RPI inflation, 1977 to July 2026
£100 in 1977 is £909 today
That £100 bought 227 kg of bananas in 1977. Today it buys 92.
Prices up 809%4.6% a year on averageMultiply by 9.09
What £100 buys
Official average shop prices, not a basket. Things marked as outrunning inflation got dearer faster than everything else; things that lagged got relatively cheaper.
| Item | 1977 | Today |
|---|---|---|
| kg of bananaslagged inflation44p then, about £1.09 today | 227 | 92 |
| first-class stampsoutran inflation7p then, £1.80 today | 1,429 | 56 |
| kg of roasting chickenlagged inflation£1.06 then, about £4.04 today | 94 | 25 |
| dozen eggslagged inflation48p then, about £2.38 today | 208 | 42 |
| kg of rump steaklagged inflation£3.40 then, about £20.21 today | 29 | 4.9 |
| pints of milklagged inflation12p then, about 70p today | 862 | 144 |
| sliced white loaveslagged inflation21p then, about £1.50 today | 476 | 67 |
| Same money, adjusted for inflation | £100 | £909 |
The ONS stopped publishing these average prices in January 2025. Today's figures are that last reading moved on with inflation, so treat them as close rather than exact.
Houses and wages
Inflation is one story. What people earned, and what a home cost, are the other two.
Average house
£12,805 → £278,784
Up 21.8×, against 9.1× for prices generally
Average pay
£2,714 → £39,260
A year's average earnings, up 14.5×
Years of pay for a house
4.7 → 7.1
Average house price divided by average annual pay
If it had tracked wages
£1,446
What £100 in 1977 would be today if it had grown with pay rather than prices