£1 in 1850 is equivalent in purchasing power to about £1.30 in 1847, a difference of £0.30 over 3 years.
The pound had an average **deflation** rate of -8.32% per year since 1847, producing a cumulative price change of 29.76%.

This means that prices in 1847 are 1.30 times higher than average prices since 1850, according to the Office for National Statistics composite price index.

The 1847 inflation rate was 12.37%. The inflation rate in 1850 was -5.62%. The 1850 inflation rate is lower compared to the average inflation rate of 2.92% per year between 1850 and 2021.

⌃

Cumulative price change | 29.76% |

Average inflation rate | -8.32% |

Converted amount (£1 base) | £1.30 |

Price difference (£1 base) | £0.30 |

CPI in 1850 | 8.400 |

CPI in 1847 | 10.900 |

Inflation in 1847 | 12.37% |

Inflation in 1850 | -5.62% |

£1 in 1850 | £1.30 in 1847 |

This chart shows a calculation of buying power equivalence for £1 in 1847 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.30 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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:

This conversion table shows various other 1847 amounts in 1850 pounds, based on the 29.76% change in prices:

Initial value | Equivalent value |
---|---|

£1 pound in 1847 | £0.77 pounds in 1850 |

£5 pounds in 1847 | £3.85 pounds in 1850 |

£10 pounds in 1847 | £7.71 pounds in 1850 |

£50 pounds in 1847 | £38.53 pounds in 1850 |

£100 pounds in 1847 | £77.06 pounds in 1850 |

£500 pounds in 1847 | £385.32 pounds in 1850 |

£1,000 pounds in 1847 | £770.64 pounds in 1850 |

£5,000 pounds in 1847 | £3,853.21 pounds in 1850 |

£10,000 pounds in 1847 | £7,706.42 pounds in 1850 |

£50,000 pounds in 1847 | £38,532.11 pounds in 1850 |

£100,000 pounds in 1847 | £77,064.22 pounds in 1850 |

£500,000 pounds in 1847 | £385,321.10 pounds in 1850 |

£1,000,000 pounds in 1847 | £770,642.20 pounds in 1850 |

Our calculations use the following inflation rate formula to calculate the change in value between 1847 and 1850:

CPI in 1847
CPI in 1850

×

1850 GBP value

=

1847 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.4 in the year 1850 and 10.9 in 1847:

10.98.4

×

£1

=

£1 in 1850 has the same "purchasing power" or "buying power" as £1.30 in 1847.

To get the total inflation rate for the 3 years between 1847 and 1850, we use the following formula:

CPI in 1847 - CPI in 1850CPI in 1850

×

100

=

Plugging in the values to this equation, we get:

10.9 - 8.48.4

×

100

=

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

- The first National Women's Rights Convention takes place in Wocester, Massachusetts.
- The California Exchange is opened.
- Britain blockades Piraeus, a Greek port.
- The HMS Investigator sets sail from Woolwich, England, becoming the first ship to explore the Northwest Passage.

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 1850 → 1847 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Sep. 2021, https://www.officialdata.org/uk/inflation/1850?amount=1&endYear=1847.

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.

Cumulative price change | 29.76% |

Average inflation rate | -8.32% |

Converted amount (£1 base) | £1.30 |

Price difference (£1 base) | £0.30 |

CPI in 1850 | 8.400 |

CPI in 1847 | 10.900 |

Inflation in 1847 | 12.37% |

Inflation in 1850 | -5.62% |

£1 in 1850 | £1.30 in 1847 |