£1 in 1880 is worth £0.97 in 1884

Value of £1 from 1880 to 1884

£1 in 1880 is equivalent in purchasing power to about £0.97 in 1884, a difference of £-0.03 over 4 years. The pound had an average deflation rate of -0.81% per year since 1880, producing a cumulative price change of -3.19%.

This means that prices in 1884 are 3.19% lower than average prices since 1880, according to the Office for National Statistics composite price index.

The 1880 inflation rate was 3.30%. The inflation rate in 1884 was -2.15%. The 1884 inflation rate is lower compared to the average inflation rate of 3.60% per year between 1884 and 2021.


Inflation from 1880 to 1884
Cumulative price change -3.19%
Average inflation rate -0.81%
Converted amount (£1 base) £0.97
Price difference (£1 base) £-0.03
CPI in 1880 9.400
CPI in 1884 9.100
Inflation in 1880 3.30%
Inflation in 1884 -2.15%
£1 in 1880 £0.97 in 1884

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

Buying power of £1 in 1880

This chart shows a calculation of buying power equivalence for £1 in 1880 (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: 1880-1884
Year Pound Value Inflation Rate
1880 £1.00 3.30%
1881 £0.99 -1.06%
1882 £1.00 1.08%
1883 £0.99 -1.06%
1884 £0.97 -2.15%
1885 £0.94 -3.30%
1886 £0.93 -1.14%
1887 £0.91 -1.15%
1888 £0.93 1.16%
1889 £0.94 1.15%
1890 £0.94 0.00%
1891 £0.95 1.14%
1892 £0.95 0.00%
1893 £0.94 -1.12%
1894 £0.93 -1.14%
1895 £0.91 -1.15%
1896 £0.90 -1.16%
1897 £0.93 2.35%
1898 £0.93 0.00%
1899 £0.94 1.15%
1900 £0.98 4.55%
1901 £0.98 0.00%
1902 £0.98 0.00%
1903 £0.99 1.09%
1904 £0.99 0.00%
1905 £0.99 0.00%
1906 £0.99 0.00%
1907 £1.00 1.08%
1908 £1.00 0.00%
1909 £1.01 1.06%
1910 £1.02 1.05%
1911 £1.02 0.00%
1912 £1.05 3.13%
1913 £1.04 -1.01%
1914 £1.04 0.00%
1915 £1.17 12.24%
1916 £1.38 18.18%
1917 £1.73 25.38%
1918 £2.12 22.09%
1919 £2.33 10.05%
1920 £2.69 15.53%
1921 £2.46 -8.70%
1922 £2.12 -13.85%
1923 £1.99 -6.03%
1924 £1.98 -0.53%
1925 £1.98 0.00%
1926 £1.97 -0.54%
1927 £1.91 -2.70%
1928 £1.91 0.00%
1929 £1.89 -1.11%
1930 £1.84 -2.81%
1931 £1.77 -4.05%
1932 £1.72 -2.41%
1933 £1.68 -2.47%
1934 £1.68 0.00%
1935 £1.69 0.63%
1936 £1.70 0.63%
1937 £1.77 3.75%
1938 £1.79 1.20%
1939 £1.84 2.98%
1940 £2.15 16.76%
1941 £2.38 10.89%
1942 £2.55 7.14%
1943 £2.64 3.33%
1944 £2.71 2.82%
1945 £2.79 2.75%
1946 £2.87 3.05%
1947 £3.07 7.04%
1948 £3.31 7.61%
1949 £3.40 2.89%
1950 £3.51 3.13%
1951 £3.83 9.09%
1952 £4.18 9.17%
1953 £4.31 3.05%
1954 £4.39 1.98%
1955 £4.59 4.36%
1956 £4.82 5.10%
1957 £4.99 3.53%
1958 £5.15 3.20%
1959 £5.17 0.41%
1960 £5.22 1.03%
1961 £5.40 3.46%
1962 £5.64 4.33%
1963 £5.74 1.89%
1964 £5.94 3.33%
1965 £6.21 4.66%
1966 £6.46 3.94%
1967 £6.63 2.64%
1968 £6.94 4.65%
1969 £7.31 5.37%
1970 £7.78 6.40%
1971 £8.51 9.44%
1972 £9.12 7.13%
1973 £9.95 9.10%
1974 £11.54 16.04%
1975 £14.34 24.24%
1976 £16.71 16.54%
1977 £19.36 15.85%
1978 £20.97 8.30%
1979 £23.78 13.39%
1980 £28.05 17.99%
1981 £31.38 11.87%
1982 £34.09 8.61%
1983 £35.65 4.59%
1984 £37.43 4.98%
1985 £39.70 6.08%
1986 £41.05 3.40%
1987 £42.77 4.17%
1988 £44.86 4.90%
1989 £48.35 7.78%
1990 £52.93 9.46%
1991 £56.03 5.87%
1992 £58.13 3.74%
1993 £59.05 1.59%
1994 £60.48 2.41%
1995 £62.57 3.47%
1996 £64.09 2.41%
1997 £66.10 3.14%
1998 £68.36 3.43%
1999 £69.41 1.54%
2000 £71.47 2.96%
2001 £72.73 1.77%
2002 £73.95 1.67%
2003 £76.09 2.89%
2004 £78.35 2.98%
2005 £80.56 2.82%
2006 £83.14 3.20%
2007 £86.70 4.29%
2008 £90.16 3.99%
2009 £89.68 -0.53%
2010 £93.82 4.61%
2011 £98.70 5.20%
2012 £101.87 3.21%
2013 £104.97 3.04%
2014 £107.45 2.36%
2015 £108.51 0.99%
2016 £110.39 1.74%
2017 £114.35 3.58%
2018 £117.44 2.70%
2019 £120.37 2.50%
2020 £122.54 1.80%
2021 £123.40 0.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1880 amounts in 1884 pounds, based on the -3.19% change in prices:

