£1 in 1890 is equivalent in purchasing power to about £1.13 in 1912, an increase of £0.13 over 22 years. The pound had an average inflation rate of 0.54% per year between 1890 and 1912, producing a cumulative price increase of 12.50%.
This means that prices in 1912 are 1.13 times as high as average prices since 1890, according to the Office for National Statistics composite price index.
The inflation rate in 1890 was 0.00%. The inflation rate in 1912 was 3.13%. The 1912 inflation rate is lower compared to the average inflation rate of 4.53% per year between 1912 and 2024.
Cumulative price change | 12.50% |
Average inflation rate | 0.54% |
Converted amount £1 base | £1.13 |
Price difference £1 base | £0.13 |
CPI in 1890 | 8.800 |
CPI in 1912 | 9.900 |
Inflation in 1890 | 0.00% |
Inflation in 1912 | 3.13% |
£1 in 1890 | £1.13 in 1912 |
This chart shows a calculation of buying power equivalence for £1 in 1890 (price index tracking began in 1750).
For example, if you started with £1, you would need to end with £1.13 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When £1 is equivalent to £1.13 over time, that means that the "real value" of a single U.K. pound decreases over time. In other words, a pound will pay for fewer items at the store.
This effect explains how inflation erodes the value of a pound over time. By calculating the value in 1890 dollars, the chart below shows how £1 is worth less over 22 years.
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:
This conversion table shows various other 1890 amounts in 1912 pounds, based on the 12.50% change in prices:
Initial value | Equivalent value |
---|---|
£1 pound in 1890 | £1.13 pounds in 1912 |
£5 pounds in 1890 | £5.63 pounds in 1912 |
£10 pounds in 1890 | £11.25 pounds in 1912 |
£50 pounds in 1890 | £56.25 pounds in 1912 |
£100 pounds in 1890 | £112.50 pounds in 1912 |
£500 pounds in 1890 | £562.50 pounds in 1912 |
£1,000 pounds in 1890 | £1,125.00 pounds in 1912 |
£5,000 pounds in 1890 | £5,625.00 pounds in 1912 |
£10,000 pounds in 1890 | £11,250.00 pounds in 1912 |
£50,000 pounds in 1890 | £56,250.00 pounds in 1912 |
£100,000 pounds in 1890 | £112,500.00 pounds in 1912 |
£500,000 pounds in 1890 | £562,500.00 pounds in 1912 |
£1,000,000 pounds in 1890 | £1,125,000.00 pounds in 1912 |
Our calculations use the following inflation rate formula to calculate the change in value between 1890 and 1912:
Then plug in historical CPI values. The U.K. CPI was 8.8 in the year 1890 and 9.9 in 1912:
£1 in 1890 has the same "purchasing power" or "buying power" as £1.13 in 1912.
To get the total inflation rate for the 22 years between 1890 and 1912, we use the following formula:
Plugging in the values to this equation, we get:
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 the current year, which is based on The Bank of England's forecast.
You may use the following MLA citation for this page: “£1 in 1890 → 1912 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 Oct. 2024, https://www.officialdata.org/uk/inflation/1890?amount=1&endYear=1912.
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.
Cumulative price change | 12.50% |
Average inflation rate | 0.54% |
Converted amount £1 base | £1.13 |
Price difference £1 base | £0.13 |
CPI in 1890 | 8.800 |
CPI in 1912 | 9.900 |
Inflation in 1890 | 0.00% |
Inflation in 1912 | 3.13% |
£1 in 1890 | £1.13 in 1912 |