value of money today

[dondons]

my dad bought a piano in the early 30's for 55 guineas which is �57 15/- or �57.75 in today's money. If I bought it today what is the equivilant cost in today's money???

[saxy_jag]

A decent upright piano costs the best part of �1000-�1500 pounds these days, if that's any guide.

[CB76]

Using the Government statistics on general inflation, it will have risen by 47.5 times. So in todays money, �57.75 in 1932-ish is worth �2,741. But that's not necessarily what the piaono's 'worth' - it's now a lot more rare, but also not in as good condition (pressumably)