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inflation over 24 years

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deemaitch | 16:44 Mon 20th Sep 2010 | Personal Finance
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I had an award of £55,000 given to me in 1986.
To match this what could I expect in 2010
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You would have work out average inflation over the past 24 years.

Say it is 3.5% in 1986 is worth (55000 X 1.035^24) in today's terms.

This works out to £125583.07
21:21 Mon 20th Sep 2010
You would have work out average inflation over the past 24 years.

Say it is 3.5% average

£55,000 in 1986 is worth (55000 X 1.035^24) in today's terms.

This works out to £125583.07

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inflation over 24 years

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