# £1 in 1900 is worth £0.96 in 1899

£
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## Value of £1 from 1900 to 1899

According to the Office for National Statistics composite price index, prices in 1899 are 4.35% lower than average prices since 1900. The British pound experienced an average inflation rate of 4.55% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1900 is equivalent in purchasing power to about £0.96 in 1899.

The 1899 inflation rate was 1.15%. The inflation rate in 1900 was 4.55%. The 1900 inflation rate is higher compared to the average inflation rate of 4.10% per year between 1900 and 2020.

 Average inflation rate 4.55% Converted amount (£1 base) £0.96 Price difference (£1 base) £-0.04 CPI in 1900 9.200 CPI in 1899 8.800 Inflation in 1899 1.15% Inflation in 1900 4.55%

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

## How to Calculate Inflation Rate for £1, 1899 to 1900

Our calculations use the following inflation rate formula to calculate the change in value between 1899 and 1900:

CPI in 1899 CPI in 1900
×
1900 GBP value
=
1899 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.2 in the year 1900 and 8.8 in 1899:

8.89.2
×
£1
=
£0.96

£1 in 1900 has the same "purchasing power" or "buying power" as £0.96 in 1899.

To get the total inflation rate for the 1 years between 1899 and 1900, we use the following formula:

CPI in 1899 - CPI in 1900CPI in 1900
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.8 - 9.29.2
×
100
=
-4%

## News headlines from 1899

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

• Britain establishes the protectorates of Northern Nigeria and Southern Nigeria.
• America announces the Open Door Policy to promote trade with China.
• The US Congress passes the Currency Act, establishing the gold standard.
• Dutch botanist and geneticist Hugo de Vries rediscovers Mendel's law of genetics
• Under pressure from Japan, Korea denies Russia access to Masampo Port, leading to a war between Russia and Japan.

## 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 1900 → 1899 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Nov. 2020, https://www.officialdata.org/uk/inflation/1900?amount=1&endYear=1899.

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.

#### 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.

 Average inflation rate 4.55% Converted amount (£1 base) £0.96 Price difference (£1 base) £-0.04 CPI in 1900 9.200 CPI in 1899 8.800 Inflation in 1899 1.15% Inflation in 1900 4.55%