According to BBC Top Gear's Jeremy Clarkson petrol at over £1 a litre is cheap...
...well compared with bull semen at £24,000 a litre, he claims.
And he maybe right, but it got me thinking: What's your measure? How do you compare the price of things?
For instance, a pint of beer is the same as 10 second-class stamps??
I think the BBC did something similar last week on its Radio Five Live breakfast programme.
So what's your measure for things agricultural?
Comments (1)
It is interesting to look at things like the price of bread and milk over long periods of time, if you're a consumer not a producer. Hansard has an interesting (if practically useless) record of inflation from 1750 to 1998... The key points are
· This paper presents a price index covering the period 1750 to 1998 to illustrate the way in
which the purchasing power of the pound has changed over the long-term.
· Over the period as a whole, prices have risen by around 118 times. Thus one (decimal)
penny in 1750 would have had greater purchasing power than a pound in 1998.
· Since 1945 prices have risen in every year with an aggregate rise of over 22 times. By
contrast, prices were lower in 1939 than in 1919.
Bear in mind that Mills were valued in Shillings (units of 5p now) in the Domesdaybook.
Here's the link, enjoy yourselves
http://www.parliament.uk/commons/lib/research/rp99/rp99-020.pdf
Comment left on November 27, 2007 11:41 AM
Posted on November 27, 2007 11:41