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How prices changed over 30 years

The price of a pint has jumped from 3p to !3."# in a survey that highlights the falling value of money.
By Andrew Oxlade 3$% &' ('T )* +eb )0"3

The falling value of money was underlined today by a study that showed a two thirds ,- pc. fall over the last 30 years. &urchasing power has been crushed by the spiralling cost of everyday costs. The cost of a pint of beer has risen from 3p to !3."# between "/#) and )0")0 according to the research by 1loyds T23 &rivate 3anking. 4lcohol prices have been pushed up far more than inflation due to steeply rising duty. 4 three-fold increase in retail prices means that someone would need !)// today to have the e5uivalent purchasing power of !"00 back in "/#)0 the year in which the 6uke of 7ambridge was born and 7ulture 7lub and 3ucks +i88 had number one singles. The research suggested that if inflation rises in line with government targets0 someone will need to have !))/ in their back pocket in )0%) to have the same spending power as !"00 now. 9ts analysis of official and commercial figures found that a loaf of bread has increased more than three-fold in the last three decades0 from 3 p in "/#) to !".)% by )0"). 6espite a sluggish market in recent years0 average house prices have soared by si: times over the period0 from !%*0)"" to !) 30 00. The price of a pint of milk has increased at a slower rate0 doubling from )0p 30 years ago to %-p. The purchasing power of cash has eroded at an average rate of 3. pc a year over the past 30 years.

;itesh &atel0 an economist at 1loyds T23 &rivate 3anking0 said$ <2omeone today would need nearly !300 to have the same spending power of !"00 in "/#)0 meaning someone breaking the million pound mark 30 years ago would have the e5uivalent of !3m today. <1ooking to the future0 even if inflation is kept firmly under control and rises only in line with the (overnment=s target0 it is likely that the value of money will continue to reduce significantly and decline by more than half its value by )0%).< The results will be particularly for poignant for savers who have seen their nest eggs attacked by inflation in recent years. >eturns on accounts0 which should protect the value of savings0 have been rock bottom for nearly four years. +alling sterling0 which has come under fresh pressure after a credit downgrade by 'oody=s on +riday0 has also been in long-term decline against many countries0 which erodes the buying power of holidaymakers and those looking to move abroad. Everyday goods 6raught lager0 per pint 3read0 white loaf0 sliced0 4pples0 per kilo 'ilk0 pasteurised0 per pint 2ausages0 per kg 3utter0 per )*0g 7arrots0 per kg 2ugar0 per kg 7offee0 instant0 per "00g @ggs0 per do8en Aehicle fuel0 ultra low sulphur diesel0 per litre Price in 1982 3p 3 p -#p )0p !".*/ *0p 3*p %%p / p 3p 3-p Price in 2012 !3."# !".)% !". * %-p !%.%0 !".3# #-p /#p !).-# !).#) !".%) % change 33-? )3*? "* ? "30? " ? " -? "%-? ")3? " -? )#-? )/%?

Compared o asse s!!! Asse 6etached house0 BC average0 (old0 troy ounce

Price in 1982 !%*0)"" !)03

Price in 2012 !) 30 00 !"00/-

% change *0*? %3/?