The Gorse Fox had to refer to some data from the Office of National Statistics. Whilst there he downloaded a time sequenced data set that documented inflation since 1948.
Now there are many interpretations you might put on the statistics presented, but GF wondered how the value of money had changed since 1950 and so he plugged 1 GBP into the spreadsheet in Dec 1950 and then calculated its inflation year on year until now. Anyone care to guess?
The Gorse Fox will put you out of your misery. 1 GBP in 1950 is equivalent to 23 GBP today (if you do not include property values in the calculation) or 26 GBP (if you do).
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