£35,000 in 1820 is worth £4,080,169.91 in 2023

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Value of £35,000 from 1820 to 2023

£35,000 in 1820 is equivalent in purchasing power to about £4,080,169.91 in 2023, an increase of £4,045,169.91 over 203 years. The pound had an average inflation rate of 2.37% per year between 1820 and 2023, producing a cumulative price increase of 11,557.63%.

This means that prices in 2023 are 116.58 times as high as average prices since 1820, according to the Office for National Statistics composite price index.

The inflation rate in 1820 was -9.30%. The inflation rate in 2023 was 7.07%. The 2023 inflation rate is higher compared to the average inflation rate of 3.90% per year between 2023 and 2024.


Inflation from 1820 to 2023
Cumulative price change11,557.63%
Average inflation rate2.37%
Converted amount
£35,000 base
£4,080,169.91
Price difference
£35,000 base
£4,045,169.91
CPI in 182011.700
CPI in 20231,363.943
Inflation in 1820-9.30%
Inflation in 20237.07%
£35,000 in 1820£4,080,169.91 in 2023

GBP inflation since 1820
Annual Rate, the Office for National Statistics CPI
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Buying power of £35,000 in 1820

This chart shows a calculation of buying power equivalence for £35,000 in 1820 (price index tracking began in 1750).

For example, if you started with £35,000, you would need to end with £4,080,169.91 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £35,000 is equivalent to £4,080,169.91 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 1820 dollars, the chart below shows how £35,000 is worth less over 203 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: 1820-2023
YearPound ValueInflation Rate
1820£35,000.00-9.30%
1821£30,811.97-11.97%
1822£26,623.93-13.59%
1823£28,418.806.74%
1824£30,811.978.42%
1825£36,196.5817.48%
1826£34,102.56-5.79%
1827£32,008.55-6.14%
1828£31,111.11-2.80%
1829£30,811.97-0.96%
1830£29,615.38-3.88%
1831£32,606.8410.10%
1832£30,213.68-7.34%
1833£28,418.80-5.94%
1834£26,025.64-8.42%
1835£26,623.932.30%
1836£29,615.3811.24%
1837£30,213.682.02%
1838£30,512.820.99%
1839£32,606.846.86%
1840£33,205.131.83%
1841£32,606.84-1.80%
1842£29,914.53-8.26%
1843£26,623.93-11.00%
1844£26,623.930.00%
1845£27,820.514.49%
1846£29,017.094.30%
1847£32,606.8412.37%
1848£28,418.80-12.84%
1849£26,623.93-6.32%
1850£25,128.21-5.62%
1851£24,230.77-3.57%
1852£24,230.770.00%
1853£26,623.939.88%
1854£30,512.8214.61%
1855£31,410.262.94%
1856£31,410.260.00%
1857£29,914.53-4.76%
1858£27,222.22-9.00%
1859£26,923.08-1.10%
1860£27,820.513.33%
1861£28,418.802.15%
1862£27,820.51-2.11%
1863£26,923.08-3.23%
1864£26,623.93-1.11%
1865£26,923.081.12%
1866£28,418.805.56%
1867£30,213.686.32%
1868£29,914.53-0.99%
1869£28,418.80-5.00%
1870£28,418.800.00%
1871£28,717.951.05%
1872£29,914.534.17%
1873£31,111.114.00%
1874£29,914.53-3.85%
1875£29,316.24-2.00%
1876£29,316.240.00%
1877£29,017.09-1.02%
1878£28,418.80-2.06%
1879£27,222.22-4.21%
1880£28,119.663.30%
1881£27,820.51-1.06%
1882£28,119.661.08%
1883£27,820.51-1.06%
1884£27,222.22-2.15%
1885£26,324.79-3.30%
1886£26,025.64-1.14%
1887£25,726.50-1.15%
1888£26,025.641.16%
1889£26,324.791.15%
1890£26,324.790.00%
1891£26,623.931.14%
1892£26,623.930.00%
1893£26,324.79-1.12%
1894£26,025.64-1.14%
1895£25,726.50-1.15%
1896£25,427.35-1.16%
1897£26,025.642.35%
1898£26,025.640.00%
1899£26,324.791.15%
1900£27,521.374.55%
1901£27,521.370.00%
1902£27,521.370.00%
1903£27,820.511.09%
1904£27,820.510.00%
1905£27,820.510.00%
1906£27,820.510.00%
1907£28,119.661.08%
1908£28,119.660.00%
1909£28,418.801.06%
1910£28,717.951.05%
1911£28,717.950.00%
1912£29,615.383.13%
1913£29,316.24-1.01%
1914£29,316.240.00%
1915£32,905.9812.24%
1916£38,888.8918.18%
1917£48,760.6825.38%
1918£59,529.9122.09%
1919£65,512.8210.05%
1920£75,683.7615.53%
1921£69,102.56-8.70%
1922£59,529.91-13.85%
1923£55,940.17-6.03%
1924£55,641.03-0.53%
1925£55,641.030.00%
1926£55,341.88-0.54%
1927£53,846.15-2.70%
1928£53,846.150.00%
1929£53,247.86-1.11%
1930£51,752.14-2.81%
1931£49,658.12-4.05%
1932£48,461.54-2.41%
1933£47,264.96-2.47%
1934£47,264.960.00%
1935£47,564.100.63%
1936£47,863.250.63%
1937£49,658.123.75%
1938£50,256.411.20%
1939£51,752.142.98%
1940£60,427.3516.76%
1941£67,008.5510.89%
1942£71,794.877.14%
1943£74,188.033.33%
1944£76,282.052.82%
1945£78,376.072.75%
1946£80,769.233.05%
1947£86,452.997.04%
1948£93,034.197.61%
1949£95,726.502.89%
1950£98,717.953.13%
1951£107,692.319.09%
1952£117,564.109.17%
1953£121,153.853.05%
1954£123,547.011.98%
1955£128,931.624.36%
1956£135,512.825.10%
1957£140,299.153.53%
1958£144,786.323.20%
1959£145,384.620.41%
1960£146,880.341.03%
1961£151,965.813.46%
1962£158,547.014.33%
1963£161,538.461.89%
1964£166,923.083.33%
1965£174,700.854.66%
1966£181,581.203.94%
1967£186,367.522.64%
1968£195,042.744.65%
1969£205,512.825.37%
1970£218,675.216.40%
1971£239,316.249.44%
1972£256,367.527.13%
1973£279,700.859.10%
1974£324,572.6516.04%
1975£403,247.8624.24%
1976£469,957.2616.54%
1977£544,444.4415.85%
1978£589,615.388.30%
1979£668,589.7413.39%
1980£788,846.1517.99%
1981£882,478.6311.87%
1982£958,461.548.61%
1983£1,002,435.904.59%
1984£1,052,393.164.98%
1985£1,116,410.266.08%
1986£1,154,401.713.40%
1987£1,202,564.104.17%
1988£1,261,495.734.90%
1989£1,359,615.387.78%
1990£1,488,247.869.46%
1991£1,575,598.295.87%
1992£1,634,529.913.74%
1993£1,660,555.561.59%
1994£1,700,641.032.41%
1995£1,759,572.653.47%
1996£1,802,051.282.41%
1997£1,858,589.743.14%
1998£1,922,307.693.43%
1999£1,951,923.081.54%
2000£2,009,658.122.96%
2001£2,045,256.411.77%
2002£2,079,358.971.67%
2003£2,139,487.182.89%
2004£2,203,205.132.98%
2005£2,265,427.352.82%
2006£2,337,820.513.20%
2007£2,438,034.194.29%
2008£2,535,256.413.99%
2009£2,521,794.87-0.53%
2010£2,638,162.394.61%
2011£2,775,470.095.20%
2012£2,864,615.383.21%
2013£2,951,666.673.04%
2014£3,021,367.522.36%
2015£3,051,282.050.99%
2016£3,104,230.771.74%
2017£3,215,512.823.58%
2018£3,302,331.672.70%
2019£3,384,889.962.50%
2020£3,445,817.981.80%
2021£3,531,676.282.49%
2022£3,810,678.717.90%
2023£4,080,169.917.07%
2024£4,239,296.543.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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This conversion table shows various other 1820 amounts in 2023 pounds, based on the 11,557.63% change in prices:

