# £1,600 in 1880 is worth £200,951.31 in 2021

£
👉 You may be interested in £1,600 in 1880 → 2023

## Value of £1,600 from 1880 to 2021

£1,600 in 1880 is equivalent in purchasing power to about £200,951.31 in 2021, an increase of £199,351.31 over 141 years. The pound had an average inflation rate of 3.49% per year between 1880 and 2021, producing a cumulative price increase of 12,459.46%.

This means that prices in 2021 are 125.59 times as high as average prices since 1880, according to the Office for National Statistics composite price index.

The inflation rate in 1880 was 3.30%. The inflation rate in 2021 was 2.49%. The 2021 inflation rate is lower compared to the average inflation rate of 10.70% per year between 2021 and 2023.

 Cumulative price change 12,459.46% Average inflation rate 3.49% Converted amount£1,600 base £200,951.31 Price difference£1,600 base £199,351.31 CPI in 1880 9.400 CPI in 2021 1,180.589 Inflation in 1880 3.30% Inflation in 2021 2.49% £1,600 in 1880 £200,951.31 in 2021

GBP inflation since 1880
Annual Rate, the Office for National Statistics CPI

## Buying power of £1,600 in 1880

This chart shows a calculation of buying power equivalence for £1,600 in 1880 (price index tracking began in 1750).

For example, if you started with £1,600, you would need to end with £200,951.31 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When £1,600 is equivalent to £200,951.31 over time, that means that the "real value" of a single U.K. pound decreases over time. In other words, a pound will pay for fewer items at the store.

This effect explains how inflation erodes the value of a pound over time. By calculating the value in 1880 dollars, the chart below shows how £1,600 is worth less over 141 years.

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:

Pound inflation: 1880-2021
YearPound ValueInflation Rate
1880£1,600.003.30%
1881£1,582.98-1.06%
1882£1,600.001.08%
1883£1,582.98-1.06%
1884£1,548.94-2.15%
1885£1,497.87-3.30%
1886£1,480.85-1.14%
1887£1,463.83-1.15%
1888£1,480.851.16%
1889£1,497.871.15%
1890£1,497.870.00%
1891£1,514.891.14%
1892£1,514.890.00%
1893£1,497.87-1.12%
1894£1,480.85-1.14%
1895£1,463.83-1.15%
1896£1,446.81-1.16%
1897£1,480.852.35%
1898£1,480.850.00%
1899£1,497.871.15%
1900£1,565.964.55%
1901£1,565.960.00%
1902£1,565.960.00%
1903£1,582.981.09%
1904£1,582.980.00%
1905£1,582.980.00%
1906£1,582.980.00%
1907£1,600.001.08%
1908£1,600.000.00%
1909£1,617.021.06%
1910£1,634.041.05%
1911£1,634.040.00%
1912£1,685.113.13%
1913£1,668.09-1.01%
1914£1,668.090.00%
1915£1,872.3412.24%
1916£2,212.7718.18%
1917£2,774.4725.38%
1918£3,387.2322.09%
1919£3,727.6610.05%
1920£4,306.3815.53%
1921£3,931.91-8.70%
1922£3,387.23-13.85%
1923£3,182.98-6.03%
1924£3,165.96-0.53%
1925£3,165.960.00%
1926£3,148.94-0.54%
1927£3,063.83-2.70%
1928£3,063.830.00%
1929£3,029.79-1.11%
1930£2,944.68-2.81%
1931£2,825.53-4.05%
1932£2,757.45-2.41%
1933£2,689.36-2.47%
1934£2,689.360.00%
1935£2,706.380.63%
1936£2,723.400.63%
1937£2,825.533.75%
1938£2,859.571.20%
1939£2,944.682.98%
1940£3,438.3016.76%
1941£3,812.7710.89%
1942£4,085.117.14%
1943£4,221.283.33%
1944£4,340.432.82%
1945£4,459.572.75%
1946£4,595.743.05%
1947£4,919.157.04%
1948£5,293.627.61%
1949£5,446.812.89%
1950£5,617.023.13%
1951£6,127.669.09%
1952£6,689.369.17%
1953£6,893.623.05%
1954£7,029.791.98%
1955£7,336.174.36%
1956£7,710.645.10%
1957£7,982.983.53%
1958£8,238.303.20%
1959£8,272.340.41%
1960£8,357.451.03%
1961£8,646.813.46%
1962£9,021.284.33%
1963£9,191.491.89%
1964£9,497.873.33%
1965£9,940.434.66%
1966£10,331.913.94%
1967£10,604.262.64%
1968£11,097.874.65%
1969£11,693.625.37%
1970£12,442.556.40%
1971£13,617.029.44%
1972£14,587.237.13%
1973£15,914.899.10%
1974£18,468.0916.04%
1975£22,944.6824.24%
1976£26,740.4316.54%
1977£30,978.7215.85%
1978£33,548.948.30%
1979£38,042.5513.39%
1980£44,885.1117.99%
1981£50,212.7711.87%
1982£54,536.178.61%
1983£57,038.304.59%
1984£59,880.854.98%
1985£63,523.406.08%
1986£65,685.113.40%
1987£68,425.534.17%
1988£71,778.724.90%
1989£77,361.707.78%
1990£84,680.859.46%
1991£89,651.065.87%
1992£93,004.263.74%
1993£94,485.111.59%
1994£96,765.962.41%
1995£100,119.153.47%
1996£102,536.172.41%
1997£105,753.193.14%
1998£109,378.723.43%
1999£111,063.831.54%
2000£114,348.942.96%
2001£116,374.471.77%
2002£118,314.891.67%
2003£121,736.172.89%
2004£125,361.702.98%
2005£128,902.132.82%
2006£133,021.283.20%
2007£138,723.404.29%
2008£144,255.323.99%
2009£143,489.36-0.53%
2010£150,110.644.61%
2011£157,923.405.20%
2012£162,995.743.21%
2013£167,948.943.04%
2014£171,914.892.36%
2015£173,617.020.99%
2016£176,629.791.74%
2017£182,961.703.58%
2018£187,901.672.70%
2019£192,599.212.50%
2020£196,066.001.80%
2021£200,951.312.49%
2022£222,453.1010.70%
2023£246,255.5810.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 135 more rows

