Hurdy Posted March 28, 2004 Report Share Posted March 28, 2004 My youngest is doing a project for school and needs help.Does anybody know if there is a prog that calculates the value of an object in today's prices if you how much it cost originally?i.e. a car that cost £100 in 1940 would be valued at £x in today's prices.Any help will be appreciated and credit will be given if Daisy gets a good mark :P Quote Link to comment Share on other sites More sharing options...
moon Posted March 28, 2004 Report Share Posted March 28, 2004 500p in 1940 is worth 17p today so if you multiply any 1940 price (in pence or pounds) by 0.034 you'll have an approximate current day value. By 'today' I mean 1998 as that's the closest reference year I could find .You'll have to check this of course. I'll try to find the link again.Working backwards, multiply todays price by 29.41 for a 1940 equivalent.Pound Quote Link to comment Share on other sites More sharing options...
Hurdy Posted March 28, 2004 Author Report Share Posted March 28, 2004 Thank you for the reply mr moon.1940 was only an example she needs more flexibilty than just one year.I'm very sorry I didn't make that clearer. :blush: Quote Link to comment Share on other sites More sharing options...
moon Posted March 28, 2004 Report Share Posted March 28, 2004 OK, check the link above for an index for any year since, I think, 1758. Before that the Poms used chickens instead of quids. :D Quote Link to comment Share on other sites More sharing options...
Hurdy Posted March 28, 2004 Author Report Share Posted March 28, 2004 Cheers moon - thank you!! Quote Link to comment Share on other sites More sharing options...
moon Posted March 28, 2004 Report Share Posted March 28, 2004 No worries. :) Don't forget that you're going to have to make an adjustment when you find out what the inflation rate from 1998 to 2004 has been. Good luck Daisy. :) Quote Link to comment Share on other sites More sharing options...
Hurdy Posted March 28, 2004 Author Report Share Posted March 28, 2004 I told that her that moon said she'd have to research the inflation rate from 1998 to 2004 and she said 'I'm going leave it as 'as at 1998....' It's close enough.'Good thinking from a ten year old :D Quote Link to comment Share on other sites More sharing options...
andsome Posted March 28, 2004 Report Share Posted March 28, 2004 500p in 1940 is worth 17p today so if you multiply any 1940 price (in pence or pounds) by 0.034 you'll have an approximate current day value. By 'today' I mean 1998 as that's the closest reference year I could find .You'll have to check this of course. I'll try to find the link again.Working backwards, multiply todays price by 29.41 for a 1940 equivalent.PoundYour division and multiplication figures are the wrong way round. Using your figure a house at £150,000 today would be MULTIPLIED by 29.41, so in 1940 would be worth £150,000 X 29.41 which is £4,411,500 or a house worth £500 in 1940 would now be £500 X 0.034 which is £17. Hurdy see if the local Chamber of Commerce can help. They helped me some years ago when I was making out a Case for a larger salary increase. Quote Link to comment Share on other sites More sharing options...
moon Posted March 28, 2004 Report Share Posted March 28, 2004 Quite right, andsome, clever git, stupid of me. :) Just reverse the functions, hurdy. Quote Link to comment Share on other sites More sharing options...
andsome Posted March 28, 2004 Report Share Posted March 28, 2004 Quite right, andsome, clever git, stupid of me. :) Just reverse the functions, hurdy.Not only drop dead gorgeous , but highly intelligent with it as well. Quote Link to comment Share on other sites More sharing options...
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