Historical Inflation Rates in the UK: 1900 - 2020

Inflation in the UK directly affects the relative value of the pound, that is the amount of goods or services that a pound will buy you.

The UK historical inflation rates table includes the relative value of a pound, reverse engineered against historical UK inflation rates. The result is a relative amount that a product costing one pound in 2020 would have cost in previous years.

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The Historical Inflation Rates in the UK: 1900 - 2020 and £1 equivalents are shown in pound format for amounts above 10 pence, once the value drops below 10 pence we display the equivalent value in pence to 2 decimal places for greater detail.

Historical Inflation Rates in the UK: 1900 - 2020 and £1 equivalent
YearRate=£1YearRate=£1YearRate=£1YearRate=£1YearRate=£1
20192%£0.96 19952.7%£0.59 19719.4%8.26p 19477%3.05p 1923-6%2.21p
20182%£0.94 19941.9%£0.58 19706.4%7.76p 19463.1%2.96p 1922-14%2.57p
20172.74%£0.92 19932.5%£0.56 19695.4%7.36p 19452.8%2.88p 1921-8.6%2.82p
20161.79%£0.90 19924.3%£0.54 19684.7%7.03p 19442.7%2.8p 192015.4%2.44p
20150%£0.90 19917.5%£0.50 19672.5%6.86p 19433.4%2.71p 191910.1%2.22p
20141.5%£0.89 19907%£0.47 19663.9%6.6p 19427.1%2.53p 191822%1.82p
20132.6%£0.87 19895.4%£0.45 19654.8%6.3p 194110.8%2.29p 191725.2%1.45p
20122.8%£0.84 19884.1%£0.43 19643.3%6.1p 194016.8%1.96p 191618.1%1.23p
20114.5%£0.81 19873.3%£0.42 19632%5.98p 19392.8%1.9p 191512.5%1.09p
20103.3%£0.78 19863%£0.40 19624.3%5.73p 19381.6%1.87p 1914-0.3%1.1p
20092.2%£0.76 19854.9%£0.38 19613.4%5.55p 19373.4%1.81p 1913-0.4%1.1p
20083.6%£0.74 19844.3%£0.37 19601%5.49p 19360.7%1.8p 19123%1.07p
20072.3%£0.72 19834.9%£0.35 19590.6%5.46p 19350.7%1.79p 19110.1%1.07p
20062.3%£0.70 19827.9%£0.33 19583%5.3p 19340%1.79p 19100.9%1.06p
20052%£0.69 198110.9%£0.29 19573.7%5.11p 1933-2.1%1.83p 19090.5%1.05p
20041.3%£0.68 198016.4%£0.25 19564.9%4.87p 1932-2.6%1.87p 19080.5%1.05p
20031.4%£0.67 197913.4%£0.22 19554.5%4.66p 1931-4.3%1.96p 19071.2%1.03p
20021.2%£0.66 19788.3%£0.21 19541.8%4.58p 1930-2.8%2.01p 19060%1.03p
20011.2%£0.66 197715.8%£0.18 19533.1%4.44p 1929-0.9%2.03p 19050.4%1.03p
20000.8%£0.65 197616.5%£0.15 19529.2%4.07p 1928-0.3%2.04p 1904-0.2%1.03p
19991.3%£0.64 197524.2%£0.12 19519.1%3.73p 1927-2.4%2.09p 19030.4%1.03p
19981.6%£0.63 197416%£0.11 19503.1%3.62p 19260.8%2.07p 19020%1.03p
19971.8%£0.62 19739.2%9.68p 19492.8%3.52p 19250.3%2.07p 19010.5%1.02p
19962.5%£0.61 19727.1%9.04p 19487.7%3.27p 1924-0.7%2.08p 19005.1%0.97p

The affect of inflation on Salaries

As the Historical Inflation Rates in the UK: 1900 - 2020 table illustrates, the value of the pound has changed considerably since 1900 and so too have salaries. The Salary Inflation Calculator allows you to enter your current annual salary in 2020 and see the equivalent salaries in former years.

Historical PAYE and Salary Calculator

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