Thursday, 26 February 2015

Beer £46.52 a pint

The Office of National Statistics recently told us that the Consumer Prices Index is falling due mainly to the collapse in  the oil market and a reduction in food prices. The graph they published shows that quite well.
Figure A: Contribution of food and motor fuel prices to the CPI 12-month rate: October 2009 to October 2014














It was a much lower key item which caught my eye - a comparison of prices of staple foods over the past 100 years.   I have tabulated the figures below and added the final column which is a prediction of prices in 2114 made by Lloyds Bank. How they arrived at these figures I have no idea as the past 100 years are hardly a consistent guide



1914
1964
2014
2114









Cheddar Cheese per 1b
£0.04
£0.16 4.0 £3.64 22.8 £57.68









Pint draught beer
£0.01
£0.11 11.0 £2.94 26.7 £46.52









Dozen standard eggs
£0.08
£0.10 1.3 £2.60 26.0 £41.14









Large loaf bread
£0.01
£0.06 6.0 £1.35 22.5 £21.36









Pint milk
£0.01
£0.04 4.0 £0.46 11.5 £7.28

1 comment:

  1. A prediction by Lloyd's Bank? Oh I think we can trust their judgment and business acumen can we not?

    ReplyDelete

Comments will be removed if considered inappropriate