2006-11-19 09:32:21 · 6 answers · asked by stevewalkerhome 1 in Business & Finance ➔ Other - Business & Finance
IT ALL DEPENDS ON WHAT YOU ARE BUYING..IN 1980 A VIDEO PLAYER WOULD HAVE COST YOU £300 NOW YOU CAN GET THEM FOR £15
2006-11-19 09:38:12 · answer #1 · answered by michael b 5 · 0⤊ 0⤋
I have the official data.
£150 in May 1980 would be worth £456 in May 2006.
Regards
2006-11-19 12:24:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Long term inflation rates have typically averaged around 4.5%,
which, compounded over the 26 years from 1980 to now is about
£450.81
2006-11-19 09:39:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That Joint of Lamb bought for 3shillings and sixpence in 1963 would depend on if it was a whole Leg or Whole Shoulder of Lamb or Half Joints.
A Whole leg today would probably be £7.50 to £11.
A whole Shoulder about £ 5.50 to £7 and half of the price for half joints,but it would also depend on where they were bought.
A Supermarket would probably be a lot Cheaper than in a Butchers, that's if you could find a Family Butchers Shop these Day's.
2006-11-19 09:51:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I can tell you that in 1963 I bought my first joint of lamb as a married woman for three shillings and six pence (3s 6d) which is seventeen and a half pence in todays money!
Work out the inflation on that one;-)
in answer to ynnetc below:
Joint of lamb = whole leg of lamb, purchased from a family butcher's shop... all butcher's in my day were separate businesses... the supermarket concept was in its infancy!
2006-11-19 09:39:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
That totally depends on what it is. Think computers or cars.
And 'standard' inflation, which country?
2006-11-19 09:36:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