Saturday, 17 December 2016

all change

I was reading a post where someone mentioned $1 seemed like a very small amount for an item in a story they had read.  A comment said this was set in 1966, and so would be about $7 today.

That seemed a very low inflation rate to me, having lived through the 1970s.  So I tried the linked inflation calculator.  £1 in 1966 is £17.46 in today’s money, which feels more plausible.  A combination of inflation and exchange rate changes.

(... although it will probably be more like £1746 in a few years time ...) 

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