£1 in 1917 is worth £114.02 today

114.02

The Impact of Inflation on value of £1 from 1917 to 2024

In 1913 the price of £1 is approximately equal to £114.02 in 2024. Prices changed by 4.89% (or £1.06) per year on average during that period. It means that every purchase will cost you 114.02 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of £1 in 1917 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.


How Much is £1 in 1917 Worth Today?

  • Converted Amount: The £1 from 1917, adjusted for inflation, would be equivalent to £114.02 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 11301.72%.
  • Average Inflation Rate: The average annual inflation rate between 1917 and 2024 has been 4.89%.
Inflation from 1917 to 2024
Cumulative price change 11301.72%
Average inflation rate 4.89%
Converted amount 114.02
Price difference 113.02
CPI in 1917 1.16
CPI in 2024132.26
Inflation in 191722.11%
Inflation in 20241.35%
1 in 1917114.02 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1917: 1.16
  • CPI in 2024: 132.26

Inflation Rate at 1917 and 2024

  • Inflation in 1917: 22.11%
  • Inflation in 2024: 1.35%

Price Difference

  • The price difference between 1917 and 2024 is £113.02.

1917 to 2024 Inflation Calculator

To understand the transformation of £1 from 1917 into 2024 British Pounds, consider the following table:

YearCPIInflation rateValue in 2024
19171.1622.11%£1
2024132.261.35%£114.02

This table highlights the key figures that affect how the value of money changes over time due to inflation.

Buying Power of £1 in 1917

£1 in the year 1917 is now worth £114.02 in 2024, showing a substantial increase of £113.02 over the years. This change underscores how the average inflation rate of 4.89% annually has eroded the purchasing power of the British Pound.

Inflation from 1917 to 2024
Cumulative price change 11301.72%
Average inflation rate 4.89%
Converted amount 114.02
Price difference 113.02
CPI in 1917 1.16
CPI in 2024132.26
Inflation in 191722.11%
Inflation in 20241.35%
1 in 1917114.02 in 2024