£1 for 1lb

[Murox]

In the 70's good local honey was typically around a £1 for 1lb. Given inflation and time that equates to approximately £15 for 1lb (454 grams).

What do you value yours at ?

 

[fatshark]

Early the very early 70's yes ... but remember that inflation was rampant in the early 70's. If it was a £1 in the late 70's then it's pro rata only about £5 now.

I value mine at over £15 but sell it for a bit less

 

[Finman]

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Since then rape cultivation has increased many fold and that has given bigger yields.

 

[Finman]

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In 70' we had import protection law, that domestic yield must be finish, before importing was allowed. I got the best price from honey.

 

[B+.]

Early the very early 70's yes ... but remember that inflation was rampant in the early 70's. If it was a £1 in the late 70's then it's pro rata only about £5 now.

A more accurate comparison would be to use the Retail Prices Index (RPI)

 

[fatshark]

About the same http://calculateinflation.com/uk/ I think ...

Do you mean CPI https://en.wikipedia.org/wiki/Consumer_price_index ? This is the 'basket of goods' one. If so, I can't find the CPI data.

 

[B+.]

About the same http://calculateinflation.com/uk/ I think ...

Do you mean CPI https://en.wikipedia.org/wiki/Consumer_price_index ? This is the 'basket of goods' one. If so, I can't find the CPI data.

There are subtle differences (CPI excludes housing costs, etc) but, as you say, no big difference for an estimate.
HMRC uses RPI so I tend to use that more

 

[Murox]

yes it would have been the early 70's. thats the last time until recently that I had bees. I wondered if the prices had kept up ± with inflation.

 

[Norvic_chris]

I was barely into short trousers in the early 70s, and my hazy memories were that £1 was a huge sum (I remember that I had 2 new pence a week and that allowed me to buy so many gobstoppers at the corner shop that it lasted me to the next week and Warlord comic was only 5p); the point is (oh, do get to the point...) I suppose honey was actually relatively more expensive back then than it is now and if it had kept pace with RPI/CPI then we would all be rich(er) or it would have been forcibly privatised! But then I had loads of hair and we were just about to start the adventure that was the common market (I’m having a strange sense of deja vu). Forgive my unreliable memories!

 

[Finman]

A more accurate comparison would be to use the Retail Prices Index (RPI)

Why? 50 years ago. No idea to compare. Beekeeping is not same, bees are not same, neither our life style.

But I have compared sometimes, how many kilos I must sell honey that I got the car tank full of fuell.

 

[taurus]

I sell mine at the door for £5 per 1lb. I know it's underpriced but our neighbours are good folks and appreciate the honey being sold locally.

This year the time interval between the Honey for sale sign going up and the first sale was 25 seconds.

 

[Murox]

Thats a very good measure of value Finman. I'm going to remember that one! It seems to me that raw, unpasteurised natural honey should have more value to the local customer than "supermarket" honey. A bit like other ethically produced foods. That's not a snipe at large producers, simply an observation. The world needs large producers.

 

[Murox]

I sell mine at the door for £5 per 1lb. I know it's underpriced but our neighbours are good folks and appreciate the honey being sold locally.

This year the time interval between the Honey for sale sign going up and the first sale was 25 seconds.

Thats great, local customers getting local honey at local prices. I think that is just as it should be. You would soon loose favour if you were greedy with your prices.

 

[Griffo]

I very much agree with that. I will be selling locally in the Post Office and local shows for £5 a pound, and probably £3 for a half pound jar. Just spent £35 on jars so I've got to get it back somehow. Its a pity its true value is not appreciated.

 

[Swarm]

You'd never sell it that price

 

[GillianS]

I can remember when I first kept bees I worked in an insurance office and my boss bought about 10 jars at £1 a jar and this was about 1978. One of the other bosses asked me how much they cost and when I told him he moaned that was too much as jam was only about 25p a jar! The next day he came in and had been advised by his wife to get half a dozen jars at that price

 

[enrico]

I used to sell mine in the 1990's for £2 a lb jar......sell it for £5 for 12 oz now
E

 

[Amari]

I was barely into short trousers in the early 70s, and my hazy memories were that £1 was a huge sum (I remember that I had 2 new pence a week and that allowed me to buy so many gobstoppers at the corner shop that it lasted me to the next week and Warlord comic was only 5p); the point is (oh, do get to the point...) I suppose honey was actually relatively more expensive back then than it is now and if it had kept pace with RPI/CPI then we would all be rich(er) or it would have been forcibly privatised! But then I had loads of hair and we were just about to start the adventure that was the common market (I’m having a strange sense of deja vu). Forgive my unreliable memories!

You was lucky. When I were in short trousers there was sweet rationing. Easter eggs was made of marzipan. On one occasion my brother and I rioted when we found a time-expired sweet coupon in the ration book at the end of the month...........

 

[madasafish]

You was lucky. When I were in short trousers there was sweet rationing. Easter eggs was made of marzipan. On one occasion my brother and I rioted when we found a time-expired sweet coupon in the ration book at the end of the month...........

No ration books in WW1 when I was young

 

[applejack33]

Time for you to retire M A A F??