£1 in 1843 is equivalent in purchasing power to about £1 in 1844. The pound had an average inflation rate of 0.00% per year between 1843 and 1844, producing a cumulative price increase of 0.00%. Purchasing power decreased by 0.00% in 1844 compared to 1843. On average, you would have to spend 0.00% more money in 1844 than in 1843 for the same item.

The 1843 inflation rate was -11.00%. The inflation rate in 1844 was 0.00%. The 1844 inflation rate is lower compared to the average inflation rate of 2.79% per year between 1844 and 2021.

Inflation rate is calculated by change in the composite price index (CPI). The CPI in 1844 was 8.90. It was 8.90 in the previous year, 1843. The difference in CPI between the years is used by the Office for National Statistics to officially determine inflation.

⌃

Average inflation rate | 0.00% |

Converted amount (£1 base) | £1 |

Price difference (£1 base) | £0.00 |

CPI in 1843 | 8.900 |

CPI in 1844 | 8.900 |

Inflation in 1843 | -11.00% |

Inflation in 1844 | 0.00% |

£1 in 1843 | £1 in 1844 |

Our calculations use the following inflation rate formula to calculate the change in value between 1843 and 1844:

CPI in 1844
CPI in 1843

×

1843 GBP value

=

1844 GBP value

Then plug in historical CPI values. The U.K. CPI was 8.9 in the year 1843 and 8.9 in 1844:

8.98.9

×

£1

=

£1 in 1843 has the same "purchasing power" or "buying power" as £1 in 1844.

To get the total inflation rate for the 1 years between 1843 and 1844, we use the following formula:

CPI in 1844 - CPI in 1843CPI in 1843

×

100

=

Plugging in the values to this equation, we get:

8.9 - 8.98.9

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- Queen Victoria appoints William Wordsworth as the new British Poet Laureate
- Edward Kavanagh becomes the first Catholic governor in the United States.
- Scotland's United Free Church is formed.

Raw data for these calculations comes from the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page: “Inflation Rate in 1844 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Oct. 2021, https://www.officialdata.org/UK-inflation-rate-in-1844.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Average inflation rate | 0.00% |

Converted amount (£1 base) | £1 |

Price difference (£1 base) | £0.00 |

CPI in 1843 | 8.900 |

CPI in 1844 | 8.900 |

Inflation in 1843 | -11.00% |

Inflation in 1844 | 0.00% |

£1 in 1843 | £1 in 1844 |