£1 in 1885 is worth £1.06 in 1883

Value of £1 from 1885 to 1883

£1 in 1885 is equivalent in purchasing power to about £1.06 in 1883, a difference of £0.06 over 2 years. The pound had an average deflation rate of -2.73% per year since 1883, producing a cumulative price change of 5.68%.

This means that prices in 1883 are 1.06 times higher than average prices since 1885, according to the Office for National Statistics composite price index.

The 1883 inflation rate was -1.06%. The inflation rate in 1885 was -3.30%. The 1885 inflation rate is lower compared to the average inflation rate of 3.65% per year between 1885 and 2021.


Inflation from 1885 to 1883
Cumulative price change 5.68%
Average inflation rate -2.73%
Converted amount (£1 base) £1.06
Price difference (£1 base) £0.06
CPI in 1885 8.800
CPI in 1883 9.300
Inflation in 1883 -1.06%
Inflation in 1885 -3.30%
£1 in 1885 £1.06 in 1883

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

Buying power of £1 in 1883

This chart shows a calculation of buying power equivalence for £1 in 1883 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.06 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: 1883-1885
Year Pound Value Inflation Rate
1883 £1.00 -1.06%
1884 £0.98 -2.15%
1885 £0.95 -3.30%
1886 £0.94 -1.14%
1887 £0.92 -1.15%
1888 £0.94 1.16%
1889 £0.95 1.15%
1890 £0.95 0.00%
1891 £0.96 1.14%
1892 £0.96 0.00%
1893 £0.95 -1.12%
1894 £0.94 -1.14%
1895 £0.92 -1.15%
1896 £0.91 -1.16%
1897 £0.94 2.35%
1898 £0.94 0.00%
1899 £0.95 1.15%
1900 £0.99 4.55%
1901 £0.99 0.00%
1902 £0.99 0.00%
1903 £1.00 1.09%
1904 £1.00 0.00%
1905 £1.00 0.00%
1906 £1.00 0.00%
1907 £1.01 1.08%
1908 £1.01 0.00%
1909 £1.02 1.06%
1910 £1.03 1.05%
1911 £1.03 0.00%
1912 £1.06 3.13%
1913 £1.05 -1.01%
1914 £1.05 0.00%
1915 £1.18 12.24%
1916 £1.40 18.18%
1917 £1.75 25.38%
1918 £2.14 22.09%
1919 £2.35 10.05%
1920 £2.72 15.53%
1921 £2.48 -8.70%
1922 £2.14 -13.85%
1923 £2.01 -6.03%
1924 £2.00 -0.53%
1925 £2.00 0.00%
1926 £1.99 -0.54%
1927 £1.94 -2.70%
1928 £1.94 0.00%
1929 £1.91 -1.11%
1930 £1.86 -2.81%
1931 £1.78 -4.05%
1932 £1.74 -2.41%
1933 £1.70 -2.47%
1934 £1.70 0.00%
1935 £1.71 0.63%
1936 £1.72 0.63%
1937 £1.78 3.75%
1938 £1.81 1.20%
1939 £1.86 2.98%
1940 £2.17 16.76%
1941 £2.41 10.89%
1942 £2.58 7.14%
1943 £2.67 3.33%
1944 £2.74 2.82%
1945 £2.82 2.75%
1946 £2.90 3.05%
1947 £3.11 7.04%
1948 £3.34 7.61%
1949 £3.44 2.89%
1950 £3.55 3.13%
1951 £3.87 9.09%
1952 £4.23 9.17%
1953 £4.35 3.05%
1954 £4.44 1.98%
1955 £4.63 4.36%
1956 £4.87 5.10%
1957 £5.04 3.53%
1958 £5.20 3.20%
1959 £5.23 0.41%
1960 £5.28 1.03%
1961 £5.46 3.46%
1962 £5.70 4.33%
1963 £5.81 1.89%
1964 £6.00 3.33%
1965 £6.28 4.66%
1966 £6.53 3.94%
1967 £6.70 2.64%
1968 £7.01 4.65%
1969 £7.39 5.37%
1970 £7.86 6.40%
1971 £8.60 9.44%
1972 £9.22 7.13%
1973 £10.05 9.10%
1974 £11.67 16.04%
1975 £14.49 24.24%
1976 £16.89 16.54%
1977 £19.57 15.85%
1978 £21.19 8.30%
1979 £24.03 13.39%
1980 £28.35 17.99%
1981 £31.72 11.87%
1982 £34.45 8.61%
1983 £36.03 4.59%
1984 £37.83 4.98%
1985 £40.13 6.08%
1986 £41.49 3.40%
1987 £43.23 4.17%
1988 £45.34 4.90%
1989 £48.87 7.78%
1990 £53.49 9.46%
1991 £56.63 5.87%
1992 £58.75 3.74%
1993 £59.69 1.59%
1994 £61.13 2.41%
1995 £63.25 3.47%
1996 £64.77 2.41%
1997 £66.81 3.14%
1998 £69.10 3.43%
1999 £70.16 1.54%
2000 £72.24 2.96%
2001 £73.52 1.77%
2002 £74.74 1.67%
2003 £76.90 2.89%
2004 £79.19 2.98%
2005 £81.43 2.82%
2006 £84.03 3.20%
2007 £87.63 4.29%
2008 £91.13 3.99%
2009 £90.65 -0.53%
2010 £94.83 4.61%
2011 £99.76 5.20%
2012 £102.97 3.21%
2013 £106.10 3.04%
2014 £108.60 2.36%
2015 £109.68 0.99%
2016 £111.58 1.74%
2017 £115.58 3.58%
2018 £118.70 2.70%
2019 £121.67 2.50%
2020 £123.86 1.80%
2021 £124.73 0.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1883 amounts in 1885 pounds, based on the 5.68% change in prices:

