£1 in 1895 is worth £1.01 in 1894

Value of £1 from 1895 to 1894

£1 in 1895 is equivalent in purchasing power to about £1.01 in 1894. The pound had an average deflation rate of -1.15% per year since 1894, producing a cumulative price change of 1.16%.

This means that prices in 1894 are 1.01 times as high as average prices since 1895, according to the Office for National Statistics composite price index.

The inflation rate in 1894 was -1.14%. The inflation rate in 1895 was -1.15%. The 1895 inflation rate is lower compared to the average inflation rate of 4.04% per year between 1895 and 2024.


Inflation from 1895 to 1894
Average inflation rate-1.15%
Converted amount
£1 base
£1.01
Price difference
£1 base
£0.01
CPI in 18958.600
CPI in 18948.700
Inflation in 1894-1.14%
Inflation in 1895-1.15%
£1 in 1895£1.01 in 1894

Recent GBP inflation
Annual Rate, the Office for National Statistics CPI
Download

How to calculate inflation rate for £1, 1894 to 1895

Our calculations use the following inflation rate formula to calculate the change in value between 1894 and 1895:

CPI in 1894 CPI in 1895
×
1895 GBP value
=
1894 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.6 in the year 1895 and 8.7 in 1894:

8.78.6
×
£1
=
£1.01

£1 in 1895 has the same "purchasing power" or "buying power" as £1.01 in 1894.

To get the total inflation rate for the 1 years between 1894 and 1895, we use the following formula:

CPI in 1894 - CPI in 1895CPI in 1895
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.7 - 8.68.6
×
100
=
1%

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 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 1895 → 1894 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Mar. 2024, https://www.officialdata.org/uk/inflation/1895?amount=1&endYear=1894.

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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Inflation from 1895 to 1894
Average inflation rate-1.15%
Converted amount
£1 base
£1.01
Price difference
£1 base
£0.01
CPI in 18958.600
CPI in 18948.700
Inflation in 1894-1.14%
Inflation in 1895-1.15%
£1 in 1895£1.01 in 1894