Value of £1 from 1970 to 1969
£1 in 1970 is equivalent in purchasing power to about £0.94 in 1969. The pound had an average inflation rate of 6.40% per year between 1969 and 1970, producing a cumulative price increase of -6.02%.
This means that prices in 1969 are 6.02% lower than average prices in 1970, according to the Office for National Statistics composite price index.
The inflation rate in 1969 was 5.37%. The inflation rate in 1970 was 6.40%. The 1970 inflation rate is higher compared to the average inflation rate of 5.50% per year between 1970 and 2026.
⌃
| Average inflation rate | 6.40% |
|
Converted amount
£1 base | £0.94 |
|
Price difference
£1 base | £-0.06 |
| CPI in 1970 | 73.100 |
| CPI in 1969 | 68.700 |
| Inflation in 1969 | 5.37% |
| Inflation in 1970 | 6.40% |
| £1 in 1970 | £0.94 in 1969 |
How to calculate inflation rate for £1, 1969 to 1970
Our calculations use the following inflation rate formula to calculate the change in value between 1969 and 1970:
CPI in 1969CPI in 1970
×
1970 GBP value
=
1969 GBP value
Then plug in historical CPI values. The U.K. CPI was 73.1 in the year 1970 and 68.7 in 1969:
68.773.1
×
£1
=
£0.94
£1 in 1970 has the same "purchasing power" or "buying power" as £0.94 in 1969.
To get the total inflation rate for the 1 years between 1969 and 1970, we use the following formula:
CPI in 1969 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
68.7 - 73.173.1
×
100
=
-6%
Frequently asked questions
How much is £1 from 1970 worth in 1969?
£1 in 1970 has about the same buying power as £0.94 in 1969, based on the composite price index published by the Office for National Statistics. Prices in 1969 are 6.02% lower than they were in 1970.
What was the inflation rate in 1969?
The U.K. inflation rate in 1969 was 5.37%, measured as the change in the composite price index from 1968 to 1969. See inflation in 1969 for more detail.
What has the average inflation rate been from 1969 to 1970?
Prices rose by an average of 6.40% per year between 1969 and 1970, a cumulative increase of 6.40%.
How is this calculated?
Divide the CPI in 1969 (68.7) by the CPI in 1970 (73.1), then multiply by the original amount: 68.7 ÷ 73.1 × £1 = £0.94. See the step-by-step formula above.
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 the current year, which is based on The Bank of England's forecast.
You may use the following MLA citation for this page: “£1 in 1970 → £0.94 in 1969 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/uk/inflation/1970?amount=1&endYear=1969.
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.
| Average inflation rate | 6.40% |
|
Converted amount
£1 base | £0.94 |
|
Price difference
£1 base | £-0.06 |
| CPI in 1970 | 73.100 |
| CPI in 1969 | 68.700 |
| Inflation in 1969 | 5.37% |
| Inflation in 1970 | 6.40% |
| £1 in 1970 | £0.94 in 1969 |