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Value of 1993 British Pounds today

£100 in 1993
£188.4 in 2022

The inflation rate in the United Kingdom between 1993 and today has been 88.4%, which translates into a total increase of £88.4. This means that 100 pounds in 1993 are equivalent to 188.4 pounds in 2022. In other words, the purchasing power of £100 in 1993 equals £188.4 today. The average annual inflation rate between these periods has been 2.21%.

Inflation timeline in the United Kingdom (1993 - 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 1993-2021 75.75%
Cumulative inflation 1993-today 88.4%
Avg. Annual inflation 1993-2021 2.03%
CPI 1993 63.5
CPI 2021 111.6
CPI 2022-04 (latest official data) 119
CPI today 119.64

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=£ 100 ×
111.6/63.5
£175.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.64:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=£ 100 ×
119.64/63.5
£188.4

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 28 years between 1993 and 2021 and the average inflation rate was 2.0343%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.020343)28
£175.75

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1993 £1.76 pounds in 2021
£5 pounds in 1993 £8.79 pounds in 2021
£10 pounds in 1993 £17.57 pounds in 2021
£50 pounds in 1993 £87.87 pounds in 2021
£100 pounds in 1993 £175.75 pounds in 2021
£500 pounds in 1993 £878.74 pounds in 2021
£1,000 pounds in 1993 £1,757.48 pounds in 2021
£5,000 pounds in 1993 £8,787.4 pounds in 2021
£10,000 pounds in 1993 £17,574.8 pounds in 2021
£50,000 pounds in 1993 £87,874.02 pounds in 2021
£100,000 pounds in 1993 £175,748.03 pounds in 2021
£500,000 pounds in 1993 £878,740.16 pounds in 2021
£1,000,000 pounds in 1993 £1,757,480.31 pounds in 2021
Cumulative inflation From 1993 88.4%
Avg. annual inflation From 1993 2.21%
CPI 1993 63.5
CPI today 119.64

Value of Pound over time (by year)

Period Value
1993 100
1994 102.2
1995 104.88
1996 107.87
1997 110.24
1998 112.28
1999 114.33
2000 115.59
2001 117.48
2002 119.21
2003 120.79
2004 122.52
2005 125.04
2006 128.19
2007 131.18
2008 135.75
2009 138.43
2010 141.89
2011 147.4
2012 151.18
2013 154.65
2014 156.85
2015 157.48
2016 159.06
2017 163.15
2018 166.93
2019 169.76
2020 171.5
2021 175.75
2022-04 187.4
Today 188.4

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: