£

Value of 1968 British Pounds today

£100 in 1968
£1,606.31 in 2022

The inflation rate in the United Kingdom between 1968 and today has been 1,506.31%, which translates into a total increase of £1,506.31. This means that 100 pounds in 1968 are equivalent to 1,606.31 pounds in 2022. In other words, the purchasing power of £100 in 1968 equals £1,606.31 today. The average annual inflation rate between these periods has been 5.28%.

Inflation timeline in the United Kingdom (1968 - 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 1968-2021 1,387.98%
Cumulative inflation 1968-today 1,506.31%
Avg. Annual inflation 1968-2021 5.23%
CPI 1968 7.5
CPI 2021 111.6
CPI 2022-04 (latest official data) 119
CPI today 120.47

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 1968 and 2021, use the corresponding CPI values:

Value2021
=Value1968 ×
CPI2021/CPI1968
=£ 100 ×
111.6/7.5
£1,487.98

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.47:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=£ 100 ×
120.47/7.5
£1,606.31

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 53 years between 1968 and 2021 and the average inflation rate was 5.2263%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.052263)53
£1,487.98

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1968 £14.88 pounds in 2021
£5 pounds in 1968 £74.4 pounds in 2021
£10 pounds in 1968 £148.8 pounds in 2021
£50 pounds in 1968 £743.99 pounds in 2021
£100 pounds in 1968 £1,487.98 pounds in 2021
£500 pounds in 1968 £7,439.89 pounds in 2021
£1,000 pounds in 1968 £14,879.78 pounds in 2021
£5,000 pounds in 1968 £74,398.91 pounds in 2021
£10,000 pounds in 1968 £148,797.82 pounds in 2021
£50,000 pounds in 1968 £743,989.09 pounds in 2021
£100,000 pounds in 1968 £1,487,978.18 pounds in 2021
£500,000 pounds in 1968 £7,439,890.88 pounds in 2021
£1,000,000 pounds in 1968 £14,879,781.76 pounds in 2021
Cumulative inflation From 1968 1,506.31%
Avg. annual inflation From 1968 5.28%
CPI 1968 7.5
CPI today 120.47

Value of Pound over time (by year)

Period Value
1968 100
1969 105.45
1970 112.16
1971 122.75
1972 131.43
1973 143.52
1974 166.55
1975 206.86
1976 241.12
1977 279.31
1978 302.39
1979 342.98
1980 404.6
1981 452.65
1982 491.57
1983 514.23
1984 539.74
1985 572.51
1986 592.13
1987 616.7
1988 642.66
1989 679.99
1990 734.66
1991 789.32
1992 825.32
1993 846.65
1994 865.32
1995 887.99
1996 913.32
1997 933.32
1998 950.65
1999 967.99
2000 978.65
2001 994.65
2002 1,009.32
2003 1,022.65
2004 1,037.32
2005 1,058.65
2006 1,085.32
2007 1,110.65
2008 1,149.32
2009 1,171.98
2010 1,201.32
2011 1,247.98
2012 1,279.98
2013 1,309.31
2014 1,327.98
2015 1,333.31
2016 1,346.65
2017 1,381.31
2018 1,413.31
2019 1,437.31
2020 1,451.98
2021 1,487.98
2022-04 1,586.64
Today 1,606.31

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: