### 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

Another Computation?

##### 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/