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Epic prices vs Inflation (UK)
http://www.tacticalwargames.net/taccmd/viewtopic.php?f=59&t=12597
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Author:  loofnick [ Tue May 13, 2008 5:18 pm ]
Post subject:  Epic prices vs Inflation (UK)

OK, this may start the odd doom-and-gloom response.  Please remember it's just a game, and the world doesn't end while next Monday at the earliest (about 2.31pm).

I was hoping to challenge the view that GW prices are excessive, not like in the good old days (cue sorrowful music etc etc), as I thought prices in general had risen quite a bit over the same time.  Though I do expect higher prices, I don't expect my heart to stop beating- I remember minis were expensive when I was a kid.

To start, a disclaimer: the below comparisons are based from data from http://www.measuringworth.com/ppoweruk/
, I am not an economist, nor expert on the industry.  Please consider that the figures are NOT very reliable given that they talk about the economy as a whole, or selected parts of the economy (usually focusing on necessities), and price pressures on GW needn't be much related.  They should however be somewhat indicative of your comparative feeling of expense (if you ignore the increase in grumpy, cynicism that most of us grow into  :;): ).

Inflation figures (copy and pasted)

In 2006, ?1.00 from 1991 was worth:
?1.48 using the retail price index
?1.47 using the GDP deflator
?1.84 using the average earnings
?2.09 using the per capita GDP
?2.20 using the share of GDP

In 2006, ?3.00 from 1991 was worth:
?4.45 using the retail price index
?4.42 using the GDP deflator
?5.52 using the average earnings
?6.27 using the per capita GDP
?6.61 using the share of GDP

In 2006, ?4.00 from 1991 was worth:
?5.94 using the retail price index
?5.89 using the GDP deflator
?7.35 using the average earnings
?8.36 using the per capita GDP
?8.81 using the share of GDP

In 2006, ?5.00 from 1991 was worth:
?7.42 using the retail price index
?7.36 using the GDP deflator
?9.19 using the average earnings
?10.46 using the per capita GDP
?11.02 using the share of GDP


Info, on what each measure of inflation means (copied, pasted and edited a bit)

Current data is only available till 2006.

If your are asking about the "present worth" of buying a loaf of bread or filling the gas tank 40 years ago, are you thinking in terms of the amount of money you are spending today on such things? If so, use the price index of the average household called the CPI (RPI for the UK.) On the other hand, if you are wondering how "affordable" this would be to the average person, use the GDP per capita, or a wage or average earnings index. For the US, we have an index of unskilled wage and for the UK we have an index of average earnings.

If you are asking about the current equivalence of what someone earned in the past, and you are thinking in terms of the household items that person might buy, then use the CPI. If you are thinking about how this income would compare in terms of affording to run that average household today, then use the Consumer Bundle. A third possibility is that you want to know how that person ranked in status compared to what others earned so it would be best to use GDP per capita. Finally, your question may be how economically "powerful" that person would be, and then you should use share of GDP.

Analysis

I was going for 1991, as this was Space Marine era in full flow (maybe a bit early), and I had old White Dwarf's with prices in them.  However I don't have many, so please quote old prices and compare for yourselves!

1991 Oct/Dec Prices
Please note, I believe only the Reaver and Eldar Phantom Titan are the same as present sculpts.

Waveserpants x2   ?3.99
Deathstalker Prism Cannon x2 ?3.99
Warphunter x2  ?3.99
The new types look a bit light, so I won't compare directly, but inflated-based costs to '06 are between: ?5.94 - ?8.81
If I remember right they were about the weight and price of 3 predators(same era), new ones being about ?7.50 now.


Eldar Titan (Phantom/Warlock)  
'91: ?4.99;
inflated to 2006: ?7.42 -  ?11.02;
today's price ?18 (Eeeek!)

Warhounds  
'91 for 2:  ?4.99  
inflated to '06 for 2: ?7.42 - ?11.02
today's:  ?12 for 1; ?24 for 2!!

Reaver Titan
'91:  ?4.99
inflated to '06: ?7.42 - ?11.02
today's:  ?18

Slasher Gargant  ?6.99

Great Gargant  
'91:  ?11.99
infalated to '06: ?17.81 - ?26.44
todays's: ?12

Ok, not the best to compare with- seems I threw-out more WD's than I thought.  And I wasn't expecting the titan's to compare as well as others.  Can someone hunt down more useful comparison- old prices for Predators, Rhinos, Chimera, Leman Russ?  I think I can remember some, but I'd rather be sure.

And what were the prices in 2006? 1 or 2 pounds less than now?

Conclusion

On the surface today's Predators are, speculatively, towards the higher end of inflation range, which seems reasonable given higher metal costs.  The Great Gargant is possibly a bargain (unless it's not as large as the old one?).  And the Warhound, Reaver and Phantom are hideously expensive!

More data please!  Corrections also welcome.





Author:  Evil and Chaos [ Tue May 13, 2008 5:24 pm ]
Post subject:  Epic prices vs Inflation (UK)

Warhounds  
'91 for 2:  ?4.99  
inflated to '06 for 2: ?7.42 - ?11.02
today's:  ?12 for 1; ?24 for 2!!

