£1 in 1875 is worth £0.97 in 1878

£

Value of £1 from 1875 to 1878

£1 in 1875 is equivalent in purchasing power to about £0.97 in 1878, a difference of £-0.03 over 3 years. The pound had an average deflation rate of -1.03% per year since 1875, producing a cumulative price change of -3.06%.

This means that prices in 1878 are 3.06% lower than average prices since 1875, according to the Office for National Statistics composite price index.

The inflation rate in 1875 was -2.00%. The inflation rate in 1878 was -2.06%. The 1878 inflation rate is lower compared to the average inflation rate of 3.42% per year between 1878 and 2022.

 Cumulative price change -3.06% Average inflation rate -1.03% Converted amount (£1 base) £0.97 Price difference (£1 base) £-0.03 CPI in 1875 9.800 CPI in 1878 9.500 Inflation in 1875 -2.00% Inflation in 1878 -2.06% £1 in 1875 £0.97 in 1878

Recent GBP inflation
Annual Rate, the Office for National Statistics CPI

Buying power of £1 in 1875

This chart shows a calculation of buying power equivalence for £1 in 1875 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £0.97 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:

Pound inflation: 1875-1878
Year Pound Value Inflation Rate
1875 £1.00 -2.00%
1876 £1.00 0.00%
1877 £0.99 -1.02%
1878 £0.97 -2.06%
1879 £0.93 -4.21%
1880 £0.96 3.30%
1881 £0.95 -1.06%
1882 £0.96 1.08%
1883 £0.95 -1.06%
1884 £0.93 -2.15%
1885 £0.90 -3.30%
1886 £0.89 -1.14%
1887 £0.88 -1.15%
1888 £0.89 1.16%
1889 £0.90 1.15%
1890 £0.90 0.00%
1891 £0.91 1.14%
1892 £0.91 0.00%
1893 £0.90 -1.12%
1894 £0.89 -1.14%
1895 £0.88 -1.15%
1896 £0.87 -1.16%
1897 £0.89 2.35%
1898 £0.89 0.00%
1899 £0.90 1.15%
1900 £0.94 4.55%
1901 £0.94 0.00%
1902 £0.94 0.00%
1903 £0.95 1.09%
1904 £0.95 0.00%
1905 £0.95 0.00%
1906 £0.95 0.00%
1907 £0.96 1.08%
1908 £0.96 0.00%
1909 £0.97 1.06%
1910 £0.98 1.05%
1911 £0.98 0.00%
1912 £1.01 3.13%
1913 £1.00 -1.01%
1914 £1.00 0.00%
1915 £1.12 12.24%
1916 £1.33 18.18%
1917 £1.66 25.38%
1918 £2.03 22.09%
1919 £2.23 10.05%
1920 £2.58 15.53%
1921 £2.36 -8.70%
1922 £2.03 -13.85%
1923 £1.91 -6.03%
1924 £1.90 -0.53%
1925 £1.90 0.00%
1926 £1.89 -0.54%
1927 £1.84 -2.70%
1928 £1.84 0.00%
1929 £1.82 -1.11%
1930 £1.77 -2.81%
1931 £1.69 -4.05%
1932 £1.65 -2.41%
1933 £1.61 -2.47%
1934 £1.61 0.00%
1935 £1.62 0.63%
1936 £1.63 0.63%
1937 £1.69 3.75%
1938 £1.71 1.20%
1939 £1.77 2.98%
1940 £2.06 16.76%
1941 £2.29 10.89%
1942 £2.45 7.14%
1943 £2.53 3.33%
1944 £2.60 2.82%
1945 £2.67 2.75%
1946 £2.76 3.05%
1947 £2.95 7.04%
1948 £3.17 7.61%
1949 £3.27 2.89%
1950 £3.37 3.13%
1951 £3.67 9.09%
1952 £4.01 9.17%
1953 £4.13 3.05%
1954 £4.21 1.98%
1955 £4.40 4.36%
1956 £4.62 5.10%
1957 £4.79 3.53%
1958 £4.94 3.20%
1959 £4.96 0.41%
1960 £5.01 1.03%
1961 £5.18 3.46%
1962 £5.41 4.33%
1963 £5.51 1.89%
1964 £5.69 3.33%
1965 £5.96 4.66%
1966 £6.19 3.94%
1967 £6.36 2.64%
1968 £6.65 4.65%
1969 £7.01 5.37%
1970 £7.46 6.40%
1971 £8.16 9.44%
1972 £8.74 7.13%
1973 £9.54 9.10%
1974 £11.07 16.04%
1975 £13.76 24.24%
1976 £16.03 16.54%
1977 £18.57 15.85%
1978 £20.11 8.30%
1979 £22.81 13.39%
1980 £26.91 17.99%
1981 £30.10 11.87%
1982 £32.69 8.61%
1983 £34.19 4.59%
1984 £35.90 4.98%
1985 £38.08 6.08%
1986 £39.38 3.40%
1987 £41.02 4.17%
1988 £43.03 4.90%
1989 £46.38 7.78%
1990 £50.77 9.46%
1991 £53.74 5.87%
1992 £55.76 3.74%
1993 £56.64 1.59%
1994 £58.01 2.41%
1995 £60.02 3.47%
1996 £61.47 2.41%
1997 £63.40 3.14%
1998 £65.57 3.43%
1999 £66.58 1.54%
2000 £68.55 2.96%
2001 £69.77 1.77%
2002 £70.93 1.67%
2003 £72.98 2.89%
2004 £75.15 2.98%
2005 £77.28 2.82%
2006 £79.74 3.20%
2007 £83.16 4.29%
2008 £86.48 3.99%
2009 £86.02 -0.53%
2010 £89.99 4.61%
2011 £94.67 5.20%
2012 £97.71 3.21%
2013 £100.68 3.04%
2014 £103.06 2.36%
2015 £104.08 0.99%
2016 £105.89 1.74%
2017 £109.68 3.58%
2018 £112.65 2.70%
2019 £115.46 2.50%
2020 £117.54 1.80%
2021 £120.22 2.28%
2022 £122.95 2.27%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1875 amounts in 1878 pounds, based on the -3.06% change in prices:

