£

Value of 1964 British Pounds today

£100 in 1964
£1,830.19 in 2022

The inflation rate in the United Kingdom between 1964 and today has been 1,730.19%, which translates into a total increase of £1,730.19. This means that 100 pounds in 1964 are equivalent to 1,830.19 pounds in 2022. In other words, the purchasing power of £100 in 1964 equals £1,830.19 today. The average annual inflation rate between these periods has been 5.14%.

Inflation timeline in the United Kingdom (1964 - 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 1964-2021 1,638.16%
Cumulative inflation 1964-today 1,730.19%
Avg. Annual inflation 1964-2021 5.14%
CPI 1964 6.42
CPI 2021 111.6
CPI 2022-03 (latest official data) 116.5
CPI today 117.51

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 1964 and 2021, use the corresponding CPI values:

Value2021
=Value1964 ×
CPI2021/CPI1964
=£ 100 ×
111.6/6.42
£1,738.16

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.51:

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=£ 100 ×
117.51/6.42
£1,830.19

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 57 years between 1964 and 2021 and the average inflation rate was 5.1371%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.051371)57
£1,738.16

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1964 £17.38 pounds in 2021
£5 pounds in 1964 £86.91 pounds in 2021
£10 pounds in 1964 £173.82 pounds in 2021
£50 pounds in 1964 £869.08 pounds in 2021
£100 pounds in 1964 £1,738.16 pounds in 2021
£500 pounds in 1964 £8,690.78 pounds in 2021
£1,000 pounds in 1964 £17,381.57 pounds in 2021
£5,000 pounds in 1964 £86,907.85 pounds in 2021
£10,000 pounds in 1964 £173,815.69 pounds in 2021
£50,000 pounds in 1964 £869,078.47 pounds in 2021
£100,000 pounds in 1964 £1,738,156.94 pounds in 2021
£500,000 pounds in 1964 £8,690,784.68 pounds in 2021
£1,000,000 pounds in 1964 £17,381,569.37 pounds in 2021
Cumulative inflation From 1964 1,730.19%
Avg. annual inflation From 1964 5.14%
CPI 1964 6.42
CPI today 117.51

Value of Pound over time (by year)

Period Value
1964 100
1965 104.77
1966 108.87
1967 111.57
1968 116.81
1969 123.18
1970 131.02
1971 143.39
1972 153.53
1973 167.65
1974 194.55
1975 241.64
1976 281.66
1977 326.27
1978 353.23
1979 400.64
1980 472.62
1981 528.75
1982 574.22
1983 600.69
1984 630.49
1985 668.77
1986 691.69
1987 720.39
1988 750.71
1989 794.32
1990 858.18
1991 922.03
1992 964.09
1993 989.01
1994 1,010.81
1995 1,037.29
1996 1,066.88
1997 1,090.24
1998 1,110.49
1999 1,130.74
2000 1,143.2
2001 1,161.89
2002 1,179.02
2003 1,194.59
2004 1,211.73
2005 1,236.65
2006 1,267.8
2007 1,297.39
2008 1,342.55
2009 1,369.03
2010 1,403.3
2011 1,457.81
2012 1,495.19
2013 1,529.45
2014 1,551.26
2015 1,557.49
2016 1,573.06
2017 1,613.56
2018 1,650.94
2019 1,678.97
2020 1,696.1
2021 1,738.16
2022-03 1,814.47
Today 1,830.19

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: