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My regular go-to for getting a feeling for the value of old GBP and USD prices is measuringworth.com, which gives a range of values based on not just the regula
by iggldiggl 4y ago
My regular go-to for getting a feeling for the value of old GBP and USD prices is measuringworth.com, which gives a range of values based on not just the regular consumer price index-based inflation, but also some additional indices, like the evolution of wages and GDP. As measured by the latter two, the cost of the Titanic might have been rather more like somewhere between 600 to 1,500 million pounds:
https://www.measuringworth.com/calculators/ukcompare/relativevalue.php?amount=1500000&year_source=1911&year_result=2021 https://www.measuringworth.com/calculators/ukcompare/relativ...
(Edit: Somewhat funnily, it seems one of the help pages on measuringworth.com actually uses the example of the Titanic: https://www.measuringworth.com/tutorial4.php https://www.measuringworth.com/tutorial4.php)