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Value of 2006 British Pounds today

£100 in 2006
£153.55 in 2022

The inflation rate in the United Kingdom between 2006 and today has been 53.55%, which translates into a total increase of £53.55. This means that 100 pounds in 2006 are equivalent to 153.55 pounds in 2022. In other words, the purchasing power of £100 in 2006 equals £153.55 today. The average annual inflation rate between these periods has been 2.72%.

Inflation timeline in the United Kingdom (2006 - 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 2006-2021 37.1%
Cumulative inflation 2006-today 53.55%
Avg. Annual inflation 2006-2021 2.13%
CPI 2006 81.4
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 2006 and 2021, use the corresponding CPI values:

Value2021
=Value2006 ×
CPI2021/CPI2006
=£ 100 ×
111.6/81.4
£137.1

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

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=£ 100 ×
124.99/81.4
£153.55

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 15 years between 2006 and 2021 and the average inflation rate was 2.1259%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.021259)15
£137.1

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 2006 £1.37 pounds in 2021
£5 pounds in 2006 £6.86 pounds in 2021
£10 pounds in 2006 £13.71 pounds in 2021
£50 pounds in 2006 £68.55 pounds in 2021
£100 pounds in 2006 £137.1 pounds in 2021
£500 pounds in 2006 £685.5 pounds in 2021
£1,000 pounds in 2006 £1,371.01 pounds in 2021
£5,000 pounds in 2006 £6,855.04 pounds in 2021
£10,000 pounds in 2006 £13,710.07 pounds in 2021
£50,000 pounds in 2006 £68,550.37 pounds in 2021
£100,000 pounds in 2006 £137,100.74 pounds in 2021
£500,000 pounds in 2006 £685,503.69 pounds in 2021
£1,000,000 pounds in 2006 £1,371,007.37 pounds in 2021
Cumulative inflation From 2006 53.55%
Avg. annual inflation From 2006 2.72%
CPI 2006 81.4
CPI today 124.99

Value of Pound over time (by year)

Period Value
2006 100
2007 102.33
2008 105.9
2009 107.99
2010 110.69
2011 114.99
2012 117.94
2013 120.64
2014 122.36
2015 122.85
2016 124.08
2017 127.27
2018 130.22
2019 132.43
2020 133.78
2021 137.1
2022-10 152.7
Today 153.55

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: