Picked up this book in a charity shop, it has prices of 'everyday' items from 1851 to 1978. Here are some prices from 1971 and 1978 to show how inflation was back then:-
1971
income £14.80
bread 9p
pint of milk 5p
pint of beer 12p
pound of sugar 8p
The Times 5p
Bus fare from Paddington to Mansion House 4p
Petrol per gallon 33p
Ford Escort £1067
Road tax £25
3-bed semi-detached in the South East £8,000
1978
income £43
bread 30p
pint of milk 13p
pint of beer 30p
pound of sugar 30p
The Times 15p
Bus fare from Paddington to Mansion House 36p
Petrol per gallon 80p
Ford Escort £2328
Road tax £50
3-bed semi-detached in the South East £19,500