£100 in 1998 is worth £247 today
What pounds from 1998 are worth in 2025 money, adjusted for inflation with the official price index from the UK Office for National Statistics.
1998 money in 2025 money
- Prices since
- +147.2%
- Per year
- +3.41% compounded
- Multiplier
- ×2.472
| In 1998 | Worth in 2025 |
|---|---|
| £1 | £2.47 |
| £5 | £12.36 |
| £10 | £24.72 |
| £20 | £49.44 |
| £50 | £124 |
| £100 | £247 |
| £1,000 | £2,472 |
| £10,000 | £24,721 |
UK Office for National Statistics — Retail Prices Index: long run series, Jan 1974 = 100. Retrieved 2026-08-06. Open in the calculator to compare any two years.
Inflation in 1998
Prices in the UK rose 3.4% during 1998 — close to the middle of the range in this series, 79th highest of 225. Across the 1990s, prices rose an average of 3.7% a year, peaking at 9.5% in 1990.
| Year | Rate | Bar |
|---|---|---|
| 1990 | +9.5% | |
| 1991 | +5.9% | |
| 1992 | +3.7% | |
| 1993 | +1.6% | |
| 1994 | +2.4% | |
| 1995 | +3.5% | |
| 1996 | +2.4% | |
| 1997 | +3.1% | |
| 1998 | +3.4% | |
| 1999 | +1.5% |
How far the pound has fallen since 1998
A pound in 2025 buys about 40.5% of what one bought in 1998, a loss of 59.5% of its buying power. Prices had doubled from their 1998 level by 2022, 24 years later. Read the other way, here is what today's money would have been in 1998:
| In 2025 | Same as, in 1998 |
|---|---|
| £10 | £4.05 |
| £20 | £8.09 |
| £50 | £20.23 |
| £100 | £40.45 |
| £1,000 | £405 |
| £10,000 | £4,045 |
What these numbers can and cannot tell you
The figures compare the price index in 1998 with 2025: the cost of the same broad basket of goods and services, averaged across each year. That is the right measure for "what would this amount be in today's money" — a wage, a price, an inheritance. It is not a measure of what any particular thing cost: housing, education, and healthcare have mostly risen faster than the average, while electronics and clothing have risen far slower or fallen. And it says nothing about exchange rates, so it cannot turn 1998 pounds into another currency.
Common questions
How much is £100 from 1998 worth today?
£100 in 1998 is worth about £247 in 2025 money, adjusted with the official price index published by the UK Office for National Statistics. Prices have risen 147.2% over that span, an average of 3.41% a year compounded.
What was the inflation rate in 1998?
Prices in the UK rose 3.4% during 1998 — close to the middle of the range in this series, 79th highest of 225. That is the change in the annual average of the index from 1997 to 1998, which is the basis statistics agencies use for long-run comparison; a news headline quoting a twelve-month change at a particular point in 1998 may differ.
How much buying power has the pound lost since 1998?
About 59.5%. Put the other way round, £100 in 2025 would have bought what £40.45 bought in 1998. Prices had doubled from their 1998 level by 2022, 24 years later.
1998 in other countries: United States , Canada , Australia , New Zealand .