# £1 in 1875 is worth £1.02 in 1874

£

## Value of £1 from 1875 to 1874

£1 in 1875 is equivalent in purchasing power to about £1.02 in 1874. The pound had an average deflation rate of -2.00% per year since 1874, producing a cumulative price change of 2.04%.

This means that prices in 1874 are 1.02 times higher than average prices since 1875, according to the Office for National Statistics composite price index.

The 1874 inflation rate was -3.85%. The inflation rate in 1875 was -2.00%. The 1875 inflation rate is lower compared to the average inflation rate of 3.34% per year between 1875 and 2021.

 Average inflation rate -2.00% Converted amount (£1 base) £1.02 Price difference (£1 base) £0.02 CPI in 1875 9.800 CPI in 1874 10.000 Inflation in 1874 -3.85% Inflation in 1875 -2.00% £1 in 1875 £1.02 in 1874

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

## How to Calculate Inflation Rate for £1, 1874 to 1875

Our calculations use the following inflation rate formula to calculate the change in value between 1874 and 1875:

CPI in 1874 CPI in 1875
×
1875 GBP value
=
1874 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.8 in the year 1875 and 10 in 1874:

109.8
×
£1
=
£1.02

£1 in 1875 has the same "purchasing power" or "buying power" as £1.02 in 1874.

To get the total inflation rate for the 1 years between 1874 and 1875, we use the following formula:

CPI in 1874 - CPI in 1875CPI in 1875
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10 - 9.89.8
×
100
=
2%

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

• Verney Cameroon becomes the first European to reach Benguela in Angola.
• Alexander Graham Bell makes the first sound transmission.
• The Pacific Stock Exchange is opened for the first time.

## 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 1875 → 1874 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Dec. 2021, https://www.officialdata.org/uk/inflation/1875?amount=1&endYear=1874.

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.