Purchase Power Decades Summary

Equivalent Contemporary Values Of The Pound: A Historical Series 1270 To November 2000
(Source: Bank Of England)

Contemporary Values Of The Pound: Historical Series To Nov. 2000
TABLE 5: DECADES 1690-Nov.2000	YEAR	11/2000 VALUE	Decade Purchase Power % Change	YEAR	11/2000 VALUE	Decade Purchase Power % Change
November 2000 purchasing power £1.00 This shows changes in the value of money over the past seven centuries and gives the amount of money required at November 2000 to purchase the goods bought by £1 at the dates shown on the table. Thus, in the period 1970-1980 the purchasing power of the pound declined by 72.3%.	1690 1700 1710 1720 1730 1740 1750 1760 1770 1780 1790 1800 1810 1820 1830 1840	£81.95 £74.83 £71.71 £78.23 £81.95 £81.95 £81.95 £71.71 £59.34 £59.34 £53.78 £30.19 £28.68 £35.12 £41.98 £37.41	- 8.7% - 4.2% + 9.1% + 4.8% - - - 12.5% - 17.3% - - 9.4% - 43.9% - 5.0% + 22.5% + 19.5% - 10.9%	1850 1860 1870 1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 Nov 2000	£49.17 £44.13 £43.03 £45.29 £53.78 £55.52 £50.62 £19.12 £30.19 £32.47 £20.49 £13.88 £9.30 £2.58 £1.36 £1.00	+ 31.4% - 10.3% - 2.5% + 5.3% + 18.7% + 3.2% - 8.8% - 62.2% + 57.9% + 7.6% - 36.9% - 32.3% - 33.0% - 72.3% - 47.3% - 26.5%
The RPI is based on the combined cost of a number of specific goods and does not take into account other factors relevant to a comparison of values: for example, the cost of real property or the level of wages. We know of no figures incorporating all possible factors. SOURCE: Bank Of England