Prices then and now

Lionel,

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Alan

hello is this what my old 1961 fender red and white stratocaster is now worth wow  yours  anna j

I'm an economist by trade; I think my colleagues would probably first go to the Bank of England's inflation calculator at https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator.

However, the construction of price indices, and hence calculation of inflation rates, is a complex and thus controversial topic.

Comparisons over extended periods of time are especially problematic, partly because the mix of available goods changes (problematic if the comparison is over many decades), and partly because of quality changes within particular types of goods (the so-called hedonic issue, relevant over – say – one or two decades or more).

To illustrate, the B of E calculator will tell you that Lionel's £215 Dominator in 1960 would have been worth £2.43 (£2 8s 7d, plus approximately one farthing) in the year 1209, but the meaningfulness of this is questionable for fairly obvious reasons.

Hello Now yes my 1961 Fender ST red with white fretboard is all original and still like the day I bought it and I have a Torre flamenco guitar made from 1958  in cadiz  spain  witch is still like new as I look after my stuff That why my Nortons will last me out I recon my Norton will be around long after I am gone  now  look after yourselfs  yours anna j

... have played it much Anna! Mind you I'm a Gibson fan with an ES335 and SG Special. I do play them through a Fender Vibrolux Reverb however.......

Hello well I do practise nights from time to time just to keep your fingers fit  and I had a Gibson SG in maroon red and a black les paul  I give the SG to my young nephew   and sold the Les Paul   and now left with my white over red Fender ST  off 1961 vintage and she still plays good I have a number of power amplifiers and amplifier heads and one practise 20 watt combo-amp and 12 pairs of speakers  cabs most I made all fitted with the world best speaker chassis FANE colossus   and still made in Yorkshire    and I have 3 big mixing desks  the biggest is a studiomaster 24-2 the other one is a soundmaster 16-4 along with 2 soundmaster power amplifiers one em 1000 watt and a em1600 watt steiro at 8 ohms both very powerful amps that can blow widow out  the last time  I tryed them out I nearly got myself arrested  as someone had reported the noise and I live around a mile from any one  So you see how powerful they are  in a five minute test run  and never tuned then on again that was 20 years ago  I would not get away with it now, And now I have a grandchild  at 15 years old now learning music, and she can sing well too that our holly she sang on youtube a brave girl    she doing good at school. The reason I got into guitars was at school music class and later in my tender young years we set up a band called the Shades  And played at working mens clubs and the odd pub or two And I played lead guitar which was a Black Les Paul with gold banding now as for the music we played was all based on the shadows   stuff of the time,  and I even meet up with them too   and many more top bands   like the WHO and Yardbirds   and Mick Jagger and the stones and strung up Jimmy Hendrix Fender strat On the back stage in 1970 isle of wight rock festival now he was a cool guy and a nice man to talk too then I was a trainee Sound engineer for Altec Lansing London and I have the sound desk hear we used back then we had so much fun back then and many adventures                              now do have fun with your guitars and Nortons  yours  Anna J