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
20182%£0.96 19941.9%£0.59 19706.4%7.92p 19463.1%3.02p 1922-14%2.63p
20172.74%£0.94 19932.5%£0.58 19695.4%7.51p 19452.8%2.94p 1921-8.6%2.87p
20161.79%£0.92 19924.3%£0.55 19684.7%7.17p 19442.7%2.86p 192015.4%2.49p
20150%£0.92 19917.5%£0.51 19672.5%7p 19433.4%2.77p 191910.1%2.26p
20141.5%£0.91 19907%£0.48 19663.9%6.74p 19427.1%2.58p 191822%1.85p
20132.6%£0.88 19895.4%£0.46 19654.8%6.43p 194110.8%2.33p 191725.2%1.48p
20122.8%£0.86 19884.1%£0.44 19643.3%6.22p 194016.8%2p 191618.1%1.25p
20114.5%£0.82 19873.3%£0.42 19632%6.1p 19392.8%1.94p 191512.5%1.11p
20103.3%£0.80 19863%£0.41 19624.3%5.85p 19381.6%1.91p 1914-0.3%1.12p
20092.2%£0.78 19854.9%£0.39 19613.4%5.66p 19373.4%1.85p 1913-0.4%1.12p
20083.6%£0.75 19844.3%£0.38 19601%5.6p 19360.7%1.84p 19123%1.09p
20072.3%£0.73 19834.9%£0.36 19590.6%5.57p 19350.7%1.82p 19110.1%1.09p
20062.3%£0.72 19827.9%£0.33 19583%5.41p 19340%1.82p 19100.9%1.08p
20052%£0.70 198110.9%£0.30 19573.7%5.21p 1933-2.1%1.86p 19090.5%1.07p
20041.3%£0.69 198016.4%£0.26 19564.9%4.97p 1932-2.6%1.91p 19080.5%1.07p
20031.4%£0.69 197913.4%£0.23 19554.5%4.76p 1931-4.3%2p 19071.2%1.06p
20021.2%£0.68 19788.3%£0.21 19541.8%4.67p 1930-2.8%2.05p 19060%1.06p
20011.2%£0.67 197715.8%£0.18 19533.1%4.53p 1929-0.9%2.07p 19050.4%1.05p
20000.8%£0.66 197616.5%£0.16 19529.2%4.15p 1928-0.3%2.08p 1904-0.2%1.05p
19991.3%£0.66 197524.2%£0.13 19519.1%3.8p 1927-2.4%2.13p 19030.4%1.05p
19981.6%£0.64 197416%£0.11 19503.1%3.69p 19260.8%2.11p 19020%1.05p
19971.8%£0.63 19739.2%9.87p 19492.8%3.59p 19250.3%2.11p 19010.5%1.04p
19962.5%£0.62 19727.1%9.22p 19487.7%3.33p 1924-0.7%2.12p 19005.1%0.99p
19952.7%£0.60 19719.4%8.42p 19477%3.11p 1923-6%2.26p %0p

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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