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Help answer this question below.
I searched for an inflation calculator and found one at http://www.westegg.com/inflation/ that will convert form 1800 to now. I also found one at http://www.measuringworth.com/uscompare/ that will compare from 1787; however, their answers are radically different.
£1 in the 1780s is the equivalent to about £77 in 1998.
So, £1950 (1787) would be around the same as £150150 in 1997.
For a more up-to-date value, it would be a little higher, but not that significatnly.
I'm not 100% certain on this btw :)
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You're reading The British govt paid £1950 for something in 1787. How can I translate that into a figure that would be meaningful to people today? Either £ or $.
Comments
Yeah, I tried the one at measuringworth and the difference in the two answers is why I asked the question.
by JimmyG on October 21st, 2009