£1 in 1950 is worth £1.19 in 1952

Value of £1 from 1950 to 1952

According to the Office for National Statistics composite price index, prices in 1952 are 19.09% higher than average prices since 1950. The British pound experienced an average inflation rate of 9.13% per year during this period, causing the real value of a pound to decrease.

In other words, £1 in 1950 is equivalent in purchasing power to about £1.19 in 1952, a difference of £0.19 over 2 years.

The 1950 inflation rate was 3.13%. The inflation rate in 1952 was 9.17%. The 1952 inflation rate is higher compared to the average inflation rate of 5.07% per year between 1952 and 2020.


Inflation from 1950 to 1952
Cumulative price change 19.09%
Average inflation rate 9.13%
Converted amount (£1 base) £1.19
Price difference (£1 base) £0.19
CPI in 1950 33.000
CPI in 1952 39.300
Inflation in 1950 3.13%
Inflation in 1952 9.17%

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

Buying power of £1 in 1950

This chart shows a calculation of buying power equivalence for £1 in 1950 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £1.19 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £1.19 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 1950 dollars, the chart below shows how £1 is worth less over 2 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: 1950-1952
Year Pound Value Inflation Rate
1950 £1.00 3.13%
1951 £1.09 9.09%
1952 £1.19 9.17%
1953 £1.23 3.05%
1954 £1.25 1.98%
1955 £1.31 4.36%
1956 £1.37 5.10%
1957 £1.42 3.53%
1958 £1.47 3.20%
1959 £1.47 0.41%
1960 £1.49 1.03%
1961 £1.54 3.46%
1962 £1.61 4.33%
1963 £1.64 1.89%
1964 £1.69 3.33%
1965 £1.77 4.66%
1966 £1.84 3.94%
1967 £1.89 2.64%
1968 £1.98 4.65%
1969 £2.08 5.37%
1970 £2.22 6.40%
1971 £2.42 9.44%
1972 £2.60 7.13%
1973 £2.83 9.10%
1974 £3.29 16.04%
1975 £4.08 24.24%
1976 £4.76 16.54%
1977 £5.52 15.85%
1978 £5.97 8.30%
1979 £6.77 13.39%
1980 £7.99 17.99%
1981 £8.94 11.87%
1982 £9.71 8.61%
1983 £10.15 4.59%
1984 £10.66 4.98%
1985 £11.31 6.08%
1986 £11.69 3.40%
1987 £12.18 4.17%
1988 £12.78 4.90%
1989 £13.77 7.78%
1990 £15.08 9.46%
1991 £15.96 5.87%
1992 £16.56 3.74%
1993 £16.82 1.59%
1994 £17.23 2.41%
1995 £17.82 3.47%
1996 £18.25 2.41%
1997 £18.83 3.14%
1998 £19.47 3.43%
1999 £19.77 1.54%
2000 £20.36 2.96%
2001 £20.72 1.77%
2002 £21.06 1.67%
2003 £21.67 2.89%
2004 £22.32 2.98%
2005 £22.95 2.82%
2006 £23.68 3.20%
2007 £24.70 4.29%
2008 £25.68 3.99%
2009 £25.55 -0.53%
2010 £26.72 4.61%
2011 £28.12 5.20%
2012 £29.02 3.21%
2013 £29.90 3.04%
2014 £30.61 2.36%
2015 £30.91 0.99%
2016 £31.45 1.74%
2017 £32.57 3.58%
2018 £33.38 2.48%
2019 £33.98 1.80%
2020 £34.49 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1950 amounts in 1952 pounds, based on the 19.09% change in prices:

Conversion Table: Value of a pound in 1952
Initial value Equivalent value
£1 pound in 1950 £1.19 pounds in 1952
£5 pounds in 1950 £5.95 pounds in 1952
£10 pounds in 1950 £11.91 pounds in 1952
£50 pounds in 1950 £59.55 pounds in 1952
£100 pounds in 1950 £119.09 pounds in 1952
£500 pounds in 1950 £595.45 pounds in 1952
£1,000 pounds in 1950 £1,190.91 pounds in 1952
£5,000 pounds in 1950 £5,954.55 pounds in 1952
£10,000 pounds in 1950 £11,909.09 pounds in 1952
£50,000 pounds in 1950 £59,545.45 pounds in 1952
£100,000 pounds in 1950 £119,090.91 pounds in 1952
£500,000 pounds in 1950 £595,454.55 pounds in 1952
£1,000,000 pounds in 1950 £1,190,909.09 pounds in 1952

How to Calculate Inflation Rate for £1, 1950 to 1952

Our calculations use the following inflation rate formula to calculate the change in value between 1950 and 1952:

CPI in 1952 CPI in 1950
×
1950 GBP value
=
1952 GBP value

Then plug in historical CPI values. The U.K. CPI was 33 in the year 1950 and 39.3 in 1952:

39.333
×
£1
=
£1.19

£1 in 1950 has the same "purchasing power" or "buying power" as £1.19 in 1952.

To get the total inflation rate for the 2 years between 1950 and 1952, we use the following formula:

CPI in 1952 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

39.3 - 3333
×
100
=
19%

News headlines from 1950

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

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea invades South Korea.
  • Harry Truman announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

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 1950 → 1952 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 May. 2020, https://www.officialdata.org/uk/inflation/1950?amount=1&endYear=1952.

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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Inflation from 1950 to 1952
Cumulative price change 19.09%
Average inflation rate 9.13%
Converted amount (£1 base) £1.19
Price difference (£1 base) £0.19
CPI in 1950 33.000
CPI in 1952 39.300
Inflation in 1950 3.13%
Inflation in 1952 9.17%