£

Value of 1960 British Pounds today

£100 in 1960
£2,079.66 in 2022

The inflation rate in the United Kingdom between 1960 and today has been 1,979.66%, which translates into a total increase of £1,979.66. This means that 100 pounds in 1960 are equivalent to 2,079.66 pounds in 2022. In other words, the purchasing power of £100 in 1960 equals £2,079.66 today. The average annual inflation rate between these periods has been 5.02%.

Inflation timeline in the United Kingdom (1960 - 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 1960-2021 1,874.08%
Cumulative inflation 1960-today 1,979.66%
Avg. Annual inflation 1960-2021 5.01%
CPI 1960 5.65
CPI 2021 111.6
CPI 2022-03 (latest official data) 116.5
CPI today 117.57

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=£ 100 ×
111.6/5.65
£1,974.08

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.57:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=£ 100 ×
117.57/5.65
£2,079.66

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 61 years between 1960 and 2021 and the average inflation rate was 5.0112%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.050112)61
£1,974.08

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1960 £19.74 pounds in 2021
£5 pounds in 1960 £98.7 pounds in 2021
£10 pounds in 1960 £197.41 pounds in 2021
£50 pounds in 1960 £987.04 pounds in 2021
£100 pounds in 1960 £1,974.08 pounds in 2021
£500 pounds in 1960 £9,870.39 pounds in 2021
£1,000 pounds in 1960 £19,740.77 pounds in 2021
£5,000 pounds in 1960 £98,703.87 pounds in 2021
£10,000 pounds in 1960 £197,407.73 pounds in 2021
£50,000 pounds in 1960 £987,038.66 pounds in 2021
£100,000 pounds in 1960 £1,974,077.32 pounds in 2021
£500,000 pounds in 1960 £9,870,386.61 pounds in 2021
£1,000,000 pounds in 1960 £19,740,773.22 pounds in 2021
Cumulative inflation From 1960 1,979.66%
Avg. annual inflation From 1960 5.02%
CPI 1960 5.65
CPI today 117.57

Value of Pound over time (by year)

Period Value
1960 100
1961 103.45
1962 107.79
1963 109.96
1964 113.57
1965 118.99
1966 123.65
1967 126.72
1968 132.67
1969 139.89
1970 148.8
1971 162.85
1972 174.37
1973 190.41
1974 220.95
1975 274.44
1976 319.89
1977 370.56
1978 401.18
1979 455.02
1980 536.77
1981 600.52
1982 652.16
1983 682.22
1984 716.06
1985 759.54
1986 785.57
1987 818.16
1988 852.6
1989 902.13
1990 974.66
1991 1,047.18
1992 1,094.94
1993 1,123.24
1994 1,148.01
1995 1,178.08
1996 1,211.69
1997 1,238.22
1998 1,261.22
1999 1,284.21
2000 1,298.36
2001 1,319.59
2002 1,339.05
2003 1,356.74
2004 1,376.19
2005 1,404.5
2006 1,439.87
2007 1,473.48
2008 1,524.78
2009 1,554.85
2010 1,593.77
2011 1,655.68
2012 1,698.13
2013 1,737.05
2014 1,761.81
2015 1,768.89
2016 1,786.58
2017 1,832.57
2018 1,875.02
2019 1,906.86
2020 1,926.32
2021 1,974.08
2022-03 2,060.75
Today 2,079.66

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: