£

Value of 1961 British Pounds today

£100 in 1961
£2,061.35 in 2022

The inflation rate in the United Kingdom between 1961 and today has been 1,961.35%, which translates into a total increase of £1,961.35. This means that 100 pounds in 1961 are equivalent to 2,061.35 pounds in 2022. In other words, the purchasing power of £100 in 1961 equals £2,061.35 today. The average annual inflation rate between these periods has been 5.09%.

Inflation timeline in the United Kingdom (1961 - 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 1961-2021 1,808.29%
Cumulative inflation 1961-today 1,961.35%
Avg. Annual inflation 1961-2021 5.04%
CPI 1961 5.85
CPI 2021 111.6
CPI 2022-04 (latest official data) 119
CPI today 120.55

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 1961 and 2021, use the corresponding CPI values:

Value2021
=Value1961 ×
CPI2021/CPI1961
=£ 100 ×
111.6/5.85
£1,908.29

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.55:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=£ 100 ×
120.55/5.85
£2,061.35

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 60 years between 1961 and 2021 and the average inflation rate was 5.0374%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.050374)60
£1,908.29

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1961 £19.08 pounds in 2021
£5 pounds in 1961 £95.41 pounds in 2021
£10 pounds in 1961 £190.83 pounds in 2021
£50 pounds in 1961 £954.14 pounds in 2021
£100 pounds in 1961 £1,908.29 pounds in 2021
£500 pounds in 1961 £9,541.44 pounds in 2021
£1,000 pounds in 1961 £19,082.89 pounds in 2021
£5,000 pounds in 1961 £95,414.45 pounds in 2021
£10,000 pounds in 1961 £190,828.89 pounds in 2021
£50,000 pounds in 1961 £954,144.47 pounds in 2021
£100,000 pounds in 1961 £1,908,288.93 pounds in 2021
£500,000 pounds in 1961 £9,541,444.67 pounds in 2021
£1,000,000 pounds in 1961 £19,082,889.33 pounds in 2021
Cumulative inflation From 1961 1,961.35%
Avg. annual inflation From 1961 5.09%
CPI 1961 5.85
CPI today 120.55

Value of Pound over time (by year)

Period Value
1961 100
1962 104.2
1963 106.3
1964 109.79
1965 115.03
1966 119.53
1967 122.49
1968 128.25
1969 135.23
1970 143.84
1971 157.43
1972 168.56
1973 184.06
1974 213.59
1975 265.3
1976 309.23
1977 358.21
1978 387.81
1979 439.86
1980 518.88
1981 580.51
1982 630.43
1983 659.48
1984 692.2
1985 734.22
1986 759.39
1987 790.9
1988 824.19
1989 872.07
1990 942.17
1991 1,012.28
1992 1,058.45
1993 1,085.81
1994 1,109.75
1995 1,138.82
1996 1,171.31
1997 1,196.96
1998 1,219.18
1999 1,241.41
2000 1,255.09
2001 1,275.61
2002 1,294.42
2003 1,311.52
2004 1,330.33
2005 1,357.69
2006 1,391.89
2007 1,424.38
2008 1,473.97
2009 1,503.03
2010 1,540.65
2011 1,600.5
2012 1,641.54
2013 1,679.16
2014 1,703.1
2015 1,709.94
2016 1,727.04
2017 1,771.49
2018 1,812.53
2019 1,843.31
2020 1,862.12
2021 1,908.29
2022-04 2,034.82
Today 2,061.35

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: