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How can you easily work out inflation in that context?
http://www.bankofengland.co.uk/education/Pages/resources/inflationtools/calculator/default.aspx
This uses CPI
Worth noting in the context of home buying, CPI / RPI don't include house prices, and since 1970, house are up to 50 times more expensive, compared to a real wage increase (accounting for inflation) of 2 - 3 times.
NotThamesWater
How can you easily work out inflation in that context? Is there an algorithm or a calculator? I hear this argument all the time and I know it's wrong but all I can counter it with is the 'average deposit to average house price' ratio change which isn't exactly the sort of thing that makes a person question their own idiocy.
EDIT: tricked into starting a new page! Now I look mental