£10 in 1894 is worth £1,333.28 today

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Value of £10 from 1894 to 2021

£10 in 1894 is equivalent in purchasing power to about £1,333.28 today, an increase of £1,323.28 over 127 years. The pound had an average inflation rate of 3.93% per year between 1894 and today, producing a cumulative price increase of 13,232.77%.

This means that today's prices are 133.33 times higher than average prices since 1894, according to the Office for National Statistics composite price index. A pound today only buys 0.75% of what it could buy back then.

The 1894 inflation rate was -1.14%. The current year-over-year inflation rate (2020 to 2021) is now 0.70%1. If this number holds, £10 today will be equivalent in buying power to £10.07 next year.

 Cumulative price change 13,232.77% Average inflation rate 3.93% Converted amount (£10 base) £1,333.28 Price difference (£10 base) £1,323.28 CPI in 1894 8.700 CPI in 2021 1,159.951 Inflation in 1894 -1.14% Inflation in 2021 0.70% £10 in 1894 £1,333.28 in 2021

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

Buying power of £10 in 1894

This chart shows a calculation of buying power equivalence for £10 in 1894 (price index tracking began in 1750).

For example, if you started with £10, you would need to end with £1,333.28 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £10 is equivalent to £1,333.28 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 1894 dollars, the chart below shows how £10 is worth less over 127 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:

Pound inflation: 1894-2021
Year Pound Value Inflation Rate
1894 £10.00 -1.14%
1895 £9.89 -1.15%
1896 £9.77 -1.16%
1897 £10.00 2.35%
1898 £10.00 0.00%
1899 £10.11 1.15%
1900 £10.57 4.55%
1901 £10.57 0.00%
1902 £10.57 0.00%
1903 £10.69 1.09%
1904 £10.69 0.00%
1905 £10.69 0.00%
1906 £10.69 0.00%
1907 £10.80 1.08%
1908 £10.80 0.00%
1909 £10.92 1.06%
1910 £11.03 1.05%
1911 £11.03 0.00%
1912 £11.38 3.13%
1913 £11.26 -1.01%
1914 £11.26 0.00%
1915 £12.64 12.24%
1916 £14.94 18.18%
1917 £18.74 25.38%
1918 £22.87 22.09%
1919 £25.17 10.05%
1920 £29.08 15.53%
1921 £26.55 -8.70%
1922 £22.87 -13.85%
1923 £21.49 -6.03%
1924 £21.38 -0.53%
1925 £21.38 0.00%
1926 £21.26 -0.54%
1927 £20.69 -2.70%
1928 £20.69 0.00%
1929 £20.46 -1.11%
1930 £19.89 -2.81%
1931 £19.08 -4.05%
1932 £18.62 -2.41%
1933 £18.16 -2.47%
1934 £18.16 0.00%
1935 £18.28 0.63%
1936 £18.39 0.63%
1937 £19.08 3.75%
1938 £19.31 1.20%
1939 £19.89 2.98%
1940 £23.22 16.76%
1941 £25.75 10.89%
1942 £27.59 7.14%
1943 £28.51 3.33%
1944 £29.31 2.82%
1945 £30.11 2.75%
1946 £31.03 3.05%
1947 £33.22 7.04%
1948 £35.75 7.61%
1949 £36.78 2.89%
1950 £37.93 3.13%
1951 £41.38 9.09%
1952 £45.17 9.17%
1953 £46.55 3.05%
1954 £47.47 1.98%
1955 £49.54 4.36%
1956 £52.07 5.10%
1957 £53.91 3.53%
1958 £55.63 3.20%
1959 £55.86 0.41%
1960 £56.44 1.03%
1961 £58.39 3.46%
1962 £60.92 4.33%
1963 £62.07 1.89%
1964 £64.14 3.33%
1965 £67.13 4.66%
1966 £69.77 3.94%
1967 £71.61 2.64%
1968 £74.94 4.65%
1969 £78.97 5.37%
1970 £84.02 6.40%
1971 £91.95 9.44%
1972 £98.51 7.13%
1973 £107.47 9.10%
1974 £124.71 16.04%
1975 £154.94 24.24%
1976 £180.57 16.54%
1977 £209.20 15.85%
1978 £226.55 8.30%
1979 £256.90 13.39%
1980 £303.10 17.99%
1981 £339.08 11.87%
1982 £368.28 8.61%
1983 £385.17 4.59%
1984 £404.37 4.98%
1985 £428.97 6.08%
1986 £443.56 3.40%
1987 £462.07 4.17%
1988 £484.71 4.90%
1989 £522.41 7.78%
1990 £571.84 9.46%
1991 £605.40 5.87%
1992 £628.05 3.74%
1993 £638.05 1.59%
1994 £653.45 2.41%
1995 £676.09 3.47%
1996 £692.41 2.41%
1997 £714.14 3.14%
1998 £738.62 3.43%
1999 £750.00 1.54%
2000 £772.18 2.96%
2001 £785.86 1.77%
2002 £798.97 1.67%
2003 £822.07 2.89%
2004 £846.55 2.98%
2005 £870.46 2.82%
2006 £898.28 3.20%
2007 £936.78 4.29%
2008 £974.14 3.99%
2009 £968.97 -0.53%
2010 £1,013.68 4.61%
2011 £1,066.44 5.20%
2012 £1,100.69 3.21%
2013 £1,134.14 3.04%
2014 £1,160.92 2.36%
2015 £1,172.41 0.99%
2016 £1,192.76 1.74%
2017 £1,235.52 3.58%
2018 £1,268.88 2.70%
2019 £1,300.60 2.50%
2020 £1,324.01 1.80%
2021 £1,333.28 0.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 121 more rows

