100 sterling value in 1972

Answer 1

In 1972, £100 had significantly more purchasing power than it does today due to inflation. To put it in perspective, £100 in 1972 is roughly equivalent to around £1,500 to £1,600 in today's money, depending on the specific inflation rate used. This amount could cover a range of expenses, such as rent, groceries, or even a car, showcasing the substantial difference in the value of money over the decades.