Inflation in 1936 and its effect on pound value
£1 in 1935 is equivalent in purchasing power to about £1.01 in 1936. The pound had an average inflation rate of 0.63% per year between 1935 and 1936, producing a cumulative price increase of 0.63%. Purchasing power decreased by 0.63% in 1936 compared to 1935. On average, you would have to spend 0.63% more money in 1936 than in 1935 for the same item.
This means that prices in 1936 are 1.01 times as high as average prices since 1935, according to the Office for National Statistics composite price index.
The inflation rate in 1935 was 0.63%. The inflation rate in 1936 was 0.63%. The 1936 inflation rate is lower compared to the average inflation rate of 5.23% per year between 1936 and 2024.
Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1936 was 16.00. It was 15.90 in the previous year, 1935. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.
⌃
| Average inflation rate | 0.63% |
| Converted amount £1 base | £1.01 |
| Price difference £1 base | £0.01 |
| CPI in 1935 | 15.900 |
| CPI in 1936 | 16.000 |
| Inflation in 1935 | 0.63% |
| Inflation in 1936 | 0.63% |
| £1 in 1935 | £1.01 in 1936 |
How to calculate inflation rate for £1, 1935 to 1936
Our calculations use the following inflation rate formula to calculate the change in value between 1935 and 1936:
CPI in 1936 CPI in 1935
×
1935 GBP value
=
1936 GBP value
Then plug in historical CPI values. The U.K. CPI was 15.9 in the year 1935 and 16 in 1936:
1615.9
×
£1
=
£1.01
£1 in 1935 has the same "purchasing power" or "buying power" as £1.01 in 1936.
To get the total inflation rate for the 1 years between 1935 and 1936, we use the following formula:
CPI in 1936 - CPI in 1935CPI in 1935
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
16 - 15.915.9
×
100
=
1%
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 1936 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Oct. 2024, https://www.officialdata.org/UK-inflation-rate-in-1936.
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.
| Average inflation rate | 0.63% |
| Converted amount £1 base | £1.01 |
| Price difference £1 base | £0.01 |
| CPI in 1935 | 15.900 |
| CPI in 1936 | 16.000 |
| Inflation in 1935 | 0.63% |
| Inflation in 1936 | 0.63% |
| £1 in 1935 | £1.01 in 1936 |