# £1 in 1910 is worth £1.15 in 1915

£

## Value of £1 from 1910 to 1915

£1 in 1910 is equivalent in purchasing power to about £1.15 in 1915, an increase of £0.15 over 5 years. The pound had an average inflation rate of 2.76% per year between 1910 and 1915, producing a cumulative price increase of 14.58%.

This means that prices in 1915 are 1.15 times higher than average prices since 1910, according to the Office for National Statistics composite price index.

The 1910 inflation rate was 1.05%. The inflation rate in 1915 was 12.24%. The 1915 inflation rate is higher compared to the average inflation rate of 4.49% per year between 1915 and 2021.

 Cumulative price change 14.58% Average inflation rate 2.76% Converted amount (£1 base) £1.15 Price difference (£1 base) £0.15 CPI in 1910 9.600 CPI in 1915 11.000 Inflation in 1910 1.05% Inflation in 1915 12.24% £1 in 1910 £1.15 in 1915

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

## Buying power of £1 in 1910

This chart shows a calculation of buying power equivalence for £1 in 1910 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.15 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.15 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 1910 dollars, the chart below shows how £1 is worth less over 5 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: 1910-1915
Year Pound Value Inflation Rate
1910 £1.00 1.05%
1911 £1.00 0.00%
1912 £1.03 3.13%
1913 £1.02 -1.01%
1914 £1.02 0.00%
1915 £1.15 12.24%
1916 £1.35 18.18%
1917 £1.70 25.38%
1918 £2.07 22.09%
1919 £2.28 10.05%
1920 £2.64 15.53%
1921 £2.41 -8.70%
1922 £2.07 -13.85%
1923 £1.95 -6.03%
1924 £1.94 -0.53%
1925 £1.94 0.00%
1926 £1.93 -0.54%
1927 £1.88 -2.70%
1928 £1.88 0.00%
1929 £1.85 -1.11%
1930 £1.80 -2.81%
1931 £1.73 -4.05%
1932 £1.69 -2.41%
1933 £1.65 -2.47%
1934 £1.65 0.00%
1935 £1.66 0.63%
1936 £1.67 0.63%
1937 £1.73 3.75%
1938 £1.75 1.20%
1939 £1.80 2.98%
1940 £2.10 16.76%
1941 £2.33 10.89%
1942 £2.50 7.14%
1943 £2.58 3.33%
1944 £2.66 2.82%
1945 £2.73 2.75%
1946 £2.81 3.05%
1947 £3.01 7.04%
1948 £3.24 7.61%
1949 £3.33 2.89%
1950 £3.44 3.13%
1951 £3.75 9.09%
1952 £4.09 9.17%
1953 £4.22 3.05%
1954 £4.30 1.98%
1955 £4.49 4.36%
1956 £4.72 5.10%
1957 £4.89 3.53%
1958 £5.04 3.20%
1959 £5.06 0.41%
1960 £5.11 1.03%
1961 £5.29 3.46%
1962 £5.52 4.33%
1963 £5.63 1.89%
1964 £5.81 3.33%
1965 £6.08 4.66%
1966 £6.32 3.94%
1967 £6.49 2.64%
1968 £6.79 4.65%
1969 £7.16 5.37%
1970 £7.61 6.40%
1971 £8.33 9.44%
1972 £8.93 7.13%
1973 £9.74 9.10%
1974 £11.30 16.04%
1975 £14.04 24.24%
1976 £16.36 16.54%
1977 £18.96 15.85%
1978 £20.53 8.30%
1979 £23.28 13.39%
1980 £27.47 17.99%
1981 £30.73 11.87%
1982 £33.38 8.61%
1983 £34.91 4.59%
1984 £36.65 4.98%
1985 £38.88 6.08%
1986 £40.20 3.40%
1987 £41.88 4.17%
1988 £43.93 4.90%
1989 £47.34 7.78%
1990 £51.82 9.46%
1991 £54.86 5.87%
1992 £56.92 3.74%
1993 £57.82 1.59%
1994 £59.22 2.41%
1995 £61.27 3.47%
1996 £62.75 2.41%
1997 £64.72 3.14%
1998 £66.94 3.43%
1999 £67.97 1.54%
2000 £69.98 2.96%
2001 £71.22 1.77%
2002 £72.41 1.67%
2003 £74.50 2.89%
2004 £76.72 2.98%
2005 £78.89 2.82%
2006 £81.41 3.20%
2007 £84.90 4.29%
2008 £88.28 3.99%
2009 £87.81 -0.53%
2010 £91.86 4.61%
2011 £96.65 5.20%
2012 £99.75 3.21%
2013 £102.78 3.04%
2014 £105.21 2.36%
2015 £106.25 0.99%
2016 £108.09 1.74%
2017 £111.97 3.58%
2018 £114.99 2.70%
2019 £117.87 2.50%
2020 £119.99 1.80%
2021 £120.83 0.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1910 amounts in 1915 pounds, based on the 14.58% change in prices:

Conversion: 1910 pounds in 1915
Initial value Equivalent value
£1 pound in 1910 £1.15 pounds in 1915
£5 pounds in 1910 £5.73 pounds in 1915
£10 pounds in 1910 £11.46 pounds in 1915
£50 pounds in 1910 £57.29 pounds in 1915
£100 pounds in 1910 £114.58 pounds in 1915
£500 pounds in 1910 £572.92 pounds in 1915
£1,000 pounds in 1910 £1,145.83 pounds in 1915
£5,000 pounds in 1910 £5,729.17 pounds in 1915
£10,000 pounds in 1910 £11,458.33 pounds in 1915
£50,000 pounds in 1910 £57,291.67 pounds in 1915
£100,000 pounds in 1910 £114,583.33 pounds in 1915
£500,000 pounds in 1910 £572,916.67 pounds in 1915
£1,000,000 pounds in 1910 £1,145,833.33 pounds in 1915

## How to Calculate Inflation Rate for £1, 1910 to 1915

Our calculations use the following inflation rate formula to calculate the change in value between 1910 and 1915:

CPI in 1915 CPI in 1910
×
1910 GBP value
=
1915 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.6 in the year 1910 and 11 in 1915:

119.6
×
£1
=
£1.15

£1 in 1910 has the same "purchasing power" or "buying power" as £1.15 in 1915.

To get the total inflation rate for the 5 years between 1910 and 1915, we use the following formula:

CPI in 1915 - CPI in 1910CPI in 1910
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

11 - 9.69.6
×
100
=
15%

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

• Alice Stebbins Wells becomes the first female police officer in the U.S.
• Englishman Claude Grahame-White becomes the first person to attempt powered flight at night.
• Union of South Africa declares independence.
• The Buffalo Bill Dam in Wyoming is completed.

## 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 1910 → 1915 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jun. 2021, https://www.officialdata.org/uk/inflation/1910?amount=1&endYear=1915.

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.