It only goes back to 1900, but that would be £661,217.55
Co-ordinator for PoW project Southern Region 08 Researching:- Wieland, Habbes, Saettele, Bowinkelmann, Freckenhauser, Dilger in Germany
Kincaid, Warner, Hitchman, Collie, Curtis, Pocock, Stanley, Nixey, McDonald in London, Berks, Bucks, Oxon and West Midlands
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There isn't a single easy answer to that ...it depends on how you look at it. Earnings, prices and purchasing power have changed at different rates - one of the reasons why our standard of living (for most people) is much higher now than 100 years ago.
If you just measure inflation according to RPI, then £6,537 worth of goods in 1898 would cost about £568,000 (up to 2010). If you looked at it from an earnings point of view, then someone earning that amount in 1898 would now be earning about £2.3million.
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Cheers Paul..will bookmark that. This is the amount left in a will my a relative who was in the workhouse till he was 12 and trained as a tailor eventually on 1891 census employing 22 men. Must have taken a lot of hard work
Try our online currency converter and find out how many animals, stones of wool and quarters of wheat you can buy, and how much you could earn.
But unlike TNA, at least AntonyM's suggested website discusses the various methods and problems. This other website links to several websites which cover this subject in the UK.
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