Value of 1996 British Pounds today

£100 in 1996

£158.79 in 2019

The inflation rate in United Kingdom between 1996 and today has been 58.79%, which translates into a total increase of £58.79. This means that 100 pounds in 1996 are equivalent to 158.79 pounds in 2019. In other words, the purchasing power of £100 in 1996 equals £158.79 today. The average annual inflation rate has been 1.95%.

Inflation timeline in United Kingdom (1996-2019)

The following chart depicts the equivalence of £100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1996-2019) 58.67%
Total Inflation* 58.79%
Annual inflation avg. (1996-2019) 2.03%
Annual inflation avg.* 1.95%
CPI 1996 67.5
CPI 2019 107.1
CPI today* 107.18
£1 in 1996 £1.59 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 23 years between 1996 and 2019 and the average inflation rate has been 1.9454%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = £100 * (1 + 0.02)23 = £158.67

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1996 was 67.5 and the CPI today is 107.18. Therefore,

Final value = Initial value *
CPI final/CPI initial
= £100 *
107.1/67.5
= £158.67

United Kingdom inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1996 £1.59 pounds today
£5 pounds in 1996 £7.94 pounds today
£10 pounds in 1996 £15.88 pounds today
£50 pounds in 1996 £79.4 pounds today
£100 pounds in 1996 £158.79 pounds today
£500 pounds in 1996 £793.95 pounds today
£1,000 pounds in 1996 £1,587.9 pounds today
£5,000 pounds in 1996 £7,939.5 pounds today
£10,000 pounds in 1996 £15,879.01 pounds today
£50,000 pounds in 1996 £79,395.04 pounds today
£100,000 pounds in 1996 £158,790.07 pounds today
£500,000 pounds in 1996 £793,950.37 pounds today
£1,000,000 pounds in 1996 £1,587,900.74 pounds today

Value of Pound in time (by year)

Period Value
1996 100
1997 102.81
1998 104.74
1999 106.67
2000 108.3
2001 109.63
2002 111.11
2003 113.04
2004 114.52
2005 116.44
2006 118.96
2007 122.37
2008 125.19
2009 129.04
2010 131.7
2011 135.85
2012 140.74
2013 144.15
2014 146.96
2015 148
2016 148.74
2017 151.41
2018 155.56
2019 158.67
Today 158.79