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Unread 01-16-2012, 11:31 PM   #1
Curly1
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Unread 01-17-2012, 12:20 PM   #2
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Default Rate of Inflation

According to the Historical CPI-U Data the rate of inflation from Jan. 1970 to Nov. 2011 (last available), the rate of inflation was 598.4%. That would make a $25.00 item worth $149.60, a $29.00 item $173.40 and a $35.00 item 209.44. Still not a bad price for a Luger or a C96 Broomhandle.

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Unread 01-18-2012, 04:45 PM   #3
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Quote:
Originally Posted by Arizona Slim View Post
That would make a $25.00 item worth $149.60, ....

Lon
Your math is not correct, you just calculated 25% out of 598.4 when in fact you had to multiply $25 by 598.4 rate of inflation which also won't be correct because it will not take into account compound effect of inflation over the years.
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Unread 02-15-2012, 11:38 AM   #4
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Quote:
According to the Historical CPI-U Data the rate of inflation from Jan. 1970 to Nov. 2011 (last available), the rate of inflation was 598.4%. That would make a $25.00 item worth $149.60, a $29.00 item $173.40 and a $35.00 item 209.44. Still not a bad price for a Luger or a C96 Broomhandle.
In 1986 I could have bought one share of Microsoft at its opening day close of $28.00. Instead I went to the movies with a girl I don't know anymore.


... and that's not counting dividends!

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