£30 in 1992 is worth £69.01 today

Value of £30 from 1992 to 2022

£30 in 1992 is equivalent in purchasing power to about £69.01 today, an increase of £39.01 over 30 years. The pound had an average inflation rate of 2.82% per year between 1992 and today, producing a cumulative price increase of 130.02%.

This means that today's prices are 2.30 times higher than average prices since 1992, according to the Office for National Statistics composite price index. A pound today only buys 43.472% of what it could buy back then.

The inflation rate in 1992 was 3.74%. The current inflation rate compared to last year is now 6.46%. If this number holds, £30 today will be equivalent in buying power to £31.94 next year.

Inflation from 1992 to 2022
Cumulative price change130.02%
Average inflation rate2.82%
Converted amount (£30 base)£69.01
Price difference (£30 base)£39.01
CPI in 1992546.400
CPI in 20221,256.855
Inflation in 19923.74%
Inflation in 20226.46%
£30 in 1992£69.01 in 2022

GBP inflation since 1992
Annual Rate, the Office for National Statistics CPI

Buying power of £30 in 1992

This chart shows a calculation of buying power equivalence for £30 in 1992 (price index tracking began in 1750).

For example, if you started with £30, you would need to end with £69.01 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £30 is equivalent to £69.01 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 1992 dollars, the chart below shows how £30 is worth less over 30 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: 1992-2022
YearPound ValueInflation Rate
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 24 more rows

This conversion table shows various other 1992 amounts in today's pounds, based on the 130.02% change in prices:

Conversion: 1992 pounds today
Initial valueEquivalent value
£1 pound in 1992£2.30 pounds today
£5 pounds in 1992£11.50 pounds today
£10 pounds in 1992£23.00 pounds today
£50 pounds in 1992£115.01 pounds today
£100 pounds in 1992£230.02 pounds today
£500 pounds in 1992£1,150.12 pounds today
£1,000 pounds in 1992£2,300.25 pounds today
£5,000 pounds in 1992£11,501.24 pounds today
£10,000 pounds in 1992£23,002.47 pounds today
£50,000 pounds in 1992£115,012.35 pounds today
£100,000 pounds in 1992£230,024.70 pounds today
£500,000 pounds in 1992£1,150,123.51 pounds today
£1,000,000 pounds in 1992£2,300,247.03 pounds today

How to calculate inflation rate for £30 since 1992

Our calculations use the following inflation rate formula to calculate the change in value between 1992 and today:

CPI today CPI in 1992
1992 GBP value
Today's value

Then plug in historical CPI values. The U.K. CPI was 546.4 in the year 1992 and 1256.854974878 in 2022:


£30 in 1992 has the same "purchasing power" or "buying power" as £69.01 in 2022.

To get the total inflation rate for the 30 years between 1992 and 2022, we use the following formula:

CPI in 2022 - CPI in 1992CPI in 1992
Cumulative inflation rate (30 years)

Plugging in the values to this equation, we get:

1256.854974878 - 546.4546.4

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: “£30 in 1992 → 2022 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 Aug. 2022, https://www.officialdata.org/uk/inflation/1992?amount=30.

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.

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 1992 to 2022
Cumulative price change130.02%
Average inflation rate2.82%
Converted amount (£30 base)£69.01
Price difference (£30 base)£39.01
CPI in 1992546.400
CPI in 20221,256.855
Inflation in 19923.74%
Inflation in 20226.46%
£30 in 1992£69.01 in 2022