£

Value of 1959 British Pounds today

£100 in 1959
£2,189.46 in 2022

The inflation rate in the United Kingdom between 1959 and today has been 2,089.46%, which translates into a total increase of £2,089.46. This means that 100 pounds in 1959 are equivalent to 2,189.46 pounds in 2022. In other words, the purchasing power of £100 in 1959 equals £2,189.46 today. The average annual inflation rate between these periods has been 5.02%.

Inflation timeline in the United Kingdom (1959 - 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 1959-2021 1,893.89%
Cumulative inflation 1959-today 2,089.46%
Avg. Annual inflation 1959-2021 4.95%
CPI 1959 5.6
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 1959 and 2021, use the corresponding CPI values:

Value2021
=Value1959 ×
CPI2021/CPI1959
=£ 100 ×
111.6/5.6
£1,993.89

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

Valuetoday
=Value1959 ×
CPItoday/CPI1959
=£ 100 ×
122.55/5.6
£2,189.46

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 62 years between 1959 and 2021 and the average inflation rate was 4.9453%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.049453)62
£1,993.89

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1959 £19.94 pounds in 2021
£5 pounds in 1959 £99.69 pounds in 2021
£10 pounds in 1959 £199.39 pounds in 2021
£50 pounds in 1959 £996.94 pounds in 2021
£100 pounds in 1959 £1,993.89 pounds in 2021
£500 pounds in 1959 £9,969.44 pounds in 2021
£1,000 pounds in 1959 £19,938.89 pounds in 2021
£5,000 pounds in 1959 £99,694.43 pounds in 2021
£10,000 pounds in 1959 £199,388.86 pounds in 2021
£50,000 pounds in 1959 £996,944.31 pounds in 2021
£100,000 pounds in 1959 £1,993,888.62 pounds in 2021
£500,000 pounds in 1959 £9,969,443.12 pounds in 2021
£1,000,000 pounds in 1959 £19,938,886.24 pounds in 2021
Cumulative inflation From 1959 2,089.46%
Avg. annual inflation From 1959 5.02%
CPI 1959 5.6
CPI today 122.55

Value of Pound over time (by year)

Period Value
1959 100
1960 101
1961 104.49
1962 108.87
1963 111.07
1964 114.71
1965 120.19
1966 124.89
1967 127.99
1968 134
1969 141.3
1970 150.29
1971 164.49
1972 176.12
1973 192.32
1974 223.17
1975 277.2
1976 323.1
1977 374.28
1978 405.2
1979 459.59
1980 542.16
1981 606.55
1982 658.7
1983 689.07
1984 723.25
1985 767.16
1986 793.45
1987 826.37
1988 861.16
1989 911.19
1990 984.44
1991 1,057.69
1992 1,105.93
1993 1,134.52
1994 1,159.53
1995 1,189.9
1996 1,223.85
1997 1,250.65
1998 1,273.87
1999 1,297.1
2000 1,311.39
2001 1,332.83
2002 1,352.49
2003 1,370.35
2004 1,390
2005 1,418.59
2006 1,454.32
2007 1,488.27
2008 1,540.08
2009 1,570.46
2010 1,609.76
2011 1,672.29
2012 1,715.17
2013 1,754.48
2014 1,779.49
2015 1,786.64
2016 1,804.5
2017 1,850.96
2018 1,893.84
2019 1,926
2020 1,945.65
2021 1,993.89
2022-08 2,176.13
Today 2,189.46

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: