How much did things cost in 1954? (income adjusted)

These are prices of some sample items in 1954.

How much were these prices for someone on an average income in 1954? To get a feel for this, I have adjusted them for the increase in incomes from 1954 to today. You can see these adjusted prices in the column 'Income adjusted'.

1954 priceIncome adjusted
Gallon of petrol4s 6½d£20
Pint of beer1s 10d (bottled) [*]£8
20 cigarettes [*]3s 7d£16
Loaf of bread (white, unwrapped) [*]7½d£2.70
Loose leaf tea [*] 4oz1s 7¼d£7
Sugar 1lb [*]7½d£2.70
Pint of milk [*]7d£2.50
Butter ½lb [*]1s 10½d£8.20
Cheddar cheese 1lb [*]2s ½d£8.70
Margarine 1lb [*]1s 9d£7.60
Lard 1lb [*]2s ½d£8.70
Eggs 1 dozen [*]4s£17
Potatoes lb [*]2d73p
Cabbages lb [*]3½d£1.30
Onions lb [*]4¼d£1.50
Eating apples lb [*]11¼d£4.10
Oranges lb [*]1s£4.40
Cocoa lb [*]4s 6d£20
Coal - 1cwt [*]5s 9d£25
Ferranti 17" television 75 guineas£6,900
Ekco A160 radio in walnut cabinet £26£2,300
Qualcast Commando power lawn mower£29 15s£2,600
The Daily Mirror newspaper1½d54p
Average house price£1,863£160,000
Ford Anglia car£511£45,000
Astral refrigerator£44 18s£3,900
Hoover washing machine£46 2s 8d£4,000
Filler Vx1 De luxe vacuum cleaner£27 3s£2,400

Prices are in pounds, shillings and pence.

Some shops priced more expensive items in guineas. A guinea is one pound and one shilling or £1.05.

The income adjusted prices are based on the Bank of England's Three Centuries Macroeconomic Dataset Version 2.3 - 30 June 2016. I have updated the income figures based on the ONS: Series code KAB9, adjusted to bring the figures inline with the Bank of England's.

For a comparison of prices in 1954 adjusted for inflation see Infation adjusted prices for 1954

By Steven Braggs, December 2021, updated May 2022

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