Inflation cuts value of money by 67% in 30 years – and prices on everyday goods like bread, eggs and beer rise far faster


Ever find yourself harking back to ‘the old days’ when you got change from a pound for a loaf of bread, a pint cost pennies not pounds and buying property was relatively affordable? 

Well chances you’re not just remembering through rose-tinted glasses – everything was much cheaper, new research reveals.

A study by Lloyds TSB Private Banking has shown how the value of money has fallen by 67 per cent over the past 30 years, and has revealed the everyday items that have risen the most in price.

TODAY’S EQUIVALENT TO £100 IN THE PAST

 

£100 in… Equivalent spending power in 2012
1982 £299
1987 £238
1992 £175
1997 £154
2002 £138
2007 £117
2012 £100

Read more: http://www.dailymail.co.uk/money/bills/article-2283902/Inflation-cuts-value-money-67-30-years–prices-everyday-goods-like-bread-milk-beer-rise-far-faster.html#ixzz2LvLHdSow

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