# £1 in 1835 is worth £0.98 in 1834

£

## Value of £1 from 1835 to 1834

According to the Office for National Statistics composite price index, prices in 1834 are 2.25% lower than average prices since 1835. The British pound experienced an average inflation rate of 2.30% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1835 is equivalent in purchasing power to about £0.98 in 1834.

The 1834 inflation rate was -8.42%. The inflation rate in 1835 was 2.30%. The 1835 inflation rate is lower compared to the average inflation rate of 2.66% per year between 1835 and 2020.

 Average inflation rate 2.30% Converted amount (£1 base) £0.98 Price difference (£1 base) £-0.02 CPI in 1835 8.900 CPI in 1834 8.700 Inflation in 1834 -8.42% Inflation in 1835 2.30%

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

## How to Calculate Inflation Rate for £1, 1834 to 1835

Our calculations use the following inflation rate formula to calculate the change in value between 1834 and 1835:

CPI in 1834 CPI in 1835
×
1835 GBP value
=
1834 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.9 in the year 1835 and 8.7 in 1834:

8.78.9
×
£1
=
£0.98

£1 in 1835 has the same "purchasing power" or "buying power" as £0.98 in 1834.

To get the total inflation rate for the 1 years between 1834 and 1835, we use the following formula:

CPI in 1834 - CPI in 1835CPI in 1835
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.7 - 8.98.9
×
100
=
-2%

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

• Richard Lawrence fails in the first documented presidential assassination attempt after he misfired at President Andrew Jackson
• National debt of the United States is officially zero: the only time that it has been that way in history.
• Signing of the New Echota Treaty, followed by the conceding of all the Cherokee Indian lands east of the Mississippi River to the US

## 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 1835 → 1834 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Oct. 2020, https://www.officialdata.org/uk/inflation/1835?amount=1&endYear=1834.

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.