Conversion: 1875 pounds in 1878
Initial value Equivalent value
£1 pound in 1875 £0.97 pounds in 1878
£5 pounds in 1875 £4.85 pounds in 1878
£10 pounds in 1875 £9.69 pounds in 1878
£50 pounds in 1875 £48.47 pounds in 1878
£100 pounds in 1875 £96.94 pounds in 1878
£500 pounds in 1875 £484.69 pounds in 1878
£1,000 pounds in 1875 £969.39 pounds in 1878
£5,000 pounds in 1875 £4,846.94 pounds in 1878
£10,000 pounds in 1875 £9,693.88 pounds in 1878
£50,000 pounds in 1875 £48,469.39 pounds in 1878
£100,000 pounds in 1875 £96,938.78 pounds in 1878
£500,000 pounds in 1875 £484,693.88 pounds in 1878
£1,000,000 pounds in 1875 £969,387.76 pounds in 1878

How to calculate inflation rate for £1, 1875 to 1878

Our calculations use the following inflation rate formula to calculate the change in value between 1875 and 1878:

CPI in 1878 CPI in 1875
×
1875 GBP value
=
1878 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.8 in the year 1875 and 9.5 in 1878:

9.59.8
×
£1
=
£0.97

£1 in 1875 has the same "purchasing power" or "buying power" as £0.97 in 1878.

To get the total inflation rate for the 3 years between 1875 and 1878, we use the following formula:

CPI in 1878 - CPI in 1875CPI in 1875
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

9.5 - 9.89.8
×
100
=
-3%

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 → 1878 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jun. 2022, https://www.officialdata.org/uk/inflation/1875?amount=1&endYear=1878.

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.