# £5 in 1853 is worth £676.90 today

£

## Value of £5 from 1853 to 2022

£5 in 1853 is equivalent in purchasing power to about £676.90 today, an increase of £671.90 over 169 years. The pound had an average inflation rate of 2.95% per year between 1853 and today, producing a cumulative price increase of 13,437.92%.

This means that today's prices are 135.38 times higher than average prices since 1853, according to the Office for National Statistics composite price index. A pound today only buys 0.74% of what it could buy back then.

The inflation rate in 1853 was 9.88%. The current year-over-year inflation rate (2021 to 2022) is now 2.27%. If this number holds, £5 today will be equivalent in buying power to £5.11 next year.

 Cumulative price change 13,437.92% Average inflation rate 2.95% Converted amount (£5 base) £676.90 Price difference (£5 base) £671.90 CPI in 1853 8.900 CPI in 2022 1,204.875 Inflation in 1853 9.88% Inflation in 2022 2.27% £5 in 1853 £676.90 in 2022

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

## Buying power of £5 in 1853

This chart shows a calculation of buying power equivalence for £5 in 1853 (price index tracking began in 1750).

For example, if you started with £5, you would need to end with £676.90 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £5 is equivalent to £676.90 over time, that means that the "real value" of a single U.K. pound decreases over time. In other words, a pound will pay for fewer items at the store.

This effect explains how inflation erodes the value of a pound over time. By calculating the value in 1853 dollars, the chart below shows how £5 is worth less over 169 years.

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:

Pound inflation: 1853-2022
Year Pound Value Inflation Rate
1853 £5.00 9.88%
1854 £5.73 14.61%
1855 £5.90 2.94%
1856 £5.90 0.00%
1857 £5.62 -4.76%
1858 £5.11 -9.00%
1859 £5.06 -1.10%
1860 £5.22 3.33%
1861 £5.34 2.15%
1862 £5.22 -2.11%
1863 £5.06 -3.23%
1864 £5.00 -1.11%
1865 £5.06 1.12%
1866 £5.34 5.56%
1867 £5.67 6.32%
1868 £5.62 -0.99%
1869 £5.34 -5.00%
1870 £5.34 0.00%
1871 £5.39 1.05%
1872 £5.62 4.17%
1873 £5.84 4.00%
1874 £5.62 -3.85%
1875 £5.51 -2.00%
1876 £5.51 0.00%
1877 £5.45 -1.02%
1878 £5.34 -2.06%
1879 £5.11 -4.21%
1880 £5.28 3.30%
1881 £5.22 -1.06%
1882 £5.28 1.08%
1883 £5.22 -1.06%
1884 £5.11 -2.15%
1885 £4.94 -3.30%
1886 £4.89 -1.14%
1887 £4.83 -1.15%
1888 £4.89 1.16%
1889 £4.94 1.15%
1890 £4.94 0.00%
1891 £5.00 1.14%
1892 £5.00 0.00%
1893 £4.94 -1.12%
1894 £4.89 -1.14%
1895 £4.83 -1.15%
1896 £4.78 -1.16%
1897 £4.89 2.35%
1898 £4.89 0.00%
1899 £4.94 1.15%
1900 £5.17 4.55%
1901 £5.17 0.00%
1902 £5.17 0.00%
1903 £5.22 1.09%
1904 £5.22 0.00%
1905 £5.22 0.00%
1906 £5.22 0.00%
1907 £5.28 1.08%
1908 £5.28 0.00%
1909 £5.34 1.06%
1910 £5.39 1.05%
1911 £5.39 0.00%
1912 £5.56 3.13%
1913 £5.51 -1.01%
1914 £5.51 0.00%
1915 £6.18 12.24%
1916 £7.30 18.18%
1917 £9.16 25.38%
1918 £11.18 22.09%
1919 £12.30 10.05%
1920 £14.21 15.53%
1921 £12.98 -8.70%
1922 £11.18 -13.85%
1923 £10.51 -6.03%
1924 £10.45 -0.53%
1925 £10.45 0.00%
1926 £10.39 -0.54%
1927 £10.11 -2.70%
1928 £10.11 0.00%
1929 £10.00 -1.11%
1930 £9.72 -2.81%
1931 £9.33 -4.05%
1932 £9.10 -2.41%
1933 £8.88 -2.47%
1934 £8.88 0.00%
1935 £8.93 0.63%
1936 £8.99 0.63%
1937 £9.33 3.75%
1938 £9.44 1.20%
1939 £9.72 2.98%
1940 £11.35 16.76%
1941 £12.58 10.89%
1942 £13.48 7.14%
1943 £13.93 3.33%
1944 £14.33 2.82%
1945 £14.72 2.75%
1946 £15.17 3.05%
1947 £16.24 7.04%
1948 £17.47 7.61%
1949 £17.98 2.89%
1950 £18.54 3.13%
1951 £20.22 9.09%
1952 £22.08 9.17%
1953 £22.75 3.05%
1954 £23.20 1.98%
1955 £24.21 4.36%
1956 £25.45 5.10%
1957 £26.35 3.53%
1958 £27.19 3.20%
1959 £27.30 0.41%
1960 £27.58 1.03%
1961 £28.54 3.46%
1962 £29.78 4.33%
1963 £30.34 1.89%
1964 £31.35 3.33%
1965 £32.81 4.66%
1966 £34.10 3.94%
1967 £35.00 2.64%
1968 £36.63 4.65%
1969 £38.60 5.37%
1970 £41.07 6.40%
1971 £44.94 9.44%
1972 £48.15 7.13%
1973 £52.53 9.10%
1974 £60.96 16.04%
1975 £75.73 24.24%
1976 £88.26 16.54%
1977 £102.25 15.85%
1978 £110.73 8.30%
1979 £125.56 13.39%
1980 £148.15 17.99%
1981 £165.73 11.87%
1982 £180.00 8.61%
1983 £188.26 4.59%
1984 £197.64 4.98%
1985 £209.66 6.08%
1986 £216.80 3.40%
1987 £225.84 4.17%
1988 £236.91 4.90%
1989 £255.34 7.78%
1990 £279.49 9.46%
1991 £295.90 5.87%
1992 £306.97 3.74%
1993 £311.85 1.59%
1994 £319.38 2.41%
1995 £330.45 3.47%
1996 £338.43 2.41%
1997 £349.04 3.14%
1998 £361.01 3.43%
1999 £366.57 1.54%
2000 £377.42 2.96%
2001 £384.10 1.77%
2002 £390.51 1.67%
2003 £401.80 2.89%
2004 £413.76 2.98%
2005 £425.45 2.82%
2006 £439.04 3.20%
2007 £457.87 4.29%
2008 £476.12 3.99%
2009 £473.60 -0.53%
2010 £495.45 4.61%
2011 £521.24 5.20%
2012 £537.98 3.21%
2013 £554.33 3.04%
2014 £567.42 2.36%
2015 £573.03 0.99%
2016 £582.98 1.74%
2017 £603.88 3.58%
2018 £620.18 2.70%
2019 £635.69 2.50%
2020 £647.13 1.80%
2021 £661.89 2.28%
2022 £676.90 2.27%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 163 more rows