Conversion: 1883 pounds in 1885
Initial value Equivalent value
£1 pound in 1883 £0.95 pounds in 1885
£5 pounds in 1883 £4.73 pounds in 1885
£10 pounds in 1883 £9.46 pounds in 1885
£50 pounds in 1883 £47.31 pounds in 1885
£100 pounds in 1883 £94.62 pounds in 1885
£500 pounds in 1883 £473.12 pounds in 1885
£1,000 pounds in 1883 £946.24 pounds in 1885
£5,000 pounds in 1883 £4,731.18 pounds in 1885
£10,000 pounds in 1883 £9,462.37 pounds in 1885
£50,000 pounds in 1883 £47,311.83 pounds in 1885
£100,000 pounds in 1883 £94,623.66 pounds in 1885
£500,000 pounds in 1883 £473,118.28 pounds in 1885
£1,000,000 pounds in 1883 £946,236.56 pounds in 1885

How to Calculate Inflation Rate for £1, 1883 to 1885

Our calculations use the following inflation rate formula to calculate the change in value between 1883 and 1885:

CPI in 1883 CPI in 1885
×
1885 GBP value
=
1883 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.8 in the year 1885 and 9.3 in 1883:

9.38.8
×
£1
=
£1.06

£1 in 1885 has the same "purchasing power" or "buying power" as £1.06 in 1883.

To get the total inflation rate for the 2 years between 1883 and 1885, we use the following formula:

CPI in 1883 - CPI in 1885CPI in 1885
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

9.3 - 8.88.8
×
100
=
6%

News headlines from 1883

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

  • King Leopold II of Belgium makes Congo his own personal, colonial possession.
  • Congo is given to Belgium whilst Nigeria is awarded to Great Britain during the Berlin Conference
  • Bismarck, German chancellor, conquers Cameron and Togoland
  • Louis Pasteur conducts the first successful test of an anti-rabies vaccine
  • Gottlieb Daimler invents the first motorcycle.

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 1885 → 1883 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Oct. 2021, https://www.officialdata.org/uk/inflation/1885?amount=1&endYear=1883.

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 1885 to 1883
Cumulative price change 5.68%
Average inflation rate -2.73%
Converted amount (£1 base) £1.06
Price difference (£1 base) £0.06
CPI in 1885 8.800
CPI in 1883 9.300
Inflation in 1883 -1.06%
Inflation in 1885 -3.30%
£1 in 1885 £1.06 in 1883