# £1,000 in 2022 → £2,216.68 in 2032

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## Prediction: Value of £1,000 from 2022 to 2032

£1,000 in 2022 is equivalent in purchasing power to about £2,216.68 in 2032, an increase of £1,216.68 over 10 years. The pound had an average inflation rate of 8.29% per year between 2022 and 2032, producing a cumulative price increase of 121.67%. The buying power of £1,000 in 2022 is predicted to be equivalent to £2,216.68 in 2032.

This calculation is based on future inflation assumption of 9.00% 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.

 Cumulative price change 121.67% Average inflation rate 8.29% Converted amount£1,000 base £2,216.68 Price difference£1,000 base £1,216.68 CPI in 2022 1,273.855 Inflation in 2022 7.90% £1,000 in 2022 £2,216.68 in 2032

GBP inflation since 2022
Annual Rate, the Office for National Statistics CPI

## Buying power of £1,000 in 2032

This chart shows a calculation of buying power equivalence for £1,000 in 2022 (price index tracking began in 1750).

For example, if you started with £1,000, you would need to end with £2,216.68 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

Future inflation is estimated at 9.00%.

When £1,000 is equivalent to £2,216.68 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 2022 dollars, the chart below shows how £1,000 is worth less over 10 years.

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

Pound inflation: 2022-2032
YearPound ValueInflation Rate
2022£1,000.007.90%
2023£1,070.727.07%
2024£1,112.483.90%
2025£1,212.609.00%
2026£1,321.749.00%
2027£1,440.699.00%
2028£1,570.359.00%
2029£1,711.699.00%
2030£1,865.749.00%
2031£2,033.659.00%
2032£2,216.689.00%
Click to show 4 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, 15 Sep. 2024, https://www.officialdata.org/uk/inflation/2022?endYear=2032&amount=1000&future_pct=0.09.

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.