# £1 in 1829 is worth £1.04 in 1829

£

## Value of £1 from 1830 to 1829

According to the Office for National Statistics composite price index, prices in 1829 are 4.04% higher than average prices since 1830. The British pound experienced an average deflation rate of -3.88% per year during this period, causing the real value of a pound to increase.

In other words, £1 in 1830 is equivalent in purchasing power to about £1.04 in 1829.

The 1829 inflation rate was -0.96%. The inflation rate in 1830 was -3.88%. The 1830 inflation rate is lower compared to the average inflation rate of 2.53% per year between 1830 and 2020.

 Average inflation rate -3.88% Converted amount (£1 base) £1.04 Price difference (£1 base) £0.04 CPI in 1830 9.900 CPI in 1829 10.300 Inflation in 1829 -0.96% Inflation in 1830 -3.88%

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

## How to Calculate Inflation Rate for £1, 1829 to 1830

Our calculations use the following inflation rate formula to calculate the change in value between 1829 and 1830:

CPI in 1829 CPI in 1830
×
1830 GBP value
=
1829 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.9 in the year 1830 and 10.3 in 1829:

10.39.9
×
£1
=
£1.04

£1 in 1830 has the same "purchasing power" or "buying power" as £1.04 in 1829.

To get the total inflation rate for the 1 years between 1829 and 1830, we use the following formula:

CPI in 1829 - CPI in 1830CPI in 1830
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10.3 - 9.99.9
×
100
=
4%

## News headlines from 1829

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

• The Republic of Ecuador is founded.,Juan Jose Flores is its first president.
• U.S. Congress authorizes the mass removal of native Indians from the eastern states to the western prairie.
• France begins colonization in Algeria.
• The US Railroad opens its first station in Baltimore

## 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 1830 → 1829 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Jun. 2020, https://www.officialdata.org/uk/inflation/1830?amount=1&endYear=1829.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

#### 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.

 Average inflation rate -3.88% Converted amount (£1 base) £1.04 Price difference (£1 base) £0.04 CPI in 1830 9.900 CPI in 1829 10.300 Inflation in 1829 -0.96% Inflation in 1830 -3.88%