Conversion: 1880 pounds in 1884
Initial value Equivalent value
£1 pound in 1880 £0.97 pounds in 1884
£5 pounds in 1880 £4.84 pounds in 1884
£10 pounds in 1880 £9.68 pounds in 1884
£50 pounds in 1880 £48.40 pounds in 1884
£100 pounds in 1880 £96.81 pounds in 1884
£500 pounds in 1880 £484.04 pounds in 1884
£1,000 pounds in 1880 £968.09 pounds in 1884
£5,000 pounds in 1880 £4,840.43 pounds in 1884
£10,000 pounds in 1880 £9,680.85 pounds in 1884
£50,000 pounds in 1880 £48,404.26 pounds in 1884
£100,000 pounds in 1880 £96,808.51 pounds in 1884
£500,000 pounds in 1880 £484,042.55 pounds in 1884
£1,000,000 pounds in 1880 £968,085.11 pounds in 1884

How to Calculate Inflation Rate for £1, 1880 to 1884

Our calculations use the following inflation rate formula to calculate the change in value between 1880 and 1884:

CPI in 1884 CPI in 1880
×
1880 GBP value
=
1884 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.4 in the year 1880 and 9.1 in 1884:

9.19.4
×
£1
=
£0.97

£1 in 1880 has the same "purchasing power" or "buying power" as £0.97 in 1884.

To get the total inflation rate for the 4 years between 1880 and 1884, we use the following formula:

CPI in 1884 - CPI in 1880CPI in 1880
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

9.1 - 9.49.4
×
100
=
-3%

News headlines from 1880

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 → 1884 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Sep. 2021, https://www.officialdata.org/uk/inflation/1880?amount=1&endYear=1884.

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 1884
Cumulative price change -3.19%
Average inflation rate -0.81%
Converted amount (£1 base) £0.97
Price difference (£1 base) £-0.03
CPI in 1880 9.400
CPI in 1884 9.100
Inflation in 1880 3.30%
Inflation in 1884 -2.15%
£1 in 1880 £0.97 in 1884