This conversion table shows various other 1880 amounts in 2021 pounds, based on the 12,459.46% change in prices:

Conversion: 1880 pounds in 2021
Initial valueEquivalent value
£1 pound in 1880£125.59 pounds in 2021
£5 pounds in 1880£627.97 pounds in 2021
£10 pounds in 1880£1,255.95 pounds in 2021
£50 pounds in 1880£6,279.73 pounds in 2021
£100 pounds in 1880£12,559.46 pounds in 2021
£500 pounds in 1880£62,797.28 pounds in 2021
£1,000 pounds in 1880£125,594.57 pounds in 2021
£5,000 pounds in 1880£627,972.83 pounds in 2021
£10,000 pounds in 1880£1,255,945.67 pounds in 2021
£50,000 pounds in 1880£6,279,728.33 pounds in 2021
£100,000 pounds in 1880£12,559,456.66 pounds in 2021
£500,000 pounds in 1880£62,797,283.32 pounds in 2021
£1,000,000 pounds in 1880£125,594,566.64 pounds in 2021

## How to calculate inflation rate for £1,600, 1880 to 2021

Our calculations use the following inflation rate formula to calculate the change in value between 1880 and 2021:

CPI in 2021 CPI in 1880
×
1880 GBP value
=
2021 GBP value

Then plug in historical CPI values. The U.K. CPI was 9.4 in the year 1880 and 1180.5889263884287 in 2021:

1180.58892638842879.4
×
£1,600
=
£200,951.31

£1,600 in 1880 has the same "purchasing power" or "buying power" as £200,951.31 in 2021.

To get the total inflation rate for the 141 years between 1880 and 2021, we use the following formula:

CPI in 2021 - CPI in 1880CPI in 1880
×
100
=
Cumulative inflation rate (141 years)

Plugging in the values to this equation, we get:

1180.5889263884287 - 9.49.4
×
100
=
12,459%

## 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: “£1,600 in 1880 → 2021 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Oct. 2023, https://www.officialdata.org/uk/inflation/1880?amount=1600&endYear=2021.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.