How much did things cost in 1974?
These are the prices of some items from 1974:
| 1974 price | Inflation adjusted | |
|---|---|---|
| Gallon of petrol | 50p | £4 |
| Bottle of whisky (Haig) (Fine Fare) | £2.57 | £21 |
| Bottle of sherry (Harvey's Bristol Cream) (Tesco) | £1.69 | £14 |
| Watneys Party 4 (Co-op) | 60p | £4.80 |
| Watneys Party 7 (Co-op) | £1 | £8 |
| Pint of beer | 22½p | £1.80 |
| Pint of milk | 4½p | 36p |
| Large loaf of bread | 14½p | £1.20 |
| 22" Pye colour TV (Currys) | £195.00 | £1,600 |
| 24" Philips black & white TV (Currys) | £59.95 | £480 |
| The Daily Mirror newspaper | 3-5p | 24-40p |
| Average house price | £10,000.00 | £80,000 |
| ½lb Emblem butter (Tesco) | 10½p | 85p |
| Nescafé 8oz coffee (Tesco) | 69p | £5.50 |
| Can of Coke (Tesco) | 7½p | 60p |
| Ford Cortina car | £1519.00 | £12,000 |
| Zoppas Fridge-Freezer (Currys) | £104.95 | £840 |
| Hotpoint Supermatic twin tub washing machine (Currys) | £74.95 | £600 |
| Bendix Autowasher Deluxe automatic washing machine (Currys) | £110.00 | £890 |
| Golden Wonder crisps | 7p | 56p |
| One dozen large white eggs | 45p | £3.60 |
| 1lb Stork soft margarine (Safeway) | 18p | £1.40 |
Average wages
- Full-time manual worker - male (aged 21 and over) £48.63
- Full-time manual worker - female (aged 18 and over) £27.01
Pools wins
Britain's record pools win in 1974 was £680,697. Allowing for inflation that would be worth £5 million today.
Notes:
The inflation adjusted prices are based on the Consumer Price Index (CPI).
For a comparison of prices in 1974 adjusted for incomes see Income adjusted prices for 1974
By Steven Braggs, updated May 2022
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