£57.98 for a pint in 2058
£57.98 for a pint in 2058
Tuesday 4th November 2008
Research from Norwich Union suggests that young people could be shelling out as much as £57.98 for a pint of bitter in 2058 if price inflation continues at the same rate.
A pint of milk in 2058 could cost £5.35, while a kilo of potatoes could reach £76. Smokers could pay up to £76 for a packet of cigarettes.
The estimations are based on the price changes that have happened since 1958 when a plain white loaf cost just 4.5 pence, this has risen to £1.11 in 2008.
Paul Goodwin, from Norwich Union said: "These predictions for the future may seem extreme, but the fact remains that many household expenses have risen by ten or 20 times or more in the last 50 years, so it's perfectly possible that the same could happen again in another 50 years' time."
News article brought to you by Debt 1 – For debt help and advice.
Related News
Professionals at risk of repossession, expert says - 03/11/08
Many professionals with self-certification mortgages are suffering from debt and could be at risk of repossession, an expert has said
Many professionals with self-certification mortgages are suffering from debt and could be at risk of repossession, an expert has said
UK workers 'stressed about debt worries' - 29/10/08
Many Britons are stressed at work because of worries about debt, a survey has suggested
Many Britons are stressed at work because of worries about debt, a survey has suggested
Britons set to fall into negative equity - 28/10/08
Falling house prices are set to put more Britons who are struggling with debt problems at risk of repossession, the Bank of England (BoE) has indicated
Falling house prices are set to put more Britons who are struggling with debt problems at risk of repossession, the Bank of England (BoE) has indicated
Borrowers in debt 'must face up to problem' - 27/10/08
Britons who are struggling with debt must face up to their problems as soon as possible, according to debt management advice published this weekend
Britons who are struggling with debt must face up to their problems as soon as possible, according to debt management advice published this weekend
'Brits earning nothing from their monthly salary' - 24/10/08
One in seven Britons have no spare income once household expenses are deducted from their monthly salary, new figures have shown
One in seven Britons have no spare income once household expenses are deducted from their monthly salary, new figures have shown
