bakerstreet
Member
I watched an episode of the excellent Secrets of the London Underground.
It contained an item of history suggesting that - in 1988 - the cost of an adult one day all zone Travelcard was £2.
The current actual price for purchase in 2023 is £14.90 (1-6 cap) £15.20 (Off peak Travelcard 1-6)
Putting £2 into the Bank of England’s inflation calculator here
it calculates that £2 in 1988 is the equivalent of
in 2023.
I know that the BoE calculation is an average and of course some goods and services will see higher or lower increases than this.
But the differential really surprised me. Perhaps it shouldn’t have done.
Did you guess anywhere near?
It contained an item of history suggesting that - in 1988 - the cost of an adult one day all zone Travelcard was £2.
The current actual price for purchase in 2023 is £14.90 (1-6 cap) £15.20 (Off peak Travelcard 1-6)
Putting £2 into the Bank of England’s inflation calculator here
it calculates that £2 in 1988 is the equivalent of
£5.29
in 2023.
I know that the BoE calculation is an average and of course some goods and services will see higher or lower increases than this.
But the differential really surprised me. Perhaps it shouldn’t have done.
Did you guess anywhere near?