Marcus Fox wrote:
"Mike" wrote in message
...
the readers of this newsgroup are of such an age that they can
answer this question.

What is the "Jackpot Pools Win of 1957 of £75,000" worth today, or,
putting it a different way, What would "£75,000 of today's money",
have been worth in 1957??

Using the retail price index - which goes up to 2002, it's worth
£1,220,033


another way is to look at a range of indices, da=t only goes to 2002
unfortunately, but....

In 2002, £75000 0s 0d from 1957 is worth:
£1,110,033.03 using the retail price index
£1,151,189.02 using the GDP deflator
£2,726,740.37 using average earnings
£3,070,106.13 using per capita GDP
£3,534,284.25 using the GDP


Descriptions of the Series
a.. The retail price index (RPI) shows the cost of goods and services
purchased by a typical household in one period relative to a base period. It
is best used when the monetary amount is the cost or price of a simple
product, such as a loaf of bread or a pair of shoes.
b.. The GDP deflator is an index of all prices in the economy. It is a
good measure for complex products, such as personal computers, or
commodities purchased by businesses, such as machinery.
c.. Average earnings are a logical measure for computing relative value of
wages, salaries, or other income or wealth. Per-capita GDP, the average
share of a person in the total income of the economy, is also indicated in
this context.
d.. GDP, the economy's total output of goods and services in money terms,
is the best measure for large-scale projects or expenditures, such as the
construction of a bridge or government expenditure on health care.
pk