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Most interesting line if this article for me: > The ape cost £300, about £25,000 in today’s money (or about $34,000USD). Holy cow, has there been a 10,000% in
by matt_f 6y ago
Most interesting line if this article for me:
> The ape cost £300, about £25,000 in today’s money (or about $34,000USD).
Holy cow, has there been a 10,000% inflation of the value of a pound in one century?
- TazeTSchnitzel 6y agoWell, there were two world wars in the meantime?
- NeutronStar 6y agoWe also decoupled the dollar from gold.
- joshAg 6y agoNot as bad as 10,000%, but the bank of england estimates an average inflation rate of 4.2%[1], so it's within an order of magnitude. (25M - 300) / 300 is only like 8200%, but bank of england puts the current value of 300 1917 pounds at 21283.44 2020 pounds, which is "only" 6994% ([21283.44 - 300] / 300). [1]: https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator https://www.bankofengland.co.uk/monetary-policy/inflation/in... 300 pounds, 1917, and 2020.