Interesting to note that FW's Warhounds (?9 each) compare well.

Author:  loofnick [ Tue May 13, 2008 5:31 pm ]
Post subject:  Epic prices vs Inflation (UK)

I neglected to compare Forgeworld.  Then again different material, and the older imperial stuff has (thank goodness) not risen to match the newer stuff in price.

Author:  Dwarf Supreme [ Tue May 13, 2008 5:39 pm ]
Post subject:  Epic prices vs Inflation (UK)


(loofnick @ May 13 2008,12:18)
QUOTE
Great Gargant  
'91:  ?11.99
infalated to '06: ?17.81 - ?26.44
todays's: ?12
now?

Correct me if I'm wrong, but doesn't the MK1 Gargant have more metal than the current edition? That might account for the favorable price comparison.

Also, you are correct that only the Reaver and Phantom/Warlock Titans are the same mini then as now.





Author:  Dwarf Supreme [ Tue May 13, 2008 5:43 pm ]
Post subject:  Epic prices vs Inflation (UK)


(Rug @ May 13 2008,12:32)
QUOTE
Bear in mind the change from lead to white metal too.

That's a good point. I think I remember a noticeable price hike for SM2 minis when they were converted from lead to pewter. However, that (and inflation) still doesn't explain the the nearly quadrupling in price for the Reaver in the US.





Author:  Evil and Chaos [ Tue May 13, 2008 5:44 pm ]
Post subject:  Epic prices vs Inflation (UK)


(Dwarf Supreme @ May 13 2008,17:43)
QUOTE

(Rug @ May 13 2008,12:32)
QUOTE
Bear in mind the change from lead to white metal too.

That's a good point. I think I remember a noticeable price hike for SM2 minis when they were converted from lead to pewter.

When did that happen, '94?

Author:  loofnick [ Tue May 13, 2008 5:49 pm ]
Post subject:  Epic prices vs Inflation (UK)


(Rug @ May 13 2008,17:32)
QUOTE
Bear in mind the change from lead to white metal too.

Its a shame you don't have more recent inflation data, it around 3% atm!

No doubt price rise is above infaltion though!

I was wondering about the white metal thing as well.  2years worth of inflation won't make too  much difference.  Just a question as to how much GW increased the price the last 2 yrs.  The last 2 increases seemed close together.





Author:  Dwarf Supreme [ Tue May 13, 2008 5:51 pm ]
Post subject:  Epic prices vs Inflation (UK)


(Evil and Chaos @ May 13 2008,12:44)
QUOTE

(Dwarf Supreme @ May 13 2008,17:43)
QUOTE

(Rug @ May 13 2008,12:32)
QUOTE
Bear in mind the change from lead to white metal too.

That's a good point. I think I remember a noticeable price hike for SM2 minis when they were converted from lead to pewter.

When did that happen, '94?

Yeah, somewhere around then. I'm pretty sure it was before the release of Titan Legions.

Author:  loofnick [ Tue May 13, 2008 6:00 pm ]
Post subject:  Epic prices vs Inflation (UK)

I should mention, the page I linked to has a very easy to use automatic converter it.  

And does stinky US dollars :p  as well: http://www.measuringworth.com/ppowerus/

So feel free to play, all you budding economists!





Author:  Kleomenes [ Tue May 13, 2008 9:34 pm ]
Post subject:  Epic prices vs Inflation (UK)


(Dwarf Supreme @ May 13 2008,17:43)
QUOTE

(Rug @ May 13 2008,12:32)
QUOTE
Bear in mind the change from lead to white metal too.

That's a good point. I think I remember a noticeable price hike for SM2 minis when they were converted from lead to pewter. However, that (and inflation) still doesn't explain the the nearly quadrupling in price for the Reaver in the US.

I think the lead to pewter rise was in the order of 20-25%.

Author:  Slaytanist [ Tue May 13, 2008 9:44 pm ]
Post subject:  Epic prices vs Inflation (UK)

Shame there seems to be no data around for disposable income, what with housing, fuel and energy prices through the roof.

Author:  Otterman [ Tue May 13, 2008 9:55 pm ]
Post subject:  Epic prices vs Inflation (UK)

Kleomenes, do you mean the rise was in the raw material, or that GW cranked their final, retail prices up around 25%?

Author:  Warmaster Nice [ Tue May 13, 2008 10:45 pm ]
Post subject:  Epic prices vs Inflation (UK)

Sgiuggoths are another hairy example... 1997 price ?5 for 2... 2008 price ?10 for 1....

Author:  Heresiarch [ Tue May 13, 2008 10:57 pm ]
Post subject:  Epic prices vs Inflation (UK)

Oddly enough the price of lead actually dropped by about 30% in terms of cost per pound between 1989 and 1993. Tin also did much the same although the price only dropped by about 20%.

http://minerals.usgs.gov/minerals/pubs/metal_prices/

So... in terms of base metal involved there was roughly a 500% jump or so of the cost involved when you switched from lead to pewter.





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