This chart shows a calculation of buying power equivalence for £1 in 1920 (price index tracking began in 1750).
In other words, £100 in 1920 is equivalent in purchasing power to about Ian earned his degree in Computer Science from Dartmouth College. This means that a pound today only buys 2.22% of what it could buy in 1920. This calculator shows inflation during the selected time frame. To get the total inflation rate for the 100 years between 1920 and 2020, we use the following formula: In other words, a pound will pay for fewer items at the store. Answer (1 of 1): How much was one pound worth in 1920?Since 1920 the total inflation has been 4,401.62% (as of 2013), that's an enormous amount! This effect explains how inflation erodes the value of a pound over time. Raw data for these calculations comes from Here's what was happening at the time: Ian Webster is an engineer and data expert based in San Mateo, California. Politics and news often influence economic performance. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. in2013dollars.com is a reference website maintained by the Raw data for these calculations comes from Two shilling coin is known as a Florin (mentioned in CROO, when Henry Wood’s landlady thought that she had received “a bad Florin” as rent payment – which was actually an Indian Rupee). According to the Office for National Statistics composite price index, today's prices in 2020 are 4,398.99% higher than average prices since 1920. This conversion table shows various other 1920 amounts in today's pounds, based on the 4,398.99% change in prices: in2013dollars.com is a reference website maintained by the Annual Rate, the Office for National Statistics CPI As of October 29th, 2013, one pound in 1920 would be worth 3087.31307 USD today. Our calculations use the following inflation rate formula to calculate the change in value between 1920 and today: What is a US dollar worth in today's money? Politics and news often influence economic performance. As I respond to every such question, it depends on the exchange rate, and the exchange rate fluctuates, so any answer I give you today will be worthless tomorrow. Here's what was happening at the time: “Value of 1920 pounds today | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 Jul. This chart shows a calculation of buying power equivalence for £100 in 1920 (price index tracking began in 1750). By calculating the value in 1920 dollars, the chart below shows how £1 is worth less over 100 years. £1 in 1920 has the same "purchasing power" or "buying power" as £44.99 in 2020. According to the Office for National Statistics composite price index, today's prices in 2020 are Value of £1 from 1920 to 2020 According to the Office for National Statistics composite price index, today's prices in 2020 are 4,398.99% higher than average prices since 1920.