£15,000 in 1995 is worth £32,051.72 today

Value of £15,000 from 1995 to 2022

£15,000 in 1995 is equivalent in purchasing power to about £32,051.72 today, an increase of £17,051.72 over 27 years. The pound had an average inflation rate of 2.85% per year between 1995 and today, producing a cumulative price increase of 113.68%.

This means that today's prices are 2.14 times higher than average prices since 1995, according to the Office for National Statistics composite price index. A pound today only buys 46.799% of what it could buy back then.

The inflation rate in 1995 was 3.47%. The current inflation rate compared to last year is now 6.46%. If this number holds, £15,000 today will be equivalent in buying power to £15,969.00 next year.

Inflation from 1995 to 2022
Cumulative price change113.68%
Average inflation rate2.85%
Converted amount (£15,000 base)£32,051.72
Price difference (£15,000 base)£17,051.72
CPI in 1995588.200
CPI in 20221,256.855
Inflation in 19953.47%
Inflation in 20226.46%
£15,000 in 1995£32,051.72 in 2022

GBP inflation since 1995
Annual Rate, the Office for National Statistics CPI

Buying power of £15,000 in 1995

This chart shows a calculation of buying power equivalence for £15,000 in 1995 (price index tracking began in 1750).

For example, if you started with £15,000, you would need to end with £32,051.72 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £15,000 is equivalent to £32,051.72 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 1995 dollars, the chart below shows how £15,000 is worth less over 27 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: 1995-2022
YearPound ValueInflation Rate
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 21 more rows

This conversion table shows various other 1995 amounts in today's pounds, based on the 113.68% change in prices:

Conversion: 1995 pounds today
Initial valueEquivalent value
£1 pound in 1995£2.14 pounds today
£5 pounds in 1995£10.68 pounds today
£10 pounds in 1995£21.37 pounds today
£50 pounds in 1995£106.84 pounds today
£100 pounds in 1995£213.68 pounds today
£500 pounds in 1995£1,068.39 pounds today
£1,000 pounds in 1995£2,136.78 pounds today
£5,000 pounds in 1995£10,683.91 pounds today
£10,000 pounds in 1995£21,367.82 pounds today
£50,000 pounds in 1995£106,839.08 pounds today
£100,000 pounds in 1995£213,678.17 pounds today
£500,000 pounds in 1995£1,068,390.83 pounds today
£1,000,000 pounds in 1995£2,136,781.66 pounds today

How to calculate inflation rate for £15,000 since 1995

Our calculations use the following inflation rate formula to calculate the change in value between 1995 and today:

CPI today CPI in 1995
1995 GBP value
Today's value

Then plug in historical CPI values. The U.K. CPI was 588.2 in the year 1995 and 1256.854974878 in 2022:


£15,000 in 1995 has the same "purchasing power" or "buying power" as £32,051.72 in 2022.

To get the total inflation rate for the 27 years between 1995 and 2022, we use the following formula:

CPI in 2022 - CPI in 1995CPI in 1995
Cumulative inflation rate (27 years)

Plugging in the values to this equation, we get:

1256.854974878 - 588.2588.2

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: “£15,000 in 1995 → 2022 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Sep. 2022, https://www.officialdata.org/uk/inflation/1995?amount=15000&endYear=2022.

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.

Email · LinkedIn · Twitter

» Read more about inflation and investment.

Inflation from 1995 to 2022
Cumulative price change113.68%
Average inflation rate2.85%
Converted amount (£15,000 base)£32,051.72
Price difference (£15,000 base)£17,051.72
CPI in 1995588.200
CPI in 20221,256.855
Inflation in 19953.47%
Inflation in 20226.46%
£15,000 in 1995£32,051.72 in 2022