Food for thought: applying house price inflation to household goods prices - 2014 edition
By: Tristan Carlyon Published: February 2014
This paper looks at the inflation in house prices from 1971 to 2012 and applies it to the cost of everyday goods, in order to emphasise how out of control house prices are.
- Food for thought - 2014 edition (PDF 258.2 KB)
If prices had increased at the same rate as house prices since 1971, then:
A 4-pint carton of milk would cost £10.48
A chicken would cost £51.33
A bunch of 6 bananas would cost £8.49
A loaf of sliced white bread would cost £4.37
The average weekly expenditure on food for a family of four would be £454.55
A pair of pyjamas would cost £111.40
A pair of slippers would cost £85.19
A pair of short nylon socks would cost £10.48.