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The following receipt for a carved wooden wall clock cannot realistically be used to estimate the rate of inflation for this type of work between 1940 and the present day. The clock was hand-carved from solid wood; it was not mass produced from cheap wood with a laminated finish. Nevertheless it serves to show how times have changed.
The receipt gives the following information:
1 wooden wall clock £1-5-0
The costs are of course quoted in the old money.
The receipt is on professionally printed paper and the cost is handwritten. It is almost certainly a carbon copy as carbon copies were always dark blue writing or typing on flimsy paper.