Value of £100 from 1992 to 1993
£100 in 1992 is equivalent in purchasing power to about £101.59 in 1993. The pound had an average inflation rate of 1.59% per year between 1992 and 1993, producing a cumulative price increase of 1.59%.
This means that prices in 1993 are 1.02 times as high as average prices since 1992, according to the Office for National Statistics composite price index.
The inflation rate in 1992 was 3.74%. The inflation rate in 1993 was 1.59%. The 1993 inflation rate is lower compared to the average inflation rate of 3.07% per year between 1993 and 2024.
⌃
| Average inflation rate | 1.59% |
| Converted amount £100 base | £101.59 |
| Price difference £100 base | £1.59 |
| CPI in 1992 | 546.400 |
| CPI in 1993 | 555.100 |
| Inflation in 1992 | 3.74% |
| Inflation in 1993 | 1.59% |
| £100 in 1992 | £101.59 in 1993 |
How to calculate inflation rate for £100, 1992 to 1993
Our calculations use the following inflation rate formula to calculate the change in value between 1992 and 1993:
CPI in 1993 CPI in 1992
×
1992 GBP value
=
1993 GBP value
Then plug in historical CPI values. The U.K. CPI was 546.4 in the year 1992 and 555.1 in 1993:
555.1546.4
×
£100
=
£101.59
£100 in 1992 has the same "purchasing power" or "buying power" as £101.59 in 1993.
To get the total inflation rate for the 1 years between 1992 and 1993, we use the following formula:
CPI in 1993 - CPI in 1992CPI in 1992
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
555.1 - 546.4546.4
×
100
=
2%
Data source & citation
Raw data for these calculations comes from the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for the current year, which is based on The Bank of England's forecast.
You may use the following MLA citation for this page: “1992 pounds in 1993 | UK Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 Nov. 2024, https://www.officialdata.org/1992-GBP-in-1993.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Average inflation rate | 1.59% |
| Converted amount £100 base | £101.59 |
| Price difference £100 base | £1.59 |
| CPI in 1992 | 546.400 |
| CPI in 1993 | 555.100 |
| Inflation in 1992 | 3.74% |
| Inflation in 1993 | 1.59% |
| £100 in 1992 | £101.59 in 1993 |