What is 1 pound in 1990 now equal to?

Question

What is 1 pound in 1990 now equal to?

Answer 1

Data based upon the retail price index is only available for the complete previous year (2007).

In 2007, £1.00 from 1990 is worth £1.64 using the retail price index, but the value of the pound sterling seems to be falling.

Answer 2

A simple method to know the answer. Get a paper or list of prices in 1990 and find a group of things relevant and representative. Then find out how much they are now. Calculate the average now and then and you´ll get an approximation.

1990: price 1+price 2+....+price n /n

2008: price 1+price 2+....+price n / n