UK inflation rate in 1982: 8.61%

UK Inflation Calculator

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Inflation since 1982 and its effect on pound value

The composite price index (CPI) in 1982 was 320.4. It was 295 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 3.48% per year. Prices in 2018 are 242.8% higher than prices in 1982.

In other words, £100 in 1982 is equivalent in purchasing power to £342.78 in 2018, a difference of £242.78 over 36 years.

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

Inflation from 1982 to 2018
Cumulative price change 242.78%
Average inflation rate 3.48%
Converted amount (£100 base) £342.78
Price difference (£100 base) £242.78
CPI in 1982 320.4
CPI in 2018 1098.27186


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


How to calculate the inflation rate for £100 since 1982

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1982 * 1982 GBP value = 2018 GBP value

Then plug in historical CPI values. The UK CPI was 320.4 in the year 1982 and 1098.27186 in 2018:

1098.27186 / 320.4 * £100 = £342.78

£100 in 1982 has the same "purchasing power" or "buying power" as £342.78 in 2018.


Here are calculations of buying power over time for £100 in 1982 (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
1982 £100.00 8.61%
1983 £104.59 4.59%
1984 £109.80 4.98%
1985 £116.48 6.08%
1986 £120.44 3.40%
1987 £125.47 4.17%
1988 £131.62 4.90%
1989 £141.85 7.78%
1990 £155.27 9.46%
1991 £164.39 5.87%
1992 £170.54 3.74%
1993 £173.25 1.59%
1994 £177.43 2.41%
1995 £183.58 3.47%
1996 £188.01 2.41%
1997 £193.91 3.14%
1998 £200.56 3.43%
1999 £203.65 1.54%
2000 £209.68 2.96%
2001 £213.39 1.77%
2002 £216.95 1.67%
2003 £223.22 2.89%
2004 £229.87 2.98%
2005 £236.36 2.82%
2006 £243.91 3.20%
2007 £254.37 4.29%
2008 £264.51 3.99%
2009 £263.11 -0.53%
2010 £275.25 4.61%
2011 £289.58 5.20%
2012 £298.88 3.21%
2013 £307.96 3.04%
2014 £315.23 2.36%
2015 £318.35 0.99%
2016 £323.76 1.70%
2017 £335.40 3.59%
2018 £342.78 2.20%*
* Not final. See inflation summary for latest details.

News headlines from 1982

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

  • The Falkland Islands are seized from Great Britain by several thousand Argentine troops.
  • Canada's constitution is adopted.
  • The General Belgrano, an Argentine cruiser is sunk by Conqueror, a British Submarine; more than 350 men are killed
  • Argentina surrenders to Great Britain ending the Falklands conflict.

Inflation Data Source

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 1982 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jun. 2018, https://www.officialdata.org/UK-inflation-rate-in-1982.


» Read more about inflation.