The Impact of Inflation on value of £18 from 1975 to 2024
In 1913 the price of £18 is approximately equal to £147.41 in 2024. Prices changed by 4.89% (or £2.64) per year on average during that period. It means that every purchase will cost you 8.19 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 £18 in 1975 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 £18 in 1975 Worth Today?
- Converted Amount: The £18 from 1975, adjusted for inflation, would be equivalent to £147.41 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 718.95%.
- Average Inflation Rate: The average annual inflation rate between 1975 and 2024 has been 4.89%.
| Cumulative price change | 718.95% |
| Average inflation rate | 4.89% |
| Converted amount | 147.41 |
| Price difference | 129.41 |
| CPI in 1975 | 16.15 |
| CPI in 2024 | 132.26 |
| Inflation in 1975 | 25.68% |
| Inflation in 2024 | 1.35% |
| 18 in 1975 | 147.41 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1975: 16.15
- CPI in 2024: 132.26
Inflation Rate at 1975 and 2024
- Inflation in 1975: 25.68%
- Inflation in 2024: 1.35%
Price Difference
- The price difference between 1975 and 2024 is £129.41.
1975 to 2024 Inflation Calculator
To understand the transformation of £18 from 1975 into 2024 British Pounds, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1975 | 16.15 | 25.68% | £18 |
| 2024 | 132.26 | 1.35% | £147.41 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of £18 in 1975
£18 in the year 1975 is now worth £147.41 in 2024, showing a substantial increase of £129.41 over the years. This change underscores how the average inflation rate of 4.89% annually has eroded the purchasing power of the British Pound.