
1855 £1.69 2.94%
1856 £1.69 0.00%
1857 £1.61 -4.76%
1858 £1.47 -9.00%
1859 £1.45 -1.10%
1860 £1.50 3.33%
1861 £1.53 2.15%
1862 £1.50 -2.11%
1863 £1.45 -3.23%
1864 £1.44 -1.11%
1865 £1.45 1.12%
1866 £1.53 5.56%
1867 £1.63 6.32%
1868 £1.61 -0.99%
1869 £1.53 -5.00%
1870 £1.53 0.00%
1871 £1.55 1.05%
1872 £1.61 4.17%
1873 £1.68 4.00%
1874 £1.61 -3.85%
1875 £1.58 -2.00%
1876 £1.58 0.00%
1877 £1.56 -1.02%
1878 £1.53 -2.06%
1879 £1.47 -4.21%
1880 £1.52 3.30%
1881 £1.50 -1.06%
1882 £1.52 1.08%
1883 £1.50 -1.06%
1884 £1.47 -2.15%
1885 £1.42 -3.30%
1886 £1.40 -1.14%
1887 £1.39 -1.15%
1888 £1.40 1.16%
1889 £1.42 1.15%
1890 £1.42 0.00%
1891 £1.44 1.14%
1892 £1.44 0.00%
1893 £1.42 -1.12%
1894 £1.40 -1.14%
1895 £1.39 -1.15%
1896 £1.37 -1.16%
1897 £1.40 2.35%
1898 £1.40 0.00%
1899 £1.42 1.15%
1900 £1.48 4.55%
1901 £1.48 0.00%
1902 £1.48 0.00%
1903 £1.50 1.09%
1904 £1.50 0.00%
1905 £1.50 0.00%
1906 £1.50 0.00%
1907 £1.52 1.08%
1908 £1.52 0.00%
1909 £1.53 1.06%
1910 £1.55 1.05%
1911 £1.55 0.00%
1912 £1.60 3.13%
1913 £1.58 -1.01%
1914 £1.58 0.00%
1915 £1.77 12.24%
1916 £2.10 18.18%
1917 £2.63 25.38%
1918 £3.21 22.09%
1919 £3.53 10.05%
1920 £4.08 15.53%
1921 £3.73 -8.70%
1922 £3.21 -13.85%
1923 £3.02 -6.03%
1924 £3.00 -0.53%
1925 £3.00 0.00%
1926 £2.98 -0.54%
1927 £2.90 -2.70%
1928 £2.90 0.00%
1929 £2.87 -1.11%
1930 £2.79 -2.81%
1931 £2.68 -4.05%
1932 £2.61 -2.41%
1933 £2.55 -2.47%
1934 £2.55 0.00%
1935 £2.56 0.63%
1936 £2.58 0.63%
1937 £2.68 3.75%
1938 £2.71 1.20%
1939 £2.79 2.98%
1940 £3.26 16.76%
1941 £3.61 10.89%
1942 £3.87 7.14%
1943 £4.00 3.33%
1944 £4.11 2.82%
1945 £4.23 2.75%
1946 £4.35 3.05%
1947 £4.66 7.04%
1948 £5.02 7.61%
1949 £5.16 2.89%
1950 £5.32 3.13%
1951 £5.81 9.09%
1952 £6.34 9.17%
1953 £6.53 3.05%
1954 £6.66 1.98%
1955 £6.95 4.36%
1956 £7.31 5.10%
1957 £7.56 3.53%
1958 £7.81 3.20%
1959 £7.84 0.41%
1960 £7.92 1.03%
1961 £8.19 3.46%
1962 £8.55 4.33%
1963 £8.71 1.89%
1964 £9.00 3.33%
1965 £9.42 4.66%
1966 £9.79 3.94%
1967 £10.05 2.64%
1968 £10.52 4.65%
1969 £11.08 5.37%
1970 £11.79 6.40%
1971 £12.90 9.44%
1972 £13.82 7.13%
1973 £15.08 9.10%
1974 £17.50 16.04%
1975 £21.74 24.24%
1976 £25.34 16.54%
1977 £29.35 15.85%
1978 £31.79 8.30%
1979 £36.05 13.39%
1980 £42.53 17.99%
1981 £47.58 11.87%
1982 £51.68 8.61%
1983 £54.05 4.59%
1984 £56.74 4.98%
1985 £60.19 6.08%
1986 £62.24 3.40%
1987 £64.84 4.17%
1988 £68.02 4.90%
1989 £73.31 7.78%
1990 £80.24 9.46%
1991 £84.95 5.87%
1992 £88.13 3.74%
1993 £89.53 1.59%
1994 £91.69 2.41%
1995 £94.87 3.47%
1996 £97.16 2.41%
1997 £100.21 3.14%
1998 £103.65 3.43%
1999 £105.24 1.54%
2000 £108.35 2.96%
2001 £110.27 1.77%
2002 £112.11 1.67%
2003 £115.35 2.89%
2004 £118.79 2.98%
2005 £122.15 2.82%
2006 £126.05 3.20%
2007 £131.45 4.29%
2008 £136.69 3.99%
2009 £135.97 -0.53%
2010 £142.24 4.61%
2011 £149.65 5.20%
2012 £154.45 3.21%
2013 £159.15 3.04%
2014 £162.90 2.36%
2015 £164.52 0.99%
2016 £167.37 1.74%
2017 £173.37 3.58%
2018 £178.05 2.70%
2019 £182.50 2.50%
2020 £185.79 1.80%
2021 £187.09 0.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1770 amounts in 1772 pounds, based on the 19.35% change in prices:

Conversion: 1770 pounds in 1772
Initial value Equivalent value
£1 pound in 1770 £1.19 pounds in 1772
£5 pounds in 1770 £5.97 pounds in 1772
£10 pounds in 1770 £11.94 pounds in 1772
£50 pounds in 1770 £59.68 pounds in 1772
£100 pounds in 1770 £119.35 pounds in 1772
£500 pounds in 1770 £596.77 pounds in 1772
£1,000 pounds in 1770 £1,193.55 pounds in 1772
£5,000 pounds in 1770 £5,967.74 pounds in 1772
£10,000 pounds in 1770 £11,935.48 pounds in 1772
£50,000 pounds in 1770 £59,677.42 pounds in 1772
£100,000 pounds in 1770 £119,354.84 pounds in 1772
£500,000 pounds in 1770 £596,774.19 pounds in 1772
£1,000,000 pounds in 1770 £1,193,548.39 pounds in 1772

How to Calculate Inflation Rate for £1, 1770 to 1772

Our calculations use the following inflation rate formula to calculate the change in value between 1770 and 1772:

CPI in 1772 CPI in 1770
×
1770 GBP value
=
1772 GBP value

Then plug in historical CPI values. The U.K. CPI was 6.2 in the year 1770 and 7.4 in 1772:

7.46.2
×
£1
=
£1.19

£1 in 1770 has the same "purchasing power" or "buying power" as £1.19 in 1772.

To get the total inflation rate for the 2 years between 1770 and 1772, we use the following formula:

CPI in 1772 - CPI in 1770CPI in 1770
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

7.4 - 6.26.2
×
100
=
19%

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 1770 → 1772 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 May. 2021, https://www.officialdata.org/uk/inflation/1770?amount=1&endYear=1772.

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 1772
Cumulative price change 19.35%
Average inflation rate 9.25%
Converted amount (£1 base) £1.19
Price difference (£1 base) £0.19
CPI in 1770 6.200
CPI in 1772 7.400
Inflation in 1770 0.00%
Inflation in 1772 10.45%
£1 in 1770 £1.19 in 1772