Value of 1957 British Pounds today

£100 in 1957

£1,923.87 in 2018

The inflation rate in United Kingdom between 1957 and today has been 1,823.87%, which translates into a total increase of £1,823.87. This means that 100 pounds in 1957 are equivalent to 1,923.87 pounds in 2018. In other words, the purchasing power of £100 in 1957 equals £1,923.87 today. The average annual inflation rate has been 4.88%.

Inflation timeline in United Kingdom (1957-2018)

The following chart ilustrates the equivalence of £100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1957-2018) 1,794.98%
Total Inflation* 1,823.87%
Annual inflation avg. (1957-2018) 4.94%
Annual inflation avg.* 4.88%
CPI 1957 5.54
CPI 2018 105
CPI today* 106.6
£1 in 1957 £18.95 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 61 years between 1957 and 2018 and the average inflation rate has been 4.8848%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = £100 * (1 + 0.05)61 = £1,894.98

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1957 was 5.54 and the CPI today is 106.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= £100 *
105/5.54
= £1,894.98

United Kingdom inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1957 £19.24 pounds today
£5 pounds in 1957 £96.19 pounds today
£10 pounds in 1957 £192.39 pounds today
£50 pounds in 1957 £961.93 pounds today
£100 pounds in 1957 £1,923.87 pounds today
£500 pounds in 1957 £9,619.34 pounds today
£1,000 pounds in 1957 £19,238.68 pounds today
£5,000 pounds in 1957 £96,193.4 pounds today
£10,000 pounds in 1957 £192,386.8 pounds today
£50,000 pounds in 1957 £961,933.98 pounds today
£100,000 pounds in 1957 £1,923,867.96 pounds today
£500,000 pounds in 1957 £9,619,339.81 pounds today
£1,000,000 pounds in 1957 £19,238,679.61 pounds today

Value of Pound in time (by year)

Period Value
1957 100
1958 104.64
1959 106.58
1960 106.58
1961 108.51
1962 113.25
1963 116.25
1964 118.41
1965 124.09
1966 129.66
1967 134.43
1968 137.73
1969 145.91
1970 152.73
1971 164.77
1972 179.66
1973 193.41
1974 213.86
1975 254.79
1976 318.21
1977 366.16
1978 410.63
1979 445.06
1980 521.78
1981 600.68
1982 673.04
1983 709.44
1984 747.15
1985 781.37
1986 825.47
1987 856.43
1988 888.24
1989 928.62
1990 980.01
1991 1,053.41
1992 1,130.49
1993 1,159.86
1994 1,187.38
1995 1,211.24
1996 1,247.95
1997 1,275.48
1998 1,297.5
1999 1,317.69
2000 1,332.37
2001 1,343.38
2002 1,358.06
2003 1,380.08
2004 1,398.43
2005 1,420.46
2006 1,449.21
2007 1,490.72
2008 1,525.01
2009 1,571.93
2010 1,604.42
2011 1,654.95
2012 1,714.51
2013 1,756.02
2014 1,790.31
2015 1,802.94
2016 1,811.97
2017 1,844.45
2018 1,894.98
Today 1,923.87