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Dave Plowman (News) Dave Plowman (News) is offline
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Default Soldering Iron for Computer Cables

In article ,
John Rumm wrote:
Alan wrote:


Youngster too - I used to pay 1/5d (ca. 7p) a pint when I (legally)
started drinking...


http://www.amac.f2s.com/Beer_price/
In the days when breweries printed the list rather than a chalk board
which can be changed every 5 minutes


An interesting exercise is to try and translate that into today's money.
Take the "old strong" at 2/4 per pint. If you try the calculator at:


http://www.measuringworth.com/


it translates to:


£1.38 using the retail price index
£1.41 using the GDP deflator
£2.64 using the average earnings
£3.13 using the per capita GDP
£3.44 using the share of GDP


(obviously those don't take into account the changes in duty)


It's quite interesting to compare 'headline' prices over the years. Of
course it depends on where you set the benchmark. I tend to make that
roughly when I left school and started having to pay for stuff myself. And
I suppose more adult things.

Here are some rounded up to a convenient amount and converted to decimal.

A reasonable working man's wage - 10 quid a week.
Beer 10p
Fags 25p
Petrol 23p

The relationship between those commodities is still much the same - but
have near halved compared to that 'reasonable' wage.

What has changed dramatically is the costs of consumer goods. At about
that time my parents paid about 100 quid for the 'top of the range' TV set
from Bush. Now that same set would be perhaps twice that weekly wage
rather than 10 times.

--
*Most people have more than the average number of legs*

Dave Plowman London SW
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