# £1 in 1895 is worth £1.03 in 1891

£

## Value of £1 from 1895 to 1891

£1 in 1895 is equivalent in purchasing power to about £1.03 in 1891, a difference of £0.03 over 4 years. The pound had an average deflation rate of -0.85% per year since 1891, producing a cumulative price change of 3.49%.

This means that prices in 1891 are 1.03 times higher than average prices since 1895, according to the Office for National Statistics composite price index.

The 1891 inflation rate was 1.14%. The inflation rate in 1895 was -1.15%. The 1895 inflation rate is lower compared to the average inflation rate of 3.99% per year between 1895 and 2021.

 Cumulative price change 3.49% Average inflation rate -0.85% Converted amount (£1 base) £1.03 Price difference (£1 base) £0.03 CPI in 1895 8.600 CPI in 1891 8.900 Inflation in 1891 1.14% Inflation in 1895 -1.15% £1 in 1895 £1.03 in 1891

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

## Buying power of £1 in 1891

This chart shows a calculation of buying power equivalence for £1 in 1891 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.03 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: 1891-1895
Year Pound Value Inflation Rate
1891 £1.00 1.14%
1892 £1.00 0.00%
1893 £0.99 -1.12%
1894 £0.98 -1.14%
1895 £0.97 -1.15%
1896 £0.96 -1.16%
1897 £0.98 2.35%
1898 £0.98 0.00%
1899 £0.99 1.15%
1900 £1.03 4.55%
1901 £1.03 0.00%
1902 £1.03 0.00%
1903 £1.04 1.09%
1904 £1.04 0.00%
1905 £1.04 0.00%
1906 £1.04 0.00%
1907 £1.06 1.08%
1908 £1.06 0.00%
1909 £1.07 1.06%
1910 £1.08 1.05%
1911 £1.08 0.00%
1912 £1.11 3.13%
1913 £1.10 -1.01%
1914 £1.10 0.00%
1915 £1.24 12.24%
1916 £1.46 18.18%
1917 £1.83 25.38%
1918 £2.24 22.09%
1919 £2.46 10.05%
1920 £2.84 15.53%
1921 £2.60 -8.70%
1922 £2.24 -13.85%
1923 £2.10 -6.03%
1924 £2.09 -0.53%
1925 £2.09 0.00%
1926 £2.08 -0.54%
1927 £2.02 -2.70%
1928 £2.02 0.00%
1929 £2.00 -1.11%
1930 £1.94 -2.81%
1931 £1.87 -4.05%
1932 £1.82 -2.41%
1933 £1.78 -2.47%
1934 £1.78 0.00%
1935 £1.79 0.63%
1936 £1.80 0.63%
1937 £1.87 3.75%
1938 £1.89 1.20%
1939 £1.94 2.98%
1940 £2.27 16.76%
1941 £2.52 10.89%
1942 £2.70 7.14%
1943 £2.79 3.33%
1944 £2.87 2.82%
1945 £2.94 2.75%
1946 £3.03 3.05%
1947 £3.25 7.04%
1948 £3.49 7.61%
1949 £3.60 2.89%
1950 £3.71 3.13%
1951 £4.04 9.09%
1952 £4.42 9.17%
1953 £4.55 3.05%
1954 £4.64 1.98%
1955 £4.84 4.36%
1956 £5.09 5.10%
1957 £5.27 3.53%
1958 £5.44 3.20%
1959 £5.46 0.41%
1960 £5.52 1.03%
1961 £5.71 3.46%
1962 £5.96 4.33%
1963 £6.07 1.89%
1964 £6.27 3.33%
1965 £6.56 4.66%
1966 £6.82 3.94%
1967 £7.00 2.64%
1968 £7.33 4.65%
1969 £7.72 5.37%
1970 £8.21 6.40%
1971 £8.99 9.44%
1972 £9.63 7.13%
1973 £10.51 9.10%
1974 £12.19 16.04%
1975 £15.15 24.24%
1976 £17.65 16.54%
1977 £20.45 15.85%
1978 £22.15 8.30%
1979 £25.11 13.39%
1980 £29.63 17.99%
1981 £33.15 11.87%
1982 £36.00 8.61%
1983 £37.65 4.59%
1984 £39.53 4.98%
1985 £41.93 6.08%
1986 £43.36 3.40%
1987 £45.17 4.17%
1988 £47.38 4.90%
1989 £51.07 7.78%
1990 £55.90 9.46%
1991 £59.18 5.87%
1992 £61.39 3.74%
1993 £62.37 1.59%
1994 £63.88 2.41%
1995 £66.09 3.47%
1996 £67.69 2.41%
1997 £69.81 3.14%
1998 £72.20 3.43%
1999 £73.31 1.54%
2000 £75.48 2.96%
2001 £76.82 1.77%
2002 £78.10 1.67%
2003 £80.36 2.89%
2004 £82.75 2.98%
2005 £85.09 2.82%
2006 £87.81 3.20%
2007 £91.57 4.29%
2008 £95.22 3.99%
2009 £94.72 -0.53%
2010 £99.09 4.61%
2011 £104.25 5.20%
2012 £107.60 3.21%
2013 £110.87 3.04%
2014 £113.48 2.36%
2015 £114.61 0.99%
2016 £116.60 1.74%
2017 £120.78 3.58%
2018 £124.04 2.70%
2019 £127.14 2.50%
2020 £129.43 1.80%
2021 £133.44 3.10%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1891 amounts in 1895 pounds, based on the 3.49% change in prices:

Conversion: 1891 pounds in 1895
Initial value Equivalent value
£1 pound in 1891 £0.97 pounds in 1895
£5 pounds in 1891 £4.83 pounds in 1895
£10 pounds in 1891 £9.66 pounds in 1895
£50 pounds in 1891 £48.31 pounds in 1895
£100 pounds in 1891 £96.63 pounds in 1895
£500 pounds in 1891 £483.15 pounds in 1895
£1,000 pounds in 1891 £966.29 pounds in 1895
£5,000 pounds in 1891 £4,831.46 pounds in 1895
£10,000 pounds in 1891 £9,662.92 pounds in 1895
£50,000 pounds in 1891 £48,314.61 pounds in 1895
£100,000 pounds in 1891 £96,629.21 pounds in 1895
£500,000 pounds in 1891 £483,146.07 pounds in 1895
£1,000,000 pounds in 1891 £966,292.13 pounds in 1895

## How to Calculate Inflation Rate for £1, 1891 to 1895

Our calculations use the following inflation rate formula to calculate the change in value between 1891 and 1895:

CPI in 1891 CPI in 1895
×
1895 GBP value
=
1891 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.6 in the year 1895 and 8.9 in 1891:

8.98.6
×
£1
=
£1.03

£1 in 1895 has the same "purchasing power" or "buying power" as £1.03 in 1891.

To get the total inflation rate for the 4 years between 1891 and 1895, we use the following formula:

CPI in 1891 - CPI in 1895CPI in 1895
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

8.9 - 8.68.6
×
100
=
3%

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

• Italy invades Abyssinia (Ethiopia today).
• First Sino-Japanese war finishes after signing the Treaty of Shimonoseki.
• Electromagnetic radiation in a wavelength range today known as X-rays were produced by Wilhelm Rontgen, a German physicist.
• The Nobel Prize is established in the will of Swedish chemist Alfred Nobel.

## 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 1895 → 1891 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Dec. 2021, https://www.officialdata.org/uk/inflation/1895?amount=1&endYear=1891.

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.