The price of virtually everything has gone up but so have the incomes. Let us face it, Photography with film can appear to be expensive but compare that with the prices way back in 1962 when I started . I was taking home only £5 a week not enough to pay tax on.. The nearest equivalent job nowadays allowing for promotion over the years I would be on roughly £100K+ a year. So what appears to be a draconian increase, is in perspective just the world where everything increases in price. Compare that to another product fuel for my car. I wasn't old enough to drive in 1962, but fuel was the equivalent of about 25 pence a gallon (US gallons are smaller than UK ones) Now priced per litre it is around £1.30 a litre and there are 4.546 litres to a UK gallon. We really should look at it in perspective.
That's true for many things. When currency inflation is considered and real wage growth is taken into account, prices for many things are not remarkably higher. For example, an average car in 1960 was in $2600 range which would be around $50,000 today. If anything, the real price of cars has gone down (not to mention the multitude of features new cars have that a 1960s vehicle did not).
However, what this doesn't take into account that in nations like the US where there is an income tax, the inflation-driven increases in income have not had full corresponding tax bracket indexing. This represents a growth in cost due to higher incremental income taxation over time. Similarly, the current tariff posture of the US is effectively a form of taxation on the consumer here.
I am taking no particular policy position here, only noting that the math is the math. The current incremental cost of Ilford product in the US maps almost perfectly to the tariff rates on UK goods as I understand it.
So while goods may be about the same or even less expensive today, a full accounting would require taking into effect all tax, tariff, VAT, and so on implications as well.
You can really see this with the cost of film. I started shooting Tri-X 120 around 1970. It was something like $2.50 per roll. Adjusted for currency inflation, that would be about $21 today. So, in real terms, even assuming some error in my estimates, Tri-X 120 has gone down in price quite a bit.
I also remember a 36 exposure Kodachrome (original only 10 ISO) was around in your currency valuation at the time about $4 how much would that be today?
"Buy or buy not. There is no afford."
Not sure what I'd do if I were a color film shooter.
"Buy or buy not. There is no afford."
We need to keep in mind that every central financial institution in the world has a stated purpose of inflating the currency in an effort to stimulate the economy
I guess you'd shoot colour film or else you wouldn't be a colour film shooter.
According to my friendly neighbourhood AI, $4 in 1970 equates to $33 today.
I read a book some years ago which laid to waste the many doomsday complaints we hear all the time. In it, an economist explained how nearly everything - health, wealth, poverty, safety, environment, technology ... - has steadily improved over the past 100 years. No doubt the efficiencies of technology are in large measure responsible for the real cost of film going down so precipitously. (It's Getting Better All the Time: 100 Greatest Trends of the Last 100 Years", Moore & Simon)
the prices from 15-20 years were a bit artificially deflated due to the digital revolution
They absolutely were. So you just need the big shiny next new thing to distract people again and film will be cheap.
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