Find out what any amount of money is worth in today's terms using official UK CPI data back to 1988.
£100.00 in 2000 is equivalent to
£210.26
in 2024
Total change
+110.3%
purchasing power
Avg annual inflation
3.15%
per year
Years spanned
24
2000 to 2024
Based on UK CPI (Consumer Prices Index) data from the Office for National Statistics. Data covers 1988 to 2024.
The Consumer Prices Index (CPI) measures the average change in prices of a 'basket' of goods and services over time. It is the UK's primary measure of inflation and is produced monthly by the Office for National Statistics (ONS).
The Retail Prices Index (RPI) is an older measure that includes housing costs such as mortgage interest payments, which CPI excludes. RPI tends to run slightly higher than CPI. Student loan interest (Plan 1) and some rail fare increases are linked to RPI.
The Bank of England has a mandate to keep CPI inflation at 2% per year. When inflation is above target, the Bank typically raises interest rates to cool spending. When below target, it may cut rates to stimulate the economy.
If your savings account pays less interest than the current inflation rate, your money is losing purchasing power in real terms even if the nominal balance grows. A 5% savings rate during 10% inflation means you are getting poorer in real terms.
Real wage growth occurs only when pay rises faster than inflation. Between 2010 and 2023, UK real wages were largely stagnant because pay increases often failed to keep pace with CPI. This is a key driver of reduced living standards.
See what an amount of money from any year since 1988 is worth in today's terms, adjusted for UK inflation using official CPI data.
£100 in 2000
Approximately £210 in 2024 (110% increase)
£1,000 in 1990
Approximately £3,170 in 2024 (217% increase)
£500 in 2019
Approximately £666 in 2024 (33% increase)
The Bank of England inflation calculator goes back to 1209 — over 800 years of price data. A basket of goods costing £1 in 1750 would cost roughly £200 today.
The calculator uses UK Consumer Prices Index (CPI) data published by the Office for National Statistics (ONS). CPI measures the average change in prices of a representative basket of goods and services bought by households, including food, clothing, energy, housing costs, and transport. The data covers annual averages from 1988 to 2024.
The modern UK CPI series starts in the late 1980s. Earlier UK inflation data exists but uses different methodologies (primarily RPI). Starting from 1988 ensures consistent, comparable data across the full date range. If you need data going back further, the Bank of England's own inflation calculator covers prices from 1209 using a composite index.
CPI (Consumer Prices Index) is the UK's main inflation measure and excludes housing costs such as mortgage interest and council tax. RPI (Retail Prices Index) is an older measure that includes these housing costs and therefore tends to run higher than CPI. Student loan interest on Plan 1 and some rail fares are linked to RPI rather than CPI.
The formula is: Adjusted value = Original amount × (Target year CPI ÷ Original year CPI). For example, £100 in 2000 (CPI: 49.7) adjusted to 2024 (CPI: 104.5) equals £100 × (104.5 ÷ 49.7) = approximately £210. This tells you that £100 in 2000 has the same purchasing power as £210 today.
Yes. If your savings account pays less interest than the current inflation rate, your money loses purchasing power in real terms even though the nominal balance grows. For example, 3% savings interest during 7% inflation means your real return is approximately −4%. This is why investing in assets that historically outpace inflation (like equities) is recommended for long-term goals.