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Value of 1976 British Pounds today

£100 in 1976
£649.35 in 2022

The inflation rate in the United Kingdom between 1976 and today has been 549.35%, which translates into a total increase of £549.35. This means that 100 pounds in 1976 are equivalent to 649.35 pounds in 2022. In other words, the purchasing power of £100 in 1976 equals £649.35 today. The average annual inflation rate between these periods has been 4.15%.

Inflation timeline in the United Kingdom (1976 - 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 1976-2021 517.12%
Cumulative inflation 1976-today 549.35%
Avg. Annual inflation 1976-2021 4.13%
CPI 1976 18.08
CPI 2021 111.6
CPI 2022-03 (latest official data) 116.5
CPI today 117.43

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 1976 and 2021, use the corresponding CPI values:

Value2021
=Value1976 ×
CPI2021/CPI1976
=£ 100 ×
111.6/18.08
£617.12

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.43:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=£ 100 ×
117.43/18.08
£649.35

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 45 years between 1976 and 2021 and the average inflation rate was 4.1271%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.041271)45
£617.12

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1976 £6.17 pounds in 2021
£5 pounds in 1976 £30.86 pounds in 2021
£10 pounds in 1976 £61.71 pounds in 2021
£50 pounds in 1976 £308.56 pounds in 2021
£100 pounds in 1976 £617.12 pounds in 2021
£500 pounds in 1976 £3,085.58 pounds in 2021
£1,000 pounds in 1976 £6,171.16 pounds in 2021
£5,000 pounds in 1976 £30,855.78 pounds in 2021
£10,000 pounds in 1976 £61,711.57 pounds in 2021
£50,000 pounds in 1976 £308,557.83 pounds in 2021
£100,000 pounds in 1976 £617,115.67 pounds in 2021
£500,000 pounds in 1976 £3,085,578.35 pounds in 2021
£1,000,000 pounds in 1976 £6,171,156.7 pounds in 2021
Cumulative inflation From 1976 549.35%
Avg. annual inflation From 1976 4.15%
CPI 1976 18.08
CPI today 117.43

Value of Pound over time (by year)

Period Value
1976 100
1977 115.84
1978 125.41
1979 142.24
1980 167.8
1981 187.73
1982 203.87
1983 213.27
1984 223.85
1985 237.44
1986 245.58
1987 255.77
1988 266.53
1989 282.02
1990 304.69
1991 327.36
1992 342.29
1993 351.14
1994 358.88
1995 368.28
1996 378.79
1997 387.08
1998 394.27
1999 401.46
2000 405.88
2001 412.52
2002 418.6
2003 424.13
2004 430.21
2005 439.06
2006 450.12
2007 460.62
2008 476.66
2009 486.06
2010 498.23
2011 517.58
2012 530.85
2013 543.02
2014 550.76
2015 552.97
2016 558.5
2017 572.88
2018 586.15
2019 596.1
2020 602.19
2021 617.12
2022-03 644.21
Today 649.35

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: