Value of money in 1050

[tod123]

Could someone please tell me comparing today's money value how much was �1,500 worth in 1950
Thank you
Todd

[Ethel]

�35936.36
http://www.moneysorter.co.uk/calculator_inflat ion.html

or
n 2007, �1500 0s 0d from 1950 is worth
�37,035.33 using the retail price index.
�109,850.06 using average earnings.

http://www.measuringworth.com/ppoweruk/result. php?use[]=CPI&use[]=NOMINALEARN&year_early=195 0£71=1500&shilling71=&pence71=&amount=150 0&year_source=1950&year_result=2007

[factor-fiction]

This source says �1 then is equivalent to �22, but the info could be out of date. http://www.guardian.co.uk/notesandqueries/quer y/0,5753,-18471,00.html
It also depends what you were buying with the money (beer, bread, petrol, houses), whether it was invested in shares/bank/property, etc

[tod123]

Thank you so much for your answer, it's unbelievable but of course very true.

[factor-fiction]

Didn't see Ethel's answer which looks good- I started typing my answer two hours ago then got distracted and only just pressed SUBMIT

[Ethel]

That happens to me, too, Factor. :)

[Mr Veritas]

Well, I bought a 3 bedroomed semi~detached house in 1950,for �500.
That might give you some idea of what it might be worth now (just multiply by 3).