Reliable graph for inflation?

In message , JakeD wrote

Try

"JakeD" wrote

There's no need to cry over inflation, you know. [Is a "tearly scale" wet?!]

Thank you. It looks detailed, and usefu; (assuming it's reliable), but am puzzled why there seems little on property and land prices at the above site. I found the table of "average property prcies" but it only goes upto 2002.

JD

Yeah, I thought someone would pick up on that typo...

JD

Bitstring , from the wonderful person JakeD said

If you want property prices you are better off with the Halifax House Price Index (now HBOS) from

Thanks. Yes, that looks useful. I also found the National Statistics site, but most of the data seems in dire need of updating. (Stats on land prices ending yr 2k, for example).

JD

Not reliable. JD should look at the Land Registry data -

Daytona

IPD is the best source of ag. & commercial land prices -

you will need to pay to get detailed data Daytona

If it isn't reliable, then you'll have to make up your own figures.

Make sure they're reliable.

Daytona

I wondered about that!

JD

JD

Bitstring , from the wonderful person Daytona said

Because it is restricted to Bank of Scotland and Halifax customers.

"Jonathan Bryce" wrote

That ought to make it *extremely* reliable - after all, they ought to know their own figures!

It's when an organisation tries to put together details from several different sources, that it's more likely to be less reliable...

"Reliability", of course, has nothing to do with "completeness"...

Interesting. The only markers I have for inflation are as follows: in 1976 a pint cost me 22p and my rent (shared house - 3 people) was £7.50/week. In 1980 beer went up to 51p and I was paying £85/month rent.

So I reckon prices (as they affect me) have risen by ~500% since 1980 and ~ 1200% since 1976. The government figures show RPI rises from 1980 to 2003 as being

263 - 715: a rise of less than 300%. When you go back to the RPI data for 1976, the discrepancy is even wider. You'll pardon me if I prefer to use my own figures, from personal experience than the governments, which include a load of people I don't know.

My markers are:

In 1997, a loaf of bread cost me 5p, rent was £525 per month, and a bottom of the range desktop computer was £1,200. Now, a loaf of bread costs me £1.26, and rent for a similar place would be £550 per month, and a bottom of the range desktop computer with a much better spec is about £280.

IIRC in 1980 a 10MB hard drive was about £100. £10,000 per GB. Hard drives are now 10p per GB. That's 5 orders of magnitude cheaper.