£1.14 in 2015 → £2.01 in 2032

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Prediction: Value of £1.14 from 2015 to 2032

£1.14 in 2015 is equivalent in purchasing power to about £2.01 in 2032, an increase of £0.87 over 17 years. The pound had an average inflation rate of 3.38% per year between 2015 and 2032, producing a cumulative price increase of 76.00%. The buying power of £1.14 in 2015 is predicted to be equivalent to £2.01 in 2032.

This calculation is based on future inflation assumption of 3.00% per year. Use the calculator on the left to change this prediction. Or, use the annual inflation rate calculator to view inflation in the past.

Projected inflation, 2015 to 2032
Cumulative price change76.00%
Average inflation rate3.38%
Converted amount
£1.14 base
£2.01
Price difference
£1.14 base
£0.87
CPI in 20151,020.000
Inflation in 20150.99%
£1.14 in 2015£2.01 in 2032

GBP inflation since 2015
Annual Rate, the Office for National Statistics CPI
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Buying power of £1.14 in 2032

This chart shows a calculation of buying power equivalence for £1.14 in 2015 (price index tracking began in 1750).

For example, if you started with £1.14, you would need to end with £2.01 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

Future inflation is estimated at 3.00%.

When £1.14 is equivalent to £2.01 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 2015 dollars, the chart below shows how £1.14 is worth less over 17 years.

This table shows the results of the inflation prediction, with base values from the Office for National Statistics:

Pound inflation: 2015-2032
YearPound ValueInflation Rate
2015£1.140.99%
2016£1.161.74%
2017£1.203.58%
2018£1.232.70%
2019£1.262.50%
2020£1.291.80%
2021£1.322.49%
2022£1.427.90%
2023£1.527.07%
2024£1.583.90%
2025£1.633.00%
2026£1.683.00%
2027£1.733.00%
2028£1.783.00%
2029£1.843.00%
2030£1.893.00%
2031£1.953.00%
2032£2.013.00%
Click to show 11 more rows

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: “2032 Inflation Prediction | Future UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/uk/inflation/2015?endYear=2032&amount=1.14&future_pct=0.03.

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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» Read more about inflation and investment.

Projected inflation, 2015 to 2032
Cumulative price change76.00%
Average inflation rate3.38%
Converted amount
£1.14 base
£2.01
Price difference
£1.14 base
£0.87
CPI in 20151,020.000
Inflation in 20150.99%
£1.14 in 2015£2.01 in 2032