£1 in 1930 is worth £0.94 in 1932

Value of £1 from 1930 to 1932

According to the Office for National Statistics composite price index, prices in 1932 are 6.36% lower than average prices since 1930. The British pound experienced an average deflation rate of -3.23% per year during this period, causing the real value of a pound to increase.

In other words, £1 in 1930 is equivalent in purchasing power to about £0.94 in 1932, a difference of £-0.06 over 2 years.

The 1930 inflation rate was -2.81%. The inflation rate in 1932 was -2.41%. The 1932 inflation rate is lower compared to the average inflation rate of 4.95% per year between 1932 and 2020.


Inflation from 1930 to 1932
Cumulative price change -6.36%
Average inflation rate -3.23%
Converted amount (£1 base) £0.94
Price difference (£1 base) £-0.06
CPI in 1930 17.300
CPI in 1932 16.200
Inflation in 1930 -2.81%
Inflation in 1932 -2.41%

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

Buying power of £1 in 1930

This chart shows a calculation of buying power equivalence for £1 in 1930 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £0.94 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: 1930-1932
Year Pound Value Inflation Rate
1930 £1.00 -2.81%
1931 £0.96 -4.05%
1932 £0.94 -2.41%
1933 £0.91 -2.47%
1934 £0.91 0.00%
1935 £0.92 0.63%
1936 £0.92 0.63%
1937 £0.96 3.75%
1938 £0.97 1.20%
1939 £1.00 2.98%
1940 £1.17 16.76%
1941 £1.29 10.89%
1942 £1.39 7.14%
1943 £1.43 3.33%
1944 £1.47 2.82%
1945 £1.51 2.75%
1946 £1.56 3.05%
1947 £1.67 7.04%
1948 £1.80 7.61%
1949 £1.85 2.89%
1950 £1.91 3.13%
1951 £2.08 9.09%
1952 £2.27 9.17%
1953 £2.34 3.05%
1954 £2.39 1.98%
1955 £2.49 4.36%
1956 £2.62 5.10%
1957 £2.71 3.53%
1958 £2.80 3.20%
1959 £2.81 0.41%
1960 £2.84 1.03%
1961 £2.94 3.46%
1962 £3.06 4.33%
1963 £3.12 1.89%
1964 £3.23 3.33%
1965 £3.38 4.66%
1966 £3.51 3.94%
1967 £3.60 2.64%
1968 £3.77 4.65%
1969 £3.97 5.37%
1970 £4.23 6.40%
1971 £4.62 9.44%
1972 £4.95 7.13%
1973 £5.40 9.10%
1974 £6.27 16.04%
1975 £7.79 24.24%
1976 £9.08 16.54%
1977 £10.52 15.85%
1978 £11.39 8.30%
1979 £12.92 13.39%
1980 £15.24 17.99%
1981 £17.05 11.87%
1982 £18.52 8.61%
1983 £19.37 4.59%
1984 £20.34 4.98%
1985 £21.57 6.08%
1986 £22.31 3.40%
1987 £23.24 4.17%
1988 £24.38 4.90%
1989 £26.27 7.78%
1990 £28.76 9.46%
1991 £30.45 5.87%
1992 £31.58 3.74%
1993 £32.09 1.59%
1994 £32.86 2.41%
1995 £34.00 3.47%
1996 £34.82 2.41%
1997 £35.91 3.14%
1998 £37.14 3.43%
1999 £37.72 1.54%
2000 £38.83 2.96%
2001 £39.52 1.77%
2002 £40.18 1.67%
2003 £41.34 2.89%
2004 £42.57 2.98%
2005 £43.77 2.82%
2006 £45.17 3.20%
2007 £47.11 4.29%
2008 £48.99 3.99%
2009 £48.73 -0.53%
2010 £50.98 4.61%
2011 £53.63 5.20%
2012 £55.35 3.21%
2013 £57.03 3.04%
2014 £58.38 2.36%
2015 £58.96 0.99%
2016 £59.98 1.74%
2017 £62.13 3.58%
2018 £63.68 2.48%
2019 £64.82 1.80%
2020 £65.79 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1930 amounts in 1932 pounds, based on the -6.36% change in prices:

Conversion Table: Value of a pound in 1932
Initial value Equivalent value
£1 pound in 1930 £0.94 pounds in 1932
£5 pounds in 1930 £4.68 pounds in 1932
£10 pounds in 1930 £9.36 pounds in 1932
£50 pounds in 1930 £46.82 pounds in 1932
£100 pounds in 1930 £93.64 pounds in 1932
£500 pounds in 1930 £468.21 pounds in 1932
£1,000 pounds in 1930 £936.42 pounds in 1932
£5,000 pounds in 1930 £4,682.08 pounds in 1932
£10,000 pounds in 1930 £9,364.16 pounds in 1932
£50,000 pounds in 1930 £46,820.81 pounds in 1932
£100,000 pounds in 1930 £93,641.62 pounds in 1932
£500,000 pounds in 1930 £468,208.09 pounds in 1932
£1,000,000 pounds in 1930 £936,416.18 pounds in 1932

How to Calculate Inflation Rate for £1, 1930 to 1932

Our calculations use the following inflation rate formula to calculate the change in value between 1930 and 1932:

CPI in 1932 CPI in 1930
×
1930 GBP value
=
1932 GBP value

Then plug in historical CPI values. The U.K. CPI was 17.3 in the year 1930 and 16.2 in 1932:

16.217.3
×
£1
=
£0.94

£1 in 1930 has the same "purchasing power" or "buying power" as £0.94 in 1932.

To get the total inflation rate for the 2 years between 1930 and 1932, we use the following formula:

CPI in 1932 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

16.2 - 17.317.3
×
100
=
-6%

News headlines from 1930

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

  • Mohandas Gandhi protests British salt tax by a 200-mile-long walk.
  • Clyde Tombaugh discovers Pluto.
  • Lawrence Hyland discovers the first radar by accident.
  • Roald Amundsen's leads the first expedition to reach the South Pole.
  • American explorer Hiram Bingham discovers Machu Picchu.

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 1930 → 1932 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 May. 2020, https://www.officialdata.org/uk/inflation/1930?amount=1&endYear=1932.

Special thanks to QuickChart for providing downloadable chart images.

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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» Read more about inflation and investment.

Inflation from 1930 to 1932
Cumulative price change -6.36%
Average inflation rate -3.23%
Converted amount (£1 base) £0.94
Price difference (£1 base) £-0.06
CPI in 1930 17.300
CPI in 1932 16.200
Inflation in 1930 -2.81%
Inflation in 1932 -2.41%