£40 in 1981 is worth £148.69 today

148.69

The Impact of Inflation on value of £40 from 1981 to 2024

In 1913 the price of £40 is approximately equal to £148.69 in 2024. Prices changed by 3.31% (or £2.53) per year on average during that period. It means that every purchase will cost you 3.72 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 £40 in 1981 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 £40 in 1981 Worth Today?

  • Converted Amount: The £40 from 1981, adjusted for inflation, would be equivalent to £148.69 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 271.73%.
  • Average Inflation Rate: The average annual inflation rate between 1981 and 2024 has been 3.31%.
Inflation from 1981 to 2024
Cumulative price change 271.73%
Average inflation rate 3.31%
Converted amount 148.69
Price difference 108.69
CPI in 1981 35.58
CPI in 2024132.26
Inflation in 198111.43%
Inflation in 20241.35%
40 in 1981148.69 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1981: 35.58
  • CPI in 2024: 132.26

Inflation Rate at 1981 and 2024

  • Inflation in 1981: 11.43%
  • Inflation in 2024: 1.35%

Price Difference

  • The price difference between 1981 and 2024 is £108.69.

1981 to 2024 Inflation Calculator

To understand the transformation of £40 from 1981 into 2024 British Pounds, consider the following table:

YearCPIInflation rateValue in 2024
198135.5811.43%£40
2024132.261.35%£148.69

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

Buying Power of £40 in 1981

£40 in the year 1981 is now worth £148.69 in 2024, showing a substantial increase of £108.69 over the years. This change underscores how the average inflation rate of 3.31% annually has eroded the purchasing power of the British Pound.

Inflation from 1981 to 2024
Cumulative price change 271.73%
Average inflation rate 3.31%
Converted amount 148.69
Price difference 108.69
CPI in 1981 35.58
CPI in 2024132.26
Inflation in 198111.43%
Inflation in 20241.35%
40 in 1981148.69 in 2024