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prashantakerkar prashantakerkar
wrote...
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Valued Member
Posts: 1650
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5 years 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
Prashant S Akerkar
Replies
wrote...
#1
Valued Member
5 years ago
Thanks.

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


Thanks & Regards,
Prashant S Akerkar
Prashant S Akerkar
wrote...
#2
Valued Member
5 years ago Edited: 5 years 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
Prashant S Akerkar
wrote...
#3
Valued Member
5 years 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
Prashant S Akerkar
wrote...
#4
Educator
5 years ago
Hi prashantakerkar

Quote from: prashantakerkar (5 years 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

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:
wrote...
#5
Educator
5 years 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!
wrote...
#6
Valued Member
5 years ago
Quote from: bio_man (5 years ago)
Hi prashantakerkar
Quote from: prashantakerkar (5 years 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
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
Prashant S Akerkar
wrote...
#7
Valued Member
5 years 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
Prashant S Akerkar
wrote...
#8
Valued Member
5 years ago

Thanks.

I missed the piano.

Thanks & Regards,
Prashant S Akerkar
Prashant S Akerkar
wrote...
#9
Valued Member
5 years 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
Prashant S Akerkar
Answer accepted by topic starter
bio_manbio_man
wrote...
#10
Educator
Top Poster
Posts: 33337
Rep: 3443 15
5 years ago Edited: 5 years ago, bio_man
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