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wrote...
Valued Member
Posts: 418
2 weeks ago

Would it be interesting to list the prices of commodities products say 45 - 50 years back say in Year 1975, Year 1970 ?

https://www.google.com/search?q=commodities&client=ms-android-lava&tbm=isch&prmd=nibv&source=lnms&sa=X&ved=0ahUKEwjn1aackLvkAhXMvo8KHYtFDRYQ_AUIFCgC&biw=360&bih=592&dpr=2

Examples

Metals
Automobiles
Oil
Potato
Onion
Theatre tickets
Bus tickets
Railway tickets
Air tickets
Television set
Refrigerator
etc

Thanks & Regards,
Prashant S Akerkar
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10 Replies
Replies
wrote...
Valued Member
2 weeks ago
Thanks.

Musical instruments viz Drums, Guitar, Trumpet etc
Surgeries cost performed by Surgeons


Thanks & Regards,
Prashant S Akerkar
wrote...
Valued Member
2 weeks ago Edited: 2 weeks ago, prashantakerkar
Thanks.

Example :

What was the cost of a Violin in the Year 1970?

What was the theatre ticket cost ($) in the Year 1985 for the movie "Superman"?

Thanks & Regards,
Prashant S Akerkar

wrote...
Valued Member
2 weeks ago

Thanks.

I saw the movie "Superman" starring Christopher Reeve in Eros theatre, Churchgate in 1985.

Assuming I had paid INR 30 in 1985 for the movie, What was the INR - US $ currency rate ?

Is it possible to find the INR - US $ currency rate in the Year 1985 (INR 30 in How many US $ at that time)  as the currency rate varies day to day basis?

Thanks & Regards,
Prashant S Akerkar
wrote...
Educator
2 weeks ago
Hi prashantakerkar

Would it be interesting to list the prices of commodities products say 45 - 50 years back say in Year 1975, Year 1970 ? https://www.google.com/search?q=commodities&client=ms-android-lava&tbm=isch&prmd=nibv&source=lnms&sa=X&ved=0ahUKEwjn1aackLvkAhXMvo8KHYtFDRYQ_AUIFCgC&biw=360&bih=592&dpr=2 Examples Metals Automobiles Oil Potato Onion Theatre tickets Bus tickets Railway tickets Air tickets Television set Refrigerator etc Thanks & Regards, Prashant S Akerkar

Economist that are hired by government agencies do this already; they build what is called a price index. A video on how they do it is provided below:

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wrote...
Educator
2 weeks ago
Furthermore, there are websites that exist which show the cost of items historically

Here's one I found https://www.indexmundi.com/commodities/?commodity=bananas by searching"historical commodity data" in Google.

Hope this helps!
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wrote...
Valued Member
2 weeks ago
Hi prashantakerkar
Would it be interesting to list the prices of commodities products say 45 - 50 years back say in Year 1975, Year 1970 ? https://www.google.com/search?q=commodities&client=ms-android-lava&tbm=isch&prmd=nibv&source=lnms&sa=X&ved=0ahUKEwjn1aackLvkAhXMvo8KHYtFDRYQ_AUIFCgC&biw=360&bih=592&dpr=2 Examples Metals Automobiles Oil Potato Onion Theatre tickets Bus tickets Railway tickets Air tickets Television set Refrigerator etc Thanks & Regards, Prashant S Akerkar
Economist that are hired by government agencies do this already; they build what is called a price index. A video on how they do it is provided below:

Nice informative video on price index calculating inflation.

Thanks & Regards,
Prashant S Akerkar
wrote...
Valued Member
2 weeks ago
Thanks.

Would it not be interesting to find the cost of western and indian musical instruments way back in year 1970, 1975, 1980 etc ?

Ex : Violin, Trumpet, Saxophone, Drums, Guitar, Tabla pair, Veena, Sitar  etc

Thanks & Regards,
Prashant S Akerkar
wrote...
Valued Member
2 weeks ago

Thanks.

I missed the piano.

Thanks & Regards,
Prashant S Akerkar
wrote...
Valued Member
2 weeks ago
Thanks.

Is it possible to find the prices of western musical instruments namely Guitar, Violin, Piano, Drums, Trumpet, Saxophone etc in USA & European countries i.e. $, € & GBP currencies in the Years 1970, 1975, 1980 ?

Thanks & Regards,
Prashant S Akerkar
Answer accepted by topic starter
wrote...
Educator
Top Poster
Posts: 25173
2 weeks ago Edited: 2 weeks ago, bio_man
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Thanks. Is it possible to find the prices of western musical instruments namely Guitar, Violin, Piano, Drums, Trumpet, Saxophone etc in USA & European countries i.e. $, € & GBP currencies in the Years 1970, 1975, 1980 ? Thanks & Regards, Prashant S Akerkar

It's hard to give you a verifiable answer because the cost of these instruments ultimately depends on the brand. Take, for instance, an 6-string guitar. These days there are 100's of the brand worldwide that make guitars - some are good, while others are famous for their quality.

Here's a figure I found for the historical price of Les Paul guitars (a *famous* brand, so expect inflated prices):



You can see how the price has risen obviously since they started selling them.

You'd have to do this for the rest.

Now, if you know the brand of a violin, you can do a search here: https://tarisio.com/cozio-archive/price-history/ BUT, keep in mind that brand matters. Some violins TODAY start around $29.95 (including a case and a bow), so likely you could by a really cheap one back in the 70' too
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