Conversion: 1820 pounds in 2023
Initial valueEquivalent value
£1 pound in 1820£116.58 pounds in 2023
£5 pounds in 1820£582.88 pounds in 2023
£10 pounds in 1820£1,165.76 pounds in 2023
£50 pounds in 1820£5,828.81 pounds in 2023
£100 pounds in 1820£11,657.63 pounds in 2023
£500 pounds in 1820£58,288.14 pounds in 2023
£1,000 pounds in 1820£116,576.28 pounds in 2023
£5,000 pounds in 1820£582,881.42 pounds in 2023
£10,000 pounds in 1820£1,165,762.83 pounds in 2023
£50,000 pounds in 1820£5,828,814.16 pounds in 2023
£100,000 pounds in 1820£11,657,628.32 pounds in 2023
£500,000 pounds in 1820£58,288,141.59 pounds in 2023
£1,000,000 pounds in 1820£116,576,283.19 pounds in 2023

How to calculate inflation rate for £35,000, 1820 to 2023

Our calculations use the following inflation rate formula to calculate the change in value between 1820 and 2023:

CPI in 2023 CPI in 1820
×
1820 GBP value
=
2023 GBP value

Then plug in historical CPI values. The U.K. CPI was 11.7 in the year 1820 and 1363.9425132808383 in 2023:

1363.942513280838311.7
×
£35,000
=
£4,080,169.91

£35,000 in 1820 has the same "purchasing power" or "buying power" as £4,080,169.91 in 2023.

To get the total inflation rate for the 203 years between 1820 and 2023, we use the following formula:

CPI in 2023 - CPI in 1820CPI in 1820
×
100
=
Cumulative inflation rate (203 years)

Plugging in the values to this equation, we get:

1363.9425132808383 - 11.711.7
×
100
=
11,558%

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: “£35,000 in 1820 → 2023 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/uk/inflation/1820?amount=35000&endYear=2023.

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 1820 to 2023
Cumulative price change11,557.63%
Average inflation rate2.37%
Converted amount
£35,000 base
£4,080,169.91
Price difference
£35,000 base
£4,045,169.91
CPI in 182011.700
CPI in 20231,363.943
Inflation in 1820-9.30%
Inflation in 20237.07%
£35,000 in 1820£4,080,169.91 in 2023