# UK inflation rate in 1933: -2.47%

## UK Inflation Calculator

£

### Inflation since 1933 and its effect on pound value

The composite price index (CPI) in 1933 was 15.8. It was 16.2 in the previous year. This change in CPI is used by the Office for National Statistics to calculate inflation.

According to the Office for National Statistics composite price index, the pound experienced an average inflation rate of 5.12% per year. Prices in 2018 are 6851.1% higher than prices in 1933.

In other words, £100 in 1933 is equivalent in purchasing power to £6,951.09 in 2018, a difference of £6,851.09 over 85 years.

The current inflation rate is now 2.20%1. If this number holds, £100 today will be equivalent to £102.20 next year.

 Cumulative price change 6851.09% Average inflation rate 5.12% Converted amount (£100 base) £6,951.09 Price difference (£100 base) £6,851.09 CPI in 1933 15.8 CPI in 2018 1098.27186

### How to calculate the inflation rate for £100 since 1933

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1933 * 1933 GBP value = 2018 GBP value

Then plug in historical CPI values. The UK CPI was 15.8 in the year 1933 and 1098.27186 in 2018:

1098.27186 / 15.8 * £100 = £6,951.09

£100 in 1933 has the same "purchasing power" or "buying power" as £6,951.09 in 2018.

### Buying power of £100 since 1933

Below are calculations of buying power over time for £100 in 1933 (price index tracking began in 1750). Each of these GBP amounts below is equivalent in terms of what it could buy at the time:

Year GBP Value Inflation Rate
1933 £100.00 -2.47%
1934 £100.00 0.00%
1935 £100.63 0.63%
1936 £101.27 0.63%
1937 £105.06 3.75%
1938 £106.33 1.20%
1939 £109.49 2.98%
1940 £127.85 16.76%
1941 £141.77 10.89%
1942 £151.90 7.14%
1943 £156.96 3.33%
1944 £161.39 2.82%
1945 £165.82 2.75%
1946 £170.89 3.05%
1947 £182.91 7.04%
1948 £196.84 7.61%
1949 £202.53 2.89%
1950 £208.86 3.13%
1951 £227.85 9.09%
1952 £248.73 9.17%
1953 £256.33 3.05%
1954 £261.39 1.98%
1955 £272.78 4.36%
1956 £286.71 5.10%
1957 £296.84 3.53%
1958 £306.33 3.20%
1959 £307.59 0.41%
1960 £310.76 1.03%
1961 £321.52 3.46%
1962 £335.44 4.33%
1963 £341.77 1.89%
1964 £353.16 3.33%
1965 £369.62 4.66%
1966 £384.18 3.94%
1967 £394.30 2.64%
1968 £412.66 4.65%
1969 £434.81 5.37%
1970 £462.66 6.40%
1971 £506.33 9.44%
1972 £542.41 7.13%
1973 £591.77 9.10%
1974 £686.71 16.04%
1975 £853.16 24.24%
1976 £994.30 16.54%
1977 £1,151.90 15.85%
1978 £1,247.47 8.30%
1979 £1,414.56 13.39%
1980 £1,668.99 17.99%
1981 £1,867.09 11.87%
1982 £2,027.85 8.61%
1983 £2,120.89 4.59%
1984 £2,226.58 4.98%
1985 £2,362.03 6.08%
1986 £2,442.41 3.40%
1987 £2,544.30 4.17%
1988 £2,668.99 4.90%
1989 £2,876.58 7.78%
1990 £3,148.73 9.46%
1991 £3,333.54 5.87%
1992 £3,458.23 3.74%
1993 £3,513.29 1.59%
1994 £3,598.10 2.41%
1995 £3,722.78 3.47%
1996 £3,812.66 2.41%
1997 £3,932.28 3.14%
1998 £4,067.09 3.43%
1999 £4,129.75 1.54%
2000 £4,251.90 2.96%
2001 £4,327.22 1.77%
2002 £4,399.37 1.67%
2003 £4,526.58 2.89%
2004 £4,661.39 2.98%
2005 £4,793.04 2.82%
2006 £4,946.20 3.20%
2007 £5,158.23 4.29%
2008 £5,363.92 3.99%
2009 £5,335.44 -0.53%
2010 £5,581.65 4.61%
2011 £5,872.15 5.20%
2012 £6,060.76 3.21%
2013 £6,244.94 3.04%
2014 £6,392.41 2.36%
2015 £6,455.70 0.99%
2016 £6,565.44 1.70%
2017 £6,801.46 3.59%
2018 £6,951.09 2.20%*
* Not final. See inflation summary for latest details.

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

• Coining of the name "Pakistan" by Choudhry Rahmat Ali, this is later accepted by Muslims in the Indian sub-continent who use it to push for a separate Muslim homeland in South Asia.
• Adolf Hitler is appointed Reich Chancellor of Germany by President Paul von Hindenburg.
• Franklin D. Roosevelt is inaugurated President of the United States.
• The first Nazi concentration camp, Dachau, is completed.
• The Nazi party is declared the only political party in Germany.

### 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: “Inflation Rate in 1933 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/UK-inflation-rate-in-1933.