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Value of 1990 British Pounds today

£100 in 1990
£244.44 in 2024

The inflation rate in the United Kingdom between 1990 and today has been 144.44%, which translates into a total increase of £144.44. This means that 100 pounds in 1990 are equivalent to 244.44 pounds in 2024. In other words, the purchasing power of £100 in 1990 equals £244.44 today. The average annual inflation rate between these periods has been 2.66%.

Inflation timeline in the United Kingdom (1990 - 2024)

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 1990-2023 133.39%
Cumulative inflation 1990-today 144.44%
Avg. Annual inflation 1990-2023 2.6%
CPI 1990 55.1
CPI 2023 128.6
CPI 2024-10 (latest official data) 134.3
CPI today 134.69

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 1990 and 2023, use the corresponding CPI values:

Value2023
=Value1990 ×
CPI2023/CPI1990
=£ 100 ×
128.6/55.1
£233.39

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.69:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=£ 100 ×
134.69/55.1
£244.44

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 33 years between 1990 and 2023 and the average inflation rate was 2.6016%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=£100 × (1 + 0.026016)33
£233.39

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1990 £2.33 pounds in 2023
£5 pounds in 1990 £11.67 pounds in 2023
£10 pounds in 1990 £23.34 pounds in 2023
£50 pounds in 1990 £116.7 pounds in 2023
£100 pounds in 1990 £233.39 pounds in 2023
£500 pounds in 1990 £1,166.97 pounds in 2023
£1,000 pounds in 1990 £2,333.94 pounds in 2023
£5,000 pounds in 1990 £11,669.69 pounds in 2023
£10,000 pounds in 1990 £23,339.38 pounds in 2023
£50,000 pounds in 1990 £116,696.91 pounds in 2023
£100,000 pounds in 1990 £233,393.83 pounds in 2023
£500,000 pounds in 1990 £1,166,969.15 pounds in 2023
£1,000,000 pounds in 1990 £2,333,938.29 pounds in 2023
Cumulative inflation From 1990 144.44%
Avg. annual inflation From 1990 2.66%
CPI 1990 55.1
CPI today 134.69

Value of Pound over time (by year)

Period Value
1990 100
1991 107.44
1992 112.34
1993 115.25
1994 117.79
1995 120.87
1996 124.32
1997 127.04
1998 129.4
1999 131.76
2000 133.21
2001 135.39
2002 137.39
2003 139.2
2004 141.2
2005 144.1
2006 147.73
2007 151.18
2008 156.44
2009 159.53
2010 163.52
2011 169.87
2012 174.23
2013 178.22
2014 180.76
2015 181.49
2016 183.3
2017 188.02
2018 192.38
2019 195.64
2020 197.64
2021 202.54
2022 218.69
2023 233.39
2024-10 243.74
Today 244.44

All available years

Today's value of british pounds by year:

1955 | 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 | 2022 | 2023 |

Other currencies: