Timothy Sumer

£100 in 1837 is equivalent in purchasing power to about £14,324.27 today, an increase of £14,224.27 over 186 years. The pound had an average inflation rate of 2.71% per year between 1837 and today, producing a cumulative price increase of 14,224.27%. This means that today's prices are 143.24 times as high as average prices since 1837, according to the Office for National Statistics composite price index. A pound today only buys 0.698% of what it could buy back then. The inflation rate in 1837 was 2.02%. The current inflation rate compared to last year is now 10.70%. If this number holds, £100 today will be equivalent in buying power to £110.70 next year. In other words, a pound will pay for fewer items at the store. Anti Guru Property Program: 🏠 [Offers lifetime access to classes, exclusive videos, training and documents required for property investing] + £240 worth of Healthxcel Blends for mental and physical wellbeing Set up a LTD Company & Busin...