£

Value of 1972 British Pounds today

£100 in 1972
£1,223.18 in 2022

The inflation rate in the United Kingdom between 1972 and today has been 1,123.18%, which translates into a total increase of £1,123.18. This means that 100 pounds in 1972 are equivalent to 1,223.18 pounds in 2022. In other words, the purchasing power of £100 in 1972 equals £1,223.18 today. The average annual inflation rate between these periods has been 5.14%.

Inflation timeline in the United Kingdom (1972 - 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 1972-2021 1,032.12%
Cumulative inflation 1972-today 1,123.18%
Avg. Annual inflation 1972-2021 5.08%
CPI 1972 9.86
CPI 2021 111.6
CPI 2022-04 (latest official data) 119
CPI today 120.58

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 1972 and 2021, use the corresponding CPI values:

Value2021
=Value1972 ×
CPI2021/CPI1972
=£ 100 ×
111.6/9.86
£1,132.12

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.58:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=£ 100 ×
120.58/9.86
£1,223.18

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 49 years between 1972 and 2021 and the average inflation rate was 5.0771%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.050771)49
£1,132.12

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1972 £11.32 pounds in 2021
£5 pounds in 1972 £56.61 pounds in 2021
£10 pounds in 1972 £113.21 pounds in 2021
£50 pounds in 1972 £566.06 pounds in 2021
£100 pounds in 1972 £1,132.12 pounds in 2021
£500 pounds in 1972 £5,660.58 pounds in 2021
£1,000 pounds in 1972 £11,321.16 pounds in 2021
£5,000 pounds in 1972 £56,605.82 pounds in 2021
£10,000 pounds in 1972 £113,211.64 pounds in 2021
£50,000 pounds in 1972 £566,058.18 pounds in 2021
£100,000 pounds in 1972 £1,132,116.36 pounds in 2021
£500,000 pounds in 1972 £5,660,581.78 pounds in 2021
£1,000,000 pounds in 1972 £11,321,163.56 pounds in 2021
Cumulative inflation From 1972 1,123.18%
Avg. annual inflation From 1972 5.14%
CPI 1972 9.86
CPI today 120.58

Value of Pound over time (by year)

Period Value
1972 100
1973 109.2
1974 126.72
1975 157.39
1976 183.45
1977 212.51
1978 230.07
1979 260.95
1980 307.83
1981 344.39
1982 374.01
1983 391.25
1984 410.66
1985 435.59
1986 450.52
1987 469.21
1988 488.96
1989 517.37
1990 558.96
1991 600.55
1992 627.94
1993 644.17
1994 658.37
1995 675.62
1996 694.89
1997 710.11
1998 723.3
1999 736.48
2000 744.6
2001 756.77
2002 767.93
2003 778.08
2004 789.24
2005 805.47
2006 825.76
2007 845.03
2008 874.45
2009 891.69
2010 914.01
2011 949.52
2012 973.86
2013 996.18
2014 1,010.38
2015 1,014.44
2016 1,024.59
2017 1,050.96
2018 1,075.31
2019 1,093.57
2020 1,104.73
2021 1,132.12
2022-04 1,207.19
Today 1,223.18

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: