3 ms·

£20 in 2020 was £10 in 1994 - 26 years ago. £20 in 1994 was £10 in 1981 - 13 years before. £20 in 1981 was £10 in 1975 Before that 1969 and 1950 So that’s d

£20 in 2020 was £10 in 1994 - 26 years ago. £20 in 1994 was £10 in 1981 - 13 years before. £20 in 1981 was £10 in 1975 Before that 1969 and 1950 So that’s doubling in 19,6,6,13,26 So inflation is at long time record lows despite the last period including the 08 crash and covid

albertgoeswoof 6y ago
Excluding housing and university fees, because that’s magic money
- dkdbejwi383 6y ago
  I thought we chopped down all the magic money trees?
  - mhh__ 6y ago
    The magic money tree only applies if you are buddies with members of the cabinet, silly. https://sophieehill.shinyapps.io/my-little-crony/ https://sophieehill.shinyapps.io/my-little-crony/
- midasuni 6y ago
  Fees were a problem back in 1999 but they creased to be an issue in 2005 when they were added to income contingent repayments. Other tax rates or indeed disposable income isn’t included in that measure CPIH figure includes houses, under that £20 today was £10 in 1990, so even lower.
lifeisstillgood 6y ago
I am not sure about this. I know there is a lot of controversy over inflation measures (mostly the basket of goods used, impact of tech in holding down the basket) I take a unscientific approach in that I had a bar menu from 1971 (my birth year) showing the prices in old and new money. A pint of Skol was 5 new pennies in 1971, and today you can find an equivalent pint of lager at about 5 pounds. So that's 100 fold increase in my lifetime. A lot of that came out of the 70's and early 80s but current inflation does, anecdotally, seem higher than 1-2% a year.
- midasuni 6y ago
  Not based on my family outgoings, but if you want to use gut feeling rather than scientific measures that’s fine. Ale prices themselves have increased 73% since 2000, lager 85%, according to beerandpub.com Annecdoatally in 2002 I was paying £1.60 in a student bar in the south west. Earlier this year I paid over £5.50 in a sam smiths in london, you might think it’s increased, but those were two very different pubs though. London prices are far higher than the majority of the country, and the range is even higher now. Perhaps CPI should be measured on a regional basis, as rents in london increased due to high demand and high paying jobs, prices of goods and services had to also. Since 2008 according to the British beer and pub association, annual beer inflation has been 2.8%. The most expensive beer since 2008 has increased on average 5% a year. Beer will be higher inflation than other measures like Big Macs as the tax has increased on it - both duty and vat. Pre tax beer prices were 1.43 in 2002, 1.91 in 2008 and 2.42 in 2019. That’s an 08-19 increase of 2.2%

albertgoeswoof 6y ago

Excluding housing and university fees, because that’s magic money

dkdbejwi383 6y ago
I thought we chopped down all the magic money trees?
- mhh__ 6y ago
  The magic money tree only applies if you are buddies with members of the cabinet, silly. https://sophieehill.shinyapps.io/my-little-crony/ https://sophieehill.shinyapps.io/my-little-crony/
midasuni 6y ago
Fees were a problem back in 1999 but they creased to be an issue in 2005 when they were added to income contingent repayments. Other tax rates or indeed disposable income isn’t included in that measure CPIH figure includes houses, under that £20 today was £10 in 1990, so even lower.

lifeisstillgood 6y ago

I am not sure about this. I know there is a lot of controversy over inflation measures (mostly the basket of goods used, impact of tech in holding down the basket) I take a unscientific approach in that I had a bar menu from 1971 (my birth year) showing the prices in old and new money. A pint of Skol was 5 new pennies in 1971, and today you can find an equivalent pint of lager at about 5 pounds. So that's 100 fold increase in my lifetime. A lot of that came out of the 70's and early 80s but current inflation does, anecdotally, seem higher than 1-2% a year.

midasuni 6y ago
Not based on my family outgoings, but if you want to use gut feeling rather than scientific measures that’s fine. Ale prices themselves have increased 73% since 2000, lager 85%, according to beerandpub.com Annecdoatally in 2002 I was paying £1.60 in a student bar in the south west. Earlier this year I paid over £5.50 in a sam smiths in london, you might think it’s increased, but those were two very different pubs though. London prices are far higher than the majority of the country, and the range is even higher now. Perhaps CPI should be measured on a regional basis, as rents in london increased due to high demand and high paying jobs, prices of goods and services had to also. Since 2008 according to the British beer and pub association, annual beer inflation has been 2.8%. The most expensive beer since 2008 has increased on average 5% a year. Beer will be higher inflation than other measures like Big Macs as the tax has increased on it - both duty and vat. Pre tax beer prices were 1.43 in 2002, 1.91 in 2008 and 2.42 in 2019. That’s an 08-19 increase of 2.2%