# £1 in 1825 is worth £0.85 in 1824

£

## Value of £1 from 1825 to 1824

According to the Office for National Statistics composite price index, prices in 1824 are 14.88% lower than average prices since 1825. The British pound experienced an average inflation rate of 17.48% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1825 is equivalent in purchasing power to about £0.85 in 1824.

The 1824 inflation rate was 8.42%. The inflation rate in 1825 was 17.48%. The 1825 inflation rate is higher compared to the average inflation rate of 2.36% per year between 1825 and 2020.

 Average inflation rate 17.48% Converted amount (£1 base) £0.85 Price difference (£1 base) £-0.15 CPI in 1825 12.100 CPI in 1824 10.300 Inflation in 1824 8.42% Inflation in 1825 17.48%

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

## How to Calculate Inflation Rate for £1, 1824 to 1825

Our calculations use the following inflation rate formula to calculate the change in value between 1824 and 1825:

CPI in 1824 CPI in 1825
×
1825 GBP value
=
1824 GBP value

Then plug in historical CPI values. The U.K. CPI was 12.1 in the year 1825 and 10.3 in 1824:

10.312.1
×
£1
=
£0.85

£1 in 1825 has the same "purchasing power" or "buying power" as £0.85 in 1824.

To get the total inflation rate for the 1 years between 1824 and 1825, we use the following formula:

CPI in 1824 - CPI in 1825CPI in 1825
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10.3 - 12.112.1
×
100
=
-15%

Politics and news often influence economic performance. Here's what was happening at the time:

• Forced relocation of the Eastern Indians to the Indian Territory approved by the US Congress.
• Russia and Great Britain establish the boundary between Alaska and Canada.
• Brazil's independence is recognized by Portugal
• Beginning of Decembrist uprising in Russia, against Russian emperor Nicholas I

## 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 1825 → 1824 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 7 Aug. 2020, https://www.officialdata.org/uk/inflation/1825?amount=1&endYear=1824.

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 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.

 Average inflation rate 17.48% Converted amount (£1 base) £0.85 Price difference (£1 base) £-0.15 CPI in 1825 12.100 CPI in 1824 10.300 Inflation in 1824 8.42% Inflation in 1825 17.48%