Year by year, in 2025 prices
| Year | £1 | 1 shilling | 1 penny | £100 |
|---|---|---|---|---|
| 1920 | £62.79 | £3.14 | £0.26 | £6,279 |
| 1921 | £68.77 | £3.44 | £0.29 | £6,877 |
| 1922 | £79.83 | £3.99 | £0.33 | £7,983 |
| 1923 | £84.95 | £4.25 | £0.35 | £8,495 |
| 1924 | £85.41 | £4.27 | £0.36 | £8,541 |
| 1925 | £85.41 | £4.27 | £0.36 | £8,541 |
| 1926 | £85.87 | £4.29 | £0.36 | £8,587 |
| 1927 | £88.26 | £4.41 | £0.37 | £8,826 |
| 1928 | £88.26 | £4.41 | £0.37 | £8,826 |
| 1929 | £89.25 | £4.46 | £0.37 | £8,925 |
Money in the 1920s
Prices hit a peak in 1920 and then fell steeply in the slump that followed. Britain returned to the gold standard in 1925, and the General Strike came in 1926.
Prices fell about 30% between 1920 and 1929. These figures compare the cost of everyday goods and services. Wages, house prices and the size of the economy all grew at different rates, so a 1920s salary or fortune would look bigger still if compared with what people earn or own today.
Source: Office for National Statistics composite price index (CDKO), Open Government Licence v3.0. Figures are rounded.
Other decades: 1800s · 1810s · 1820s · 1830s · 1840s · 1850s · 1860s · 1870s · 1880s · 1890s · 1900s · 1910s · 1920s · 1930s · 1940s · 1950s · 1960s · 1970s
Common questions
How much was £1 in 1920 worth today?
About £62.79 in 2025 prices, based on the ONS composite price index.
How much was £1 in 1925 worth today?
About £85.41 in 2025 prices.
How much was a shilling in 1925 worth today?
About £4.27. A shilling was 1/20 of a pound, or 5p in decimal money.