Thread: Gas (petrol) prices, and public transport.
View Single Post
  #16   Report Post  
Old August 30th 05, 08:01 AM posted to uk.transport.london
Richard Adamfi Richard Adamfi is offline
external usenet poster
  
First recorded activity at LondonBanter: Dec 2003
Posts: 35
Default Gas (petrol) prices, and public transport.

Adrian wrote:


RPI was 137.9 at Jan 1993 and 192.2 at Jul 2005.

According to that, fuel prices have risen *much* faster than inflation.

http://www.statistics.gov.uk/STATBAS...9&More=N&All=Y

However, if you take a longer term view, petrol has risen roughly in
line with inflation since 1970 and has almost halved in relation to
average earnings.

According to:

http://www.barrydoe.co.uk/2004.pdf

Petrol has risen 11 fold between 1970 and 2004 and RPI has risen 10
fold. By contrast, average earnings have risen 19 fold.

Reply With QuoteReply With Quote