Value of £1 from 2011 to 2019
£1 in 2011 is equivalent in purchasing power to about £1.22 in 2019, an increase of £0.22 over 8 years. The pound had an average inflation rate of 2.51% per year between 2011 and 2019, producing a cumulative price increase of 21.96%.
This means that prices in 2019 are 1.22 times as high as average prices since 2011, according to the Office for National Statistics composite price index.
The inflation rate in 2011 was 5.20%. The inflation rate in 2019 was 2.50%. The 2019 inflation rate is lower compared to the average inflation rate of 4.60% per year between 2019 and 2024.
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| Cumulative price change | 21.96% |
| Average inflation rate | 2.51% |
| Converted amount £1 base | £1.22 |
| Price difference £1 base | £0.22 |
| CPI in 2011 | 927.800 |
| CPI in 2019 | 1,131.520 |
| Inflation in 2011 | 5.20% |
| Inflation in 2019 | 2.50% |
| £1 in 2011 | £1.22 in 2019 |
Buying power of £1 in 2011
This chart shows a calculation of buying power equivalence for £1 in 2011 (price index tracking began in 1750).
For example, if you started with £1, you would need to end with £1.22 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When £1 is equivalent to £1.22 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 2011 dollars, the chart below shows how £1 is worth less over 8 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:
This conversion table shows various other 2011 amounts in 2019 pounds, based on the 21.96% change in prices:
| Initial value | Equivalent value |
|---|---|
| £1 pound in 2011 | £1.22 pounds in 2019 |
| £5 pounds in 2011 | £6.10 pounds in 2019 |
| £10 pounds in 2011 | £12.20 pounds in 2019 |
| £50 pounds in 2011 | £60.98 pounds in 2019 |
| £100 pounds in 2011 | £121.96 pounds in 2019 |
| £500 pounds in 2011 | £609.79 pounds in 2019 |
| £1,000 pounds in 2011 | £1,219.57 pounds in 2019 |
| £5,000 pounds in 2011 | £6,097.87 pounds in 2019 |
| £10,000 pounds in 2011 | £12,195.74 pounds in 2019 |
| £50,000 pounds in 2011 | £60,978.68 pounds in 2019 |
| £100,000 pounds in 2011 | £121,957.36 pounds in 2019 |
| £500,000 pounds in 2011 | £609,786.78 pounds in 2019 |
| £1,000,000 pounds in 2011 | £1,219,573.57 pounds in 2019 |
How to calculate inflation rate for £1, 2011 to 2019
Our calculations use the following inflation rate formula to calculate the change in value between 2011 and 2019:
CPI in 2019 CPI in 2011
×
2011 GBP value
=
2019 GBP value
Then plug in historical CPI values. The U.K. CPI was 927.8 in the year 2011 and 1131.5203575 in 2019:
1131.5203575927.8
×
£1
=
£1.22
£1 in 2011 has the same "purchasing power" or "buying power" as £1.22 in 2019.
To get the total inflation rate for the 8 years between 2011 and 2019, we use the following formula:
CPI in 2019 - CPI in 2011CPI in 2011
×
100
=
Cumulative inflation rate (8 years)
Plugging in the values to this equation, we get:
1131.5203575 - 927.8927.8
×
100
=
22%
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: “£1 in 2011 → 2019 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Nov. 2024, https://www.officialdata.org/uk/inflation/2011?amount=1&endYear=2019.
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.
| Cumulative price change | 21.96% |
| Average inflation rate | 2.51% |
| Converted amount £1 base | £1.22 |
| Price difference £1 base | £0.22 |
| CPI in 2011 | 927.800 |
| CPI in 2019 | 1,131.520 |
| Inflation in 2011 | 5.20% |
| Inflation in 2019 | 2.50% |
| £1 in 2011 | £1.22 in 2019 |