# £1 in 1850 is worth £0.96 in 1851

£

## Value of £1 from 1850 to 1851

£1 in 1850 is equivalent in purchasing power to about £0.96 in 1851. The pound had an average deflation rate of -3.57% per year since 1850, producing a cumulative price change of -3.57%.

This means that prices in 1851 are 3.57% lower than average prices since 1850, according to the Office for National Statistics composite price index.

The 1850 inflation rate was -5.62%. The inflation rate in 1851 was -3.57%. The 1851 inflation rate is lower compared to the average inflation rate of 2.98% per year between 1851 and 2021.

 Average inflation rate -3.57% Converted amount (£1 base) £0.96 Price difference (£1 base) £-0.04 CPI in 1850 8.400 CPI in 1851 8.100 Inflation in 1850 -5.62% Inflation in 1851 -3.57% £1 in 1850 £0.96 in 1851

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

## How to Calculate Inflation Rate for £1, 1850 to 1851

Our calculations use the following inflation rate formula to calculate the change in value between 1850 and 1851:

CPI in 1851 CPI in 1850
×
1850 GBP value
=
1851 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.4 in the year 1850 and 8.1 in 1851:

8.18.4
×
£1
=
£0.96

£1 in 1850 has the same "purchasing power" or "buying power" as £0.96 in 1851.

To get the total inflation rate for the 1 years between 1850 and 1851, we use the following formula:

CPI in 1851 - CPI in 1850CPI in 1850
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.1 - 8.48.4
×
100
=
-4%

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.

## 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 1850 → 1851 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Dec. 2021, https://www.officialdata.org/uk/inflation/1850?amount=1&endYear=1851.

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.