£

Value of 2001 British Pounds today

£100 in 2001
£167.54 in 2022

The inflation rate in the United Kingdom between 2001 and today has been 67.54%, which translates into a total increase of £67.54. This means that 100 pounds in 2001 are equivalent to 167.54 pounds in 2022. In other words, the purchasing power of £100 in 2001 equals £167.54 today. The average annual inflation rate between these periods has been 2.49%.

Inflation timeline in the United Kingdom (2001 - 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 2001-2021 49.6%
Cumulative inflation 2001-today 67.54%
Avg. Annual inflation 2001-2021 2.03%
CPI 2001 74.6
CPI 2021 111.6
CPI 2022-10 (latest official data) 124.3
CPI today 124.99

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 2001 and 2021, use the corresponding CPI values:

Value2021
=Value2001 ×
CPI2021/CPI2001
=£ 100 ×
111.6/74.6
£149.6

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.99:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=£ 100 ×
124.99/74.6
£167.54

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 20 years between 2001 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)20
£149.6

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 2001 £1.5 pounds in 2021
£5 pounds in 2001 £7.48 pounds in 2021
£10 pounds in 2001 £14.96 pounds in 2021
£50 pounds in 2001 £74.8 pounds in 2021
£100 pounds in 2001 £149.6 pounds in 2021
£500 pounds in 2001 £747.99 pounds in 2021
£1,000 pounds in 2001 £1,495.98 pounds in 2021
£5,000 pounds in 2001 £7,479.89 pounds in 2021
£10,000 pounds in 2001 £14,959.79 pounds in 2021
£50,000 pounds in 2001 £74,798.93 pounds in 2021
£100,000 pounds in 2001 £149,597.86 pounds in 2021
£500,000 pounds in 2001 £747,989.28 pounds in 2021
£1,000,000 pounds in 2001 £1,495,978.55 pounds in 2021
Cumulative inflation From 2001 67.54%
Avg. annual inflation From 2001 2.49%
CPI 2001 74.6
CPI today 124.99

Value of Pound over time (by year)

Period Value
2001 100
2002 101.47
2003 102.82
2004 104.29
2005 106.43
2006 109.12
2007 111.66
2008 115.55
2009 117.83
2010 120.78
2011 125.47
2012 128.69
2013 131.64
2014 133.51
2015 134.05
2016 135.39
2017 138.87
2018 142.09
2019 144.5
2020 145.98
2021 149.6
2022-10 166.62
Today 167.54

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: