£100 in 1960 → £2,188.66 in 2017

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UK Inflation Rate, £100 in 1960 to 2017

According to the Office for National Statistics composite price index, prices in 2017 are 2,088.66% higher than prices in 1960. The pound experienced an average inflation rate of 5.56% per year during this period.

In other words, £100 in 1960 is equivalent in purchasing power to £2,188.66 in 2017, a difference of £2,088.66 over 57 years.

The 1960 inflation rate was 1.03%. The inflation rate in 2017 was 3.59%. The 2017 inflation rate is higher compared to the average inflation rate of 2.20% per year between 2017 and 2018.


Inflation from 1960 to 2017
Cumulative price change 2,088.66%
Average inflation rate 5.56%
Converted amount (£100 base) £2,188.66
Price difference (£100 base) £2,088.66
CPI in 1960 49.100
CPI in 2017 1,074.630
Inflation in 1960 1.03%
Inflation in 2017 3.59%


UK inflation chart from 1988 to 2017. Based on the UK Consumer Price Index.


Buying power of £100 since 1960

This chart shows calculations of buying power equivalence over time for £100 in 1960 (price index tracking began in 1750).

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:

Year GBP Value Inflation Rate
1960 £100.00 1.03%
1961 £103.46 3.46%
1962 £107.94 4.33%
1963 £109.98 1.89%
1964 £113.65 3.33%
1965 £118.94 4.66%
1966 £123.63 3.94%
1967 £126.88 2.64%
1968 £132.79 4.65%
1969 £139.92 5.37%
1970 £148.88 6.40%
1971 £162.93 9.44%
1972 £174.54 7.13%
1973 £190.43 9.10%
1974 £220.98 16.04%
1975 £274.54 24.24%
1976 £319.96 16.54%
1977 £370.67 15.85%
1978 £401.43 8.30%
1979 £455.19 13.39%
1980 £537.07 17.99%
1981 £600.81 11.87%
1982 £652.55 8.61%
1983 £682.48 4.59%
1984 £716.50 4.98%
1985 £760.08 6.08%
1986 £785.95 3.40%
1987 £818.74 4.17%
1988 £858.86 4.90%
1989 £925.66 7.78%
1990 £1,013.24 9.46%
1991 £1,072.71 5.87%
1992 £1,112.83 3.74%
1993 £1,130.55 1.59%
1994 £1,157.84 2.41%
1995 £1,197.96 3.47%
1996 £1,226.88 2.41%
1997 £1,265.38 3.14%
1998 £1,308.76 3.43%
1999 £1,328.92 1.54%
2000 £1,368.23 2.96%
2001 £1,392.46 1.77%
2002 £1,415.68 1.67%
2003 £1,456.62 2.89%
2004 £1,500.00 2.98%
2005 £1,542.36 2.82%
2006 £1,591.65 3.20%
2007 £1,659.88 4.29%
2008 £1,726.07 3.99%
2009 £1,716.90 -0.53%
2010 £1,796.13 4.61%
2011 £1,889.61 5.20%
2012 £1,950.31 3.21%
2013 £2,009.57 3.04%
2014 £2,057.03 2.36%
2015 £2,077.39 0.99%
2016 £2,112.71 1.70%
2017 £2,188.66 3.59%
2018 £2,236.81 2.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for £100, 1960 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017CPI in 1960
×
1960 GBP value
=
2017 GBP value

Then plug in historical CPI values. The UK CPI was 49.1 in the year 1960 and 1074.63 in 2017:

1074.6349.1
×
£100
=
£2,188.66

£100 in 1960 has the same "purchasing power" or "buying power" as £2,188.66 in 2017.

To get the total inflation rate for the 57 years between 1960 and 2017, we use the following formula:

CPI in 2017 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (57 years)

Plugging in the values to this equation, we get:

1074.63 - 49.149.1
×
100
=
2,089%

News headlines from 1960

Politics and news often influence economic performance. Here's what was happening at the time:

  • Johnny Cash plays his first concert in a prison.
  • The Bank of France issues new franc currency, worth 100 times the value of old francs.
  • France grants independence to Cameroon (previously French Cameroon) after years of fighting.
  • Guided missiles are launched for the first time from a nuclear powered submarine

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: “£100 in 1960 → 2017 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Dec. 2018, https://www.officialdata.org/1960-GBP-in-2017?amount=100.


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