£1 in 1885 is equivalent in purchasing power to about £0.99 in 1886. The pound had an average **deflation** rate of -1.14% per year since 1885, producing a cumulative price change of -1.14%.

This means that prices in 1886 are 1.14% lower than average prices since 1885, according to the Office for National Statistics composite price index.

The inflation rate in 1885 was -3.30%. The inflation rate in 1886 was -1.14%. The 1886 inflation rate is lower compared to the average inflation rate of 3.77% per year between 1886 and 2022.

⌃

Average inflation rate | -1.14% |

Converted amount (£1 base) | £0.99 |

Price difference (£1 base) | £-0.01 |

CPI in 1885 | 8.800 |

CPI in 1886 | 8.700 |

Inflation in 1885 | -3.30% |

Inflation in 1886 | -1.14% |

£1 in 1885 | £0.99 in 1886 |

Our calculations use the following inflation rate formula to calculate the change in value between 1885 and 1886:

CPI in 1886 CPI in 1885

×

1885 GBP value

=

1886 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.8 in the year 1885 and 8.7 in 1886:

8.78.8

×

£1

=

£1 in 1885 has the same "purchasing power" or "buying power" as £0.99 in 1886.

To get the total inflation rate for the 1 years between 1885 and 1886, we use the following formula:

CPI in 1886 - CPI in 1885CPI in 1885

×

100

=

Plugging in the values to this equation, we get:

8.7 - 8.88.8

×

100

=

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 → 1886 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Dec. 2022, https://www.officialdata.org/uk/inflation/1885?amount=1&endYear=1886.

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.

Average inflation rate | -1.14% |

Converted amount (£1 base) | £0.99 |

Price difference (£1 base) | £-0.01 |

CPI in 1885 | 8.800 |

CPI in 1886 | 8.700 |

Inflation in 1885 | -3.30% |

Inflation in 1886 | -1.14% |

£1 in 1885 | £0.99 in 1886 |