![]() For example, a calculator based on average earnings might be better if you want to compare wages, income or wealth over time. These measures may be more useful depending on what you’re trying to do. This academic format is extremely useful for students and teachers. 18-month planners run from July to December of the following year. The website has a calculator based on different measures of comparative value such as the Gross Domestic Product (GDP) deflator, average earnings, and GDP per head. Moleskine comes with both 12-month Planner and 18-month Planner formats: 12-month planners are dated from January to December of the same calendar year, allowing you to kick off with your New Years resolutions. ![]() You can find some alternatives in our A millennium of macroeconomic data spreadsheet and Professor Clark’s study The Macroeconomic Aggregates for England 1209-1869. There are a number of other price indices available. We use the ONS’s estimates of the Consumer Price Index from 1949 onwards, which we use to update our calculator each year.įor dates between 1209 to 1750, we use the cost of living index kindly supplied by Professor Greg Clark. Before 1947 no single price index exists so the ONS use price data linked together from several different published sources. For dates from 1750 until 1948 we use the Office for National Statistics’ (ONS) Composite Price Index. We use several sources to create our calculator. The calculations are approximate and only give a rough guide to the buying power of the pound for goods and services purchased in the UK. Our inflation calculator is designed for illustrative and general reference purposes only.
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