£

Value of 1957 British Pounds today

£100 in 1957
£2,268.09 in 2022

The inflation rate in the United Kingdom between 1957 and today has been 2,168.09%, which translates into a total increase of £2,168.09. This means that 100 pounds in 1957 are equivalent to 2,268.09 pounds in 2022. In other words, the purchasing power of £100 in 1957 equals £2,268.09 today. The average annual inflation rate between these periods has been 4.92%.

Inflation timeline in the United Kingdom (1957 - 2022)

The following chart depicts the equivalence of £100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (GBP) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1957-2021 1,965.5%
Cumulative inflation 1957-today 2,168.09%
Avg. Annual inflation 1957-2021 4.84%
CPI 1957 5.4
CPI 2021 111.6
CPI 2022-08 (latest official data) 121.8
CPI today 122.55

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1957 and 2021, use the corresponding CPI values:

Value2021
=Value1957 ×
CPI2021/CPI1957
=£ 100 ×
111.6/5.4
£2,065.5

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.55:

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=£ 100 ×
122.55/5.4
£2,268.09

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are £100 worth today. There are 64 years between 1957 and 2021 and the average inflation rate was 4.8449%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.048449)64
£2,065.5

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1957 £20.65 pounds in 2021
£5 pounds in 1957 £103.27 pounds in 2021
£10 pounds in 1957 £206.55 pounds in 2021
£50 pounds in 1957 £1,032.75 pounds in 2021
£100 pounds in 1957 £2,065.5 pounds in 2021
£500 pounds in 1957 £10,327.48 pounds in 2021
£1,000 pounds in 1957 £20,654.97 pounds in 2021
£5,000 pounds in 1957 £103,274.85 pounds in 2021
£10,000 pounds in 1957 £206,549.7 pounds in 2021
£50,000 pounds in 1957 £1,032,748.49 pounds in 2021
£100,000 pounds in 1957 £2,065,496.98 pounds in 2021
£500,000 pounds in 1957 £10,327,484.92 pounds in 2021
£1,000,000 pounds in 1957 £20,654,969.83 pounds in 2021
Cumulative inflation From 1957 2,168.09%
Avg. annual inflation From 1957 4.92%
CPI 1957 5.4
CPI today 122.55

Value of Pound over time (by year)

Period Value
1957 100
1958 102.99
1959 103.59
1960 104.63
1961 108.24
1962 112.78
1963 115.06
1964 118.83
1965 124.51
1966 129.37
1967 132.58
1968 138.81
1969 146.37
1970 155.69
1971 170.4
1972 182.45
1973 199.22
1974 231.19
1975 287.15
1976 334.7
1977 387.72
1978 419.76
1979 476.09
1980 561.63
1981 628.33
1982 682.36
1983 713.81
1984 749.22
1985 794.71
1986 821.95
1987 856.05
1988 892.09
1989 943.91
1990 1,019.79
1991 1,095.68
1992 1,145.65
1993 1,175.26
1994 1,201.17
1995 1,232.64
1996 1,267.8
1997 1,295.56
1998 1,319.62
1999 1,343.68
2000 1,358.49
2001 1,380.7
2002 1,401.06
2003 1,419.57
2004 1,439.93
2005 1,469.54
2006 1,506.55
2007 1,541.72
2008 1,595.39
2009 1,626.86
2010 1,667.57
2011 1,732.35
2012 1,776.77
2013 1,817.49
2014 1,843.4
2015 1,850.8
2016 1,869.31
2017 1,917.43
2018 1,961.85
2019 1,995.17
2020 2,015.53
2021 2,065.5
2022-08 2,254.28
Today 2,268.09

All available years

Today's value of british pounds by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: