£

Value of 1967 British Pounds today

£100 in 1967
£1,710.68 in 2022

The inflation rate in the United Kingdom between 1967 and today has been 1,610.68%, which translates into a total increase of £1,610.68. This means that 100 pounds in 1967 are equivalent to 1,710.68 pounds in 2022. In other words, the purchasing power of £100 in 1967 equals £1,710.68 today. The average annual inflation rate between these periods has been 5.3%.

Inflation timeline in the United Kingdom (1967 - 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 1967-2021 1,457.87%
Cumulative inflation 1967-today 1,610.68%
Avg. Annual inflation 1967-2021 5.22%
CPI 1967 7.16
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 1967 and 2021, use the corresponding CPI values:

Value2021
=Value1967 ×
CPI2021/CPI1967
=£ 100 ×
111.6/7.16
£1,557.87

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

Valuetoday
=Value1967 ×
CPItoday/CPI1967
=£ 100 ×
122.55/7.16
£1,710.68

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 54 years between 1967 and 2021 and the average inflation rate was 5.2165%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.052165)54
£1,557.87

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1967 £15.58 pounds in 2021
£5 pounds in 1967 £77.89 pounds in 2021
£10 pounds in 1967 £155.79 pounds in 2021
£50 pounds in 1967 £778.94 pounds in 2021
£100 pounds in 1967 £1,557.87 pounds in 2021
£500 pounds in 1967 £7,789.37 pounds in 2021
£1,000 pounds in 1967 £15,578.75 pounds in 2021
£5,000 pounds in 1967 £77,893.74 pounds in 2021
£10,000 pounds in 1967 £155,787.48 pounds in 2021
£50,000 pounds in 1967 £778,937.42 pounds in 2021
£100,000 pounds in 1967 £1,557,874.84 pounds in 2021
£500,000 pounds in 1967 £7,789,374.2 pounds in 2021
£1,000,000 pounds in 1967 £15,578,748.41 pounds in 2021
Cumulative inflation From 1967 1,610.68%
Avg. annual inflation From 1967 5.3%
CPI 1967 7.16
CPI today 122.55

Value of Pound over time (by year)

Period Value
1967 100
1968 104.7
1969 110.4
1970 117.43
1971 128.52
1972 137.61
1973 150.26
1974 174.37
1975 216.58
1976 252.44
1977 292.43
1978 316.6
1979 359.09
1980 423.6
1981 473.91
1982 514.66
1983 538.38
1984 565.09
1985 599.4
1986 619.95
1987 645.67
1988 672.85
1989 711.93
1990 769.17
1991 826.4
1992 864.09
1993 886.43
1994 905.97
1995 929.7
1996 956.22
1997 977.16
1998 995.31
1999 1,013.46
2000 1,024.62
2001 1,041.38
2002 1,056.73
2003 1,070.69
2004 1,086.05
2005 1,108.38
2006 1,136.3
2007 1,162.82
2008 1,203.3
2009 1,227.04
2010 1,257.75
2011 1,306.6
2012 1,340.11
2013 1,370.82
2014 1,390.36
2015 1,395.95
2016 1,409.9
2017 1,446.2
2018 1,479.7
2019 1,504.83
2020 1,520.18
2021 1,557.87
2022-08 1,700.26
Today 1,710.68

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: