£1 in 1880 is worth £1.04 in 1876

Value of £1 from 1880 to 1876

According to the Office for National Statistics composite price index, prices in 1876 are 4.26% higher than average prices since 1880. The British pound experienced an average deflation rate of -1.04% per year during this period, causing the real value of a pound to increase.

In other words, £1 in 1880 is equivalent in purchasing power to about £1.04 in 1876, a difference of £0.04 over 4 years.

The 1876 inflation rate was 0.00%. The inflation rate in 1880 was 3.30%. The 1880 inflation rate is lower compared to the average inflation rate of 3.49% per year between 1880 and 2020.


Inflation from 1880 to 1876
Cumulative price change 4.26%
Average inflation rate -1.04%
Converted amount (£1 base) £1.04
Price difference (£1 base) £0.04
CPI in 1880 9.400
CPI in 1876 9.800
Inflation in 1876 0.00%
Inflation in 1880 3.30%

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

Buying power of £1 in 1876

This chart shows a calculation of buying power equivalence for £1 in 1876 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.04 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: 1876-1880
Year Pound Value Inflation Rate
1876 £1.00 -
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 £112.41 2.48%
2019 £114.43 1.80%
2020 £116.15 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1876 amounts in 1880 pounds, based on the 4.26% change in prices:

Conversion Table: Value of a pound in 1880
Initial value Equivalent value
£1 pound in 1876 £0.96 pounds in 1880
£5 pounds in 1876 £4.80 pounds in 1880
£10 pounds in 1876 £9.59 pounds in 1880
£50 pounds in 1876 £47.96 pounds in 1880
£100 pounds in 1876 £95.92 pounds in 1880
£500 pounds in 1876 £479.59 pounds in 1880
£1,000 pounds in 1876 £959.18 pounds in 1880
£5,000 pounds in 1876 £4,795.92 pounds in 1880
£10,000 pounds in 1876 £9,591.84 pounds in 1880
£50,000 pounds in 1876 £47,959.18 pounds in 1880
£100,000 pounds in 1876 £95,918.37 pounds in 1880
£500,000 pounds in 1876 £479,591.84 pounds in 1880
£1,000,000 pounds in 1876 £959,183.67 pounds in 1880

How to Calculate Inflation Rate for £1, 1876 to 1880

Our calculations use the following inflation rate formula to calculate the change in value between 1876 and 1880:

CPI in 1876 CPI in 1880
×
1880 GBP value
=
1876 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.4 in the year 1880 and 9.8 in 1876:

9.89.4
×
£1
=
£1.04

£1 in 1880 has the same "purchasing power" or "buying power" as £1.04 in 1876.

To get the total inflation rate for the 4 years between 1876 and 1880, we use the following formula:

CPI in 1876 - CPI in 1880CPI in 1880
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

9.8 - 9.49.4
×
100
=
4%

News headlines from 1876

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

  • Construction begins on the Panama Canal.
  • The United States constructs its first dedicated sewage system in Memphis, Tennessee.
  • The Salvation Army is formed in London.

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 1880 → 1876 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 7 Aug. 2020, https://www.officialdata.org/uk/inflation/1880?amount=1&endYear=1876.

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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1880 to 1876
Cumulative price change 4.26%
Average inflation rate -1.04%
Converted amount (£1 base) £1.04
Price difference (£1 base) £0.04
CPI in 1880 9.400
CPI in 1876 9.800
Inflation in 1876 0.00%
Inflation in 1880 3.30%