# £250 in 1969 is worth £4,142.08 today

£

## Value of £250 from 1969 to 2020

According to the Office for National Statistics composite price index, today's prices in 2020 are 1,556.83% higher than average prices since 1969. The British pound experienced an average inflation rate of 5.66% per year during this period, causing the real value of a pound to decrease.

In other words, £250 in 1969 is equivalent in purchasing power to about £4,142.08 in 2020, a difference of £3,892.08 over 51 years.

The 1969 inflation rate was 5.37%. The current year-over-year inflation rate (2019 to 2020) is now 1.50%1. If this number holds, £250 today will be equivalent in buying power to £253.75 next year.

 Cumulative price change 1,556.83% Average inflation rate 5.66% Converted amount (£250 base) £4,142.08 Price difference (£250 base) £3,892.08 CPI in 1969 68.700 CPI in 2020 1,138.243 Inflation in 1969 5.37% Inflation in 2020 1.50%

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

## Buying power of £250 in 1969

This chart shows a calculation of buying power equivalence for £250 in 1969 (price index tracking began in 1750).

For example, if you started with £250, you would need to end with £4,142.08 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £250 is equivalent to £4,142.08 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 1969 dollars, the chart below shows how £250 is worth less over 51 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: 1969-2020
Year Pound Value Inflation Rate
1969 £250.00 5.37%
1970 £266.01 6.40%
1971 £291.12 9.44%
1972 £311.86 7.13%
1973 £340.25 9.10%
1974 £394.83 16.04%
1975 £490.54 24.24%
1976 £571.69 16.54%
1977 £662.30 15.85%
1978 £717.25 8.30%
1979 £813.32 13.39%
1980 £959.61 17.99%
1981 £1,073.51 11.87%
1982 £1,165.94 8.61%
1983 £1,219.43 4.59%
1984 £1,280.20 4.98%
1985 £1,358.08 6.08%
1986 £1,404.29 3.40%
1987 £1,462.88 4.17%
1988 £1,534.57 4.90%
1989 £1,653.93 7.78%
1990 £1,810.41 9.46%
1991 £1,916.67 5.87%
1992 £1,988.36 3.74%
1993 £2,020.01 1.59%
1994 £2,068.78 2.41%
1995 £2,140.47 3.47%
1996 £2,192.14 2.41%
1997 £2,260.92 3.14%
1998 £2,338.43 3.43%
1999 £2,374.45 1.54%
2000 £2,444.69 2.96%
2001 £2,487.99 1.77%
2002 £2,529.48 1.67%
2003 £2,602.62 2.89%
2004 £2,680.13 2.98%
2005 £2,755.82 2.82%
2006 £2,843.89 3.20%
2007 £2,965.79 4.29%
2008 £3,084.06 3.99%
2009 £3,067.69 -0.53%
2010 £3,209.24 4.61%
2011 £3,376.27 5.20%
2012 £3,484.72 3.21%
2013 £3,590.61 3.04%
2014 £3,675.40 2.36%
2015 £3,711.79 0.99%
2016 £3,776.20 1.74%
2017 £3,911.57 3.58%
2018 £4,008.71 2.48%
2019 £4,080.87 1.80%
2020 £4,142.08 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 45 more rows

This conversion table shows various other 1969 amounts in today's pounds, based on the 1,556.83% change in prices:

Conversion Table: Value of a pound today
Initial value Equivalent value
£1 pound in 1969 £16.57 pounds today
£5 pounds in 1969 £82.84 pounds today
£10 pounds in 1969 £165.68 pounds today
£50 pounds in 1969 £828.42 pounds today
£100 pounds in 1969 £1,656.83 pounds today
£500 pounds in 1969 £8,284.16 pounds today
£1,000 pounds in 1969 £16,568.32 pounds today
£5,000 pounds in 1969 £82,841.58 pounds today
£10,000 pounds in 1969 £165,683.17 pounds today
£50,000 pounds in 1969 £828,415.84 pounds today
£100,000 pounds in 1969 £1,656,831.68 pounds today
£500,000 pounds in 1969 £8,284,158.38 pounds today
£1,000,000 pounds in 1969 £16,568,316.75 pounds today

## How to Calculate Inflation Rate for £250 since 1969

Our calculations use the following inflation rate formula to calculate the change in value between 1969 and today:

CPI today CPI in 1969
×
1969 GBP value
=
Today's value

Then plug in historical CPI values. The U.K. CPI was 68.7 in the year 1969 and 1138.2433607545 in 2020:

1138.243360754568.7
×
£250
=
£4,142.08

£250 in 1969 has the same "purchasing power" or "buying power" as £4,142.08 in 2020.

To get the total inflation rate for the 51 years between 1969 and 2020, we use the following formula:

CPI in 2020 - CPI in 1969CPI in 1969
×
100
=
Cumulative inflation rate (51 years)

Plugging in the values to this equation, we get:

1138.2433607545 - 68.768.7
×
100
=
1,557%

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

• Golda Meir becomes first female Prime Minister of Israel.
• Colonel Muammar Gaddafi deposes King Idris during the Libyan revolution.
• Millions protest against the war on Vietnam Moratorium Day.

## 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: “£250 in 1969 → 2020 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Aug. 2020, https://www.officialdata.org/uk/inflation/1969?amount=250.

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.