Kevin Moran wrote:
> Hello,
> I have a price list for Gloria bicycles from 1932.
>
> http://www.flickr.com/
>
> I'd like to get a feel for how expensive (or inexpensive) their bikes were back in the day. But I can't make sense of, say, 600 Lire in 1932. Does anyone know of a converter that can express these antiquated figures in terms of today's Euros or dollars?
>
>
You'll get a number, but not a very meaningfull one. Even comparing economies today is very difficult, nothwithstanding that you can buy a hamburger everywhere. (big mac index)
An accepted standard is the numbers of days you had to work with an average wage to purchase the commodity as in:
Average Weekly Wage Cost of reasonable bicycle No of Days to buy 1955 ?8.25 ?33 28 1980 ?110.20 ?200 12.7 2005 ?518.70 ?400 5.4
-- mvg
Marten Gerritsen
Kiel Windeweer
Netherlands