Computing 'Real Value' Over Time With a Conversion Between U.K. Pounds and U.S. Dollars, 1791 to Present

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When using the CPI/RPI, the (average) value in 2014 of £115 from 1931 is $9193.55. The range of values is from $6279.88 to $12873.75. This answer is better if the subject is a consumer good or something else of interest to an individual.

When using the GDP deflator, the (average) value in 2014 of £115 from 1931 is $8037.46. The range of values is from $5014.91 to $12677.11. This answer is better if the subject is a capital investment or government expenditure


Value in 2014 of £115 from 1931
Converted inConverted usingAverage dollar price
per pound that year
CPI / RPIGDP Deflator
1931$8106.62$6636.714.535
1932$6839.41$5683.103.506
1933$8518.47$6934.464.237
1934$9805.55$7779.035.039
1935$9513.95$7462.834.902
1936$9764.32$7562.734.971
1937$9869.90$7417.994.944
1938$10052.23$7759.344.889
1939$9526.48$7309.554.435
1940$9247.59$6898.203.830
1941$10224.45$7522.434.032
1942$9825.11$7516.644.035
1943$9593.69$7508.344.035
1944$9628.62$7760.834.035
1945$9596.78$7692.044.030
1946$9204.36$7039.514.033
1947$8526.68$6930.384.029
1948$8515.88$6980.994.031
1949$8093.98$6605.983.687
1950$6279.88$5014.912.801
1951$6347.20$5069.092.800
1952$6763.04$5324.872.793
1953$6966.88$5389.842.813
1954$7060.51$5384.852.809
1955$7348.21$5512.862.791
1956$7624.08$5707.112.796
1957$7612.57$5743.382.793
1958$7693.29$5859.122.810
1959$7659.22$5823.012.809
1960$7615.56$5810.732.808
1961$7782.50$5938.312.802
1962$8046.25$6089.612.808
1963$8078.06$6078.922.800
1964$8213.38$6184.702.792
1965$8464.07$6440.222.796
1966$8544.57$6585.442.793
1967$8391.27$6496.552.750
1968$7337.63$5645.052.394
1969$7325.12$5714.682.390
1970$7377.35$5967.502.396
1971$7895.59$6274.602.444
1972$8378.87$6620.582.501
1973$8434.31$6694.662.451
1974$8419.89$6810.872.340
1975$9101.12$7459.722.222
1976$8147.25$6634.481.805
1977$8572.11$6874.001.745
1978$9482.36$7891.441.918
1979$10691.44$9227.902.122
1980$12180.45$11145.592.326
1981$10742.44$9956.002.024
1982$9494.72$8741.431.748
1983$8344.31$7699.271.516
1984$7405.96$6892.321.337
1985$7359.41$6842.531.297
1986$8455.96$7932.751.468
1987$9494.21$9112.441.640
1988$10386.09$10122.331.781
1989$9821.84$9648.311.638
1990$11109.16$10940.081.784
1991$11178.70$11170.081.767
1992$11251.59$11248.821.766
1993$9439.45$9589.471.502
1994$9614.17$9691.771.532
1995$9969.97$10022.391.579
1996$9804.72$10127.201.561
1997$10373.13$10543.711.638
1998$10686.72$10669.811.657
1999$10360.64$10347.661.617
2000$9673.04$9680.581.516
2001$9092.52$9076.751.440
2002$9496.67$9532.091.502
2003$10395.47$10428.261.635
2004$11690.63$11670.451.833
2005$11548.48$11540.171.820
2006$11689.80$11684.341.843
2007$12873.75$12677.112.002
2008$11940.77$11845.201.855
2009$10067.81$10077.491.566
2010$10223.68$9983.111.545
2011$10826.12$10356.991.604
2012$10816.25$10200.041.586
2013$10837.36$10077.701.564
2014$11504.48$10602.711.649
Average$9193.55$8037.46 

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Citation

Lawrence H. Officer and Samuel H. Williamson, "Computing 'Real Value' Over Time With a Conversion Between U.K. Pounds and U.S. Dollars, 1791 to Present", MeasuringWorth, URL http://www.measuringworth.com/exchange/

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