# £1 in 1980 is worth £4.29 in 2019

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👉 You may be interested in £1 in 1980 → 2022

## Value of £1 from 1980 to 2019

£1 in 1980 is equivalent in purchasing power to about £4.29 in 2019, an increase of £3.29 over 39 years. The pound had an average inflation rate of 3.81% per year between 1980 and 2019, producing a cumulative price increase of 329.09%.

This means that prices in 2019 are 4.29 times higher than average prices since 1980, according to the Office for National Statistics composite price index.

The inflation rate in 1980 was 17.99%. The inflation rate in 2019 was 2.50%. The 2019 inflation rate is higher compared to the average inflation rate of 2.12% per year between 2019 and 2022.

 Cumulative price change 329.09% Average inflation rate 3.81% Converted amount (£1 base) £4.29 Price difference (£1 base) £3.29 CPI in 1980 263.700 CPI in 2019 1,131.520 Inflation in 1980 17.99% Inflation in 2019 2.50% £1 in 1980 £4.29 in 2019

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

## Buying power of £1 in 1980

This chart shows a calculation of buying power equivalence for £1 in 1980 (price index tracking began in 1750).

For example, if you started with £1, you would need to end with £4.29 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1 is equivalent to £4.29 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 1980 dollars, the chart below shows how £1 is worth less over 39 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: 1980-2019
Year Pound Value Inflation Rate
1980 £1.00 17.99%
1981 £1.12 11.87%
1982 £1.22 8.61%
1983 £1.27 4.59%
1984 £1.33 4.98%
1985 £1.42 6.08%
1986 £1.46 3.40%
1987 £1.52 4.17%
1988 £1.60 4.90%
1989 £1.72 7.78%
1990 £1.89 9.46%
1991 £2.00 5.87%
1992 £2.07 3.74%
1993 £2.11 1.59%
1994 £2.16 2.41%
1995 £2.23 3.47%
1996 £2.28 2.41%
1997 £2.36 3.14%
1998 £2.44 3.43%
1999 £2.47 1.54%
2000 £2.55 2.96%
2001 £2.59 1.77%
2002 £2.64 1.67%
2003 £2.71 2.89%
2004 £2.79 2.98%
2005 £2.87 2.82%
2006 £2.96 3.20%
2007 £3.09 4.29%
2008 £3.21 3.99%
2009 £3.20 -0.53%
2010 £3.34 4.61%
2011 £3.52 5.20%
2012 £3.63 3.21%
2013 £3.74 3.04%
2014 £3.83 2.36%
2015 £3.87 0.99%
2016 £3.94 1.74%
2017 £4.08 3.58%
2018 £4.19 2.70%
2019 £4.29 2.50%
2020 £4.37 1.80%
2021 £4.47 2.28%
2022 £4.57 2.27%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 33 more rows

This conversion table shows various other 1980 amounts in 2019 pounds, based on the 329.09% change in prices:

Conversion: 1980 pounds in 2019
Initial value Equivalent value
£1 pound in 1980 £4.29 pounds in 2019
£5 pounds in 1980 £21.45 pounds in 2019
£10 pounds in 1980 £42.91 pounds in 2019
£50 pounds in 1980 £214.55 pounds in 2019
£100 pounds in 1980 £429.09 pounds in 2019
£500 pounds in 1980 £2,145.47 pounds in 2019
£1,000 pounds in 1980 £4,290.94 pounds in 2019
£5,000 pounds in 1980 £21,454.69 pounds in 2019
£10,000 pounds in 1980 £42,909.38 pounds in 2019
£50,000 pounds in 1980 £214,546.90 pounds in 2019
£100,000 pounds in 1980 £429,093.80 pounds in 2019
£500,000 pounds in 1980 £2,145,469.01 pounds in 2019
£1,000,000 pounds in 1980 £4,290,938.03 pounds in 2019

## How to Calculate Inflation Rate for £1, 1980 to 2019

Our calculations use the following inflation rate formula to calculate the change in value between 1980 and 2019:

CPI in 2019 CPI in 1980
×
1980 GBP value
=
2019 GBP value

Then plug in historical CPI values. The U.K. CPI was 263.7 in the year 1980 and 1131.5203575 in 2019:

1131.5203575263.7
×
£1
=
£4.29

£1 in 1980 has the same "purchasing power" or "buying power" as £4.29 in 2019.

To get the total inflation rate for the 39 years between 1980 and 2019, we use the following formula:

CPI in 2019 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (39 years)

Plugging in the values to this equation, we get:

1131.5203575 - 263.7263.7
×
100
=
329%

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

• Princess Victoria is crowned Princess of Sweden.
• Iranian protesters storm the Russian embassy in Iran.
• Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
• Cable News Network (CNN) is transmitted for the first time.
• Saddam Hussein, President of Iraq, declares a holy war on Iran.

## 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 1980 → 2019 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jan. 2022, https://www.officialdata.org/uk/inflation/1980?endYear=2019&amount=1.

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.