Posted by Francis Koh on 17 Feb 2015

Price of a loaf of bread rises by 11,000% in the past 100 years thanks to inflation - and will hit £150 by 2115 if prices rise at the same rate

The increase in prices means someone today would need £8,970 just to afford the same items you could buy for £100 in 1915, the figures from Lloyds Private Banking show. Or looking at it the other way round, £1.11 in 1914 would get you goods to the value of £100 today. 

Some items have seen even greater leaps in price. Bread, for example has seen inflation of 11,000 per cent since 1914. A loaf cost well under a penny in 1914 - now the average loaf costs £1.35.

Spiraling downwards: The value of money has tumbled by 99 per cent in the last century, research from Lloyds reveals Changing times: The changing cost of everyday items from, 1914-2014 Deflation: The 1920s and 1930s saw a long period of deflation, with retail prices falling in 11 of the 20 years. Pictured is a crowded street scene in Wembley for the 1924 FA Cup final

Read More: www.dailymail.co.uk/money/news/article-2950798/Price-loaf-bread-rises-11-000-past-100-years-thanks-inflation-says-Lloyds.html

 

 

 

 


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