This conversion table shows various other 1894 amounts in today's pounds, based on the 13,232.77% change in prices:

Conversion: 1894 pounds today
Initial value Equivalent value
£1 pound in 1894 £133.33 pounds today
£5 pounds in 1894 £666.64 pounds today
£10 pounds in 1894 £1,333.28 pounds today
£50 pounds in 1894 £6,666.38 pounds today
£100 pounds in 1894 £13,332.77 pounds today
£500 pounds in 1894 £66,663.85 pounds today
£1,000 pounds in 1894 £133,327.69 pounds today
£5,000 pounds in 1894 £666,638.47 pounds today
£10,000 pounds in 1894 £1,333,276.94 pounds today
£50,000 pounds in 1894 £6,666,384.70 pounds today
£100,000 pounds in 1894 £13,332,769.40 pounds today
£500,000 pounds in 1894 £66,663,847.01 pounds today
£1,000,000 pounds in 1894 £133,327,694.02 pounds today

How to Calculate Inflation Rate for £10 since 1894

Our calculations use the following inflation rate formula to calculate the change in value between 1894 and today:

CPI today CPI in 1894
×
1894 GBP value
=
Today's value

Then plug in historical CPI values. The U.K. CPI was 8.7 in the year 1894 and 1159.950938 in 2021:

1159.9509388.7
×
£10
=
£1,333.28

£10 in 1894 has the same "purchasing power" or "buying power" as £1,333.28 in 2021.

To get the total inflation rate for the 127 years between 1894 and 2021, we use the following formula:

CPI in 2021 - CPI in 1894CPI in 1894
×
100
=
Cumulative inflation rate (127 years)

Plugging in the values to this equation, we get:

1159.950938 - 8.78.7
×
100
=
13,233%

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

• Thomas Edison's kinetoscope is shown to the public for the first time.
• Initiated by Baron Pierre de Coubertin, the International Olympic Committee is founded in Paris.
• Shibasaburo Kitasato, a Japanese scientist, discovers the cause of the Bubonic Plague and publishes his discovery in ‘The Lancet’.
• The first ever drink driving fine, is delivered to a London taxi driver called George Smith.
• Doctor Roux of Paris announces the creation of a diphtheria vaccine.

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: “£10 in 1894 → 2021 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Aug. 2021, https://www.officialdata.org/uk/inflation/1894?amount=10.

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.