U.K. inflation rate in 1856: 0.00%

£

Inflation in 1856 and its effect on pound value

£1 in 1855 is equivalent in purchasing power to about £1 in 1856. The pound had an average inflation rate of 0.00% per year between 1855 and 1856, producing a cumulative price increase of 0.00%. Purchasing power decreased by 0.00% in 1856 compared to 1855. On average, you would have to spend 0.00% more money in 1856 than in 1855 for the same item.

The inflation rate in 1855 was 2.94%. The inflation rate in 1856 was 0.00%. The 1856 inflation rate is lower compared to the average inflation rate of 2.96% per year between 1856 and 2024.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1856 was 10.50. It was 10.50 in the previous year, 1855. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

⌃
Inflation from 1855 to 1856
Average inflation rate0.00%
Converted amount
£1 base		£1
Price difference
£1 base		£0.00
CPI in 185510.500
CPI in 185610.500
Inflation in 18552.94%
Inflation in 18560.00%
£1 in 1855£1 in 1856
Recent GBP inflation
Annual Rate, the Office for National Statistics CPI
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How to calculate inflation rate for £1, 1855 to 1856

Our calculations use the following inflation rate formula to calculate the change in value between 1855 and 1856:

CPI in 1856 CPI in 1855
×
1855 GBP value
=
1856 GBP value

Then plug in historical CPI values. The U.K. CPI was 10.5 in the year 1855 and 10.5 in 1856:

10.510.5
×
£1
=
£1

£1 in 1855 has the same "purchasing power" or "buying power" as £1 in 1856.

To get the total inflation rate for the 1 years between 1855 and 1856, we use the following formula:

CPI in 1856 - CPI in 1855CPI in 1855
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10.5 - 10.510.5
×
100
=
0%

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 the current year, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page: “Inflation Rate in 1856 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Oct. 2024, https://www.officialdata.org/UK-inflation-rate-in-1856.

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

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1855 to 1856
Average inflation rate0.00%
Converted amount
£1 base		£1
Price difference
£1 base		£0.00
CPI in 185510.500
CPI in 185610.500
Inflation in 18552.94%
Inflation in 18560.00%
£1 in 1855£1 in 1856