Remembrance Day and the impact of inflation

a good post about inflation and rememberance sunday.

averagemoneyman

remembrance-day

It’s Remembrance Day; a time to reflect on the incredible sacrifices made by all those who made the ultimate sacrifice for the liberty we enjoy today.

I have a personal connection to this annual event through my grandfather, who served on HMS Ulster during World War II, taking part in 3 invasion landings (including D-Day itself), so I wanted to use this platform to pay homage to all those involved in the small way I can.

So let’s take a look at how inflation has affected our spending since the Armistice in 1918…

Item

Average price in 1918 (£)

What is that worth in 2019 (£)

House

195

12,188

Fuel (per litre)

0.44

2.49

Average salary

133

8,303

Car

250

15,625

Bread (loaf)

0.02

1.00

Milk (1 pint)

0.06

3.75

Bacon (400g)

0.12

7.25

Put simply, inflation effectively shrinks the buying power of our money over time.

In order to…

View original post 729 more words

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