1974

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Chippy_Tea

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Ford Cortina £1519 ashock1


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What's probably the most informative is the ratio of prices & try and find out if we should use petrol, milk, beer, bread or crisp packet prices as a universal price indicator.
 
Is that in the pub or the shop?
Today's price is £1.80 in the shop or £6 in the pub
That's the pub price. I remember buying Mild for 14p a pint in 1974. Back then bottled beer in a shop was more expensive than draught beer in a pub.
 
Pint of beer was less than half the price of a gallon of petrol, that would be around 70p in today's money.
Also the 70's were a time of peak inflation so these were high prices at the time.
Figure 1_ Inflation rose sharply in the 1970s before falling back in the 1980s.png
 
Are grocery prices higher as there was more corner shop usage and less supermarkets.
So average price would be skewed more towards convenience store prices?

Bear in mind that in 1974 I would only be concerned with how many sweets I could get with 5p
 
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