# £1 in 1869 is worth £1 in 1869

£

## Value of £1 from 1870 to 1869

The British pound experienced an average inflation rate of 0.00% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1870 is equivalent in purchasing power to about £1 in 1869.

The 1869 inflation rate was -5.00%. The inflation rate in 1870 was 0.00%. The 1870 inflation rate is lower compared to the average inflation rate of 3.24% per year between 1870 and 2020.

 Average inflation rate 0.00% Converted amount (£1 base) £1 Price difference (£1 base) £0.00 CPI in 1870 9.500 CPI in 1869 9.500 Inflation in 1869 -5.00% Inflation in 1870 0.00%

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

## How to Calculate Inflation Rate for £1, 1869 to 1870

Our calculations use the following inflation rate formula to calculate the change in value between 1869 and 1870:

CPI in 1869 CPI in 1870
×
1870 GBP value
=
1869 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.5 in the year 1870 and 9.5 in 1869:

9.59.5
×
£1
=
£1

£1 in 1870 has the same "purchasing power" or "buying power" as £1 in 1869.

To get the total inflation rate for the 1 years between 1869 and 1870, we use the following formula:

CPI in 1869 - CPI in 1870CPI in 1870
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.5 - 9.59.5
×
100
=
0%

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

• New York begins building the Brooklyn Bridge (the bridge is completed in 1883).
• Austria inaugurates Wiener Musikverein, also known as the Great Hall, in Vienna.
• The Carson City mint, in Nevada, starts issuing coins.

## 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 1870 → 1869 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Jun. 2020, https://www.officialdata.org/uk/inflation/1870?amount=1&endYear=1869.