Okey. So by this calculation, a 35 cent book in 1960 should
cost about $2.25 today. The trick is, no such books exist.
What's up with that?
Patrick King
--- jacquesdebierue <
jacquesdebierue@yahoo.com> wrote:
> Patrick, according to one inflation
calculator,
> based on the Consumer
> Price Index (not exactly the same as
inflation),
> what cost $1 in 1960
> would cost $6.68 in 2006. This is based on a
general
> index and is not
> an accurate way to proceed, but it gives a
general
> idea. I emphasize
> that there is no a priori reason why books or
any
> single commodity
> should inflate according to a general
index.
>
> If you want to try other calculations, the link
is:
>
> http://www.westegg.com/inflation/
>
> which has other useful links.
>
> Best,
>
> mrt
>
>
>
>
>
>
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