This conversion table shows various other 1853 amounts in today's pounds, based on the 13,437.92% change in prices:

Conversion: 1853 pounds today
Initial value Equivalent value
£1 pound in 1853 £135.38 pounds today
£5 pounds in 1853 £676.90 pounds today
£10 pounds in 1853 £1,353.79 pounds today
£50 pounds in 1853 £6,768.96 pounds today
£100 pounds in 1853 £13,537.92 pounds today
£500 pounds in 1853 £67,689.58 pounds today
£1,000 pounds in 1853 £135,379.16 pounds today
£5,000 pounds in 1853 £676,895.82 pounds today
£10,000 pounds in 1853 £1,353,791.64 pounds today
£50,000 pounds in 1853 £6,768,958.20 pounds today
£100,000 pounds in 1853 £13,537,916.40 pounds today
£500,000 pounds in 1853 £67,689,581.98 pounds today
£1,000,000 pounds in 1853 £135,379,163.96 pounds today

## How to Calculate Inflation Rate for £5 since 1853

Our calculations use the following inflation rate formula to calculate the change in value between 1853 and today:

CPI today CPI in 1853
×
1853 GBP value
=
Today's value

Then plug in historical CPI values. The U.K. CPI was 8.9 in the year 1853 and 1204.87455923078 in 2022:

1204.874559230788.9
×
£5
=
£676.90

£5 in 1853 has the same "purchasing power" or "buying power" as £676.90 in 2022.

To get the total inflation rate for the 169 years between 1853 and 2022, we use the following formula:

CPI in 2022 - CPI in 1853CPI in 1853
×
100
=
Cumulative inflation rate (169 years)

Plugging in the values to this equation, we get:

1204.87455923078 - 8.98.9
×
100
=
13,438%

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

• United States gains several new territories, now known as southern Arizona and New Mexico, after Gadsden Purchase worth \$10 million, which was signed by President Franklin Pierce
• Japan opens itself to Western influence and trade after Commodore Matthew C Perry sails his frigate into Tokyo Bay.
• Train wreck of US President-elect Franklin Pierce and his family in Massachusetts.
• John Wilkes Booth is baptized at St. Timothy Protestant Episcopal Church.

## 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: “£5 in 1853 → 2022 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 Jan. 2022, https://www.officialdata.org/uk/inflation/1853?amount=5.

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.