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Inflation Calculator
http://www.usinflationcalculator.com/ ^

Posted on 04/07/2013 11:56:23 AM PDT by fella

Have some fun with this Inflation Calculator.

TOPICS: Chit/Chat
KEYWORDS: inflation; inflationcalculator; sourcetitlenoturl
In 1961 my Dad gave me a 20 dollar bill, today I would have to give my Grandchild over 150 dollars to equal the buying power. No wonder the 'Progressives" want to kill off the older generations, we remember to much.
1 posted on 04/07/2013 11:56:23 AM PDT by fella

To: fella
Oooops missed an n and spell check doesn't work when posting.
2 posted on 04/07/2013 11:59:21 AM PDT by fella ("As it was before Noah, so shall it be again,")

To: fella

I like inflatio. It usually ends after you get married.

3 posted on 04/07/2013 11:59:35 AM PDT by DainBramage

To: fella

The truth is even more dramatic. This calculator uses the BLS CPI as its basis. The Federal government has been redefining the CPI to lessen its impact and continues to do so. I just love it when the monthly announcement of a low CPI increase is made with the footnote that it excludes food and energy. Another example of reduction adjustments is when the consumer substitutes a cheaper item because the original has become too expensive. That substitution is considered an equivalent exchange and therefore the increase in cost of the more expensive/higher quality item is not considered in the CPI calculation. Short version: the books are cooked.

4 posted on 04/07/2013 12:07:37 PM PDT by Truth29

To: Truth29

Exactly. If this wre an accurate calculation, then gas would be \$2.62/gal now based on my first job at a gas station in 1959 (Sunoco: \$0.299/gal).

TC

5 posted on 04/07/2013 12:20:19 PM PDT by Pentagon Leatherneck

To: Pentagon Leatherneck

You can still buy a gallon of gas for 20¢.

Provided both those dimes are 1964 or earlier silver dimes...

6 posted on 04/07/2013 12:36:55 PM PDT by null and void (Gun confiscation enables tyranny. Republicans create the tools of oppression and Democrats use them.)

To: Pentagon Leatherneck
If this wre an accurate calculation, then gas would be \$2.62/gal now based on my first job at a gas station in 1959 (Sunoco: \$0.299/gal).

That's why things like CPI calculators are fun but ultimately useless. There is no such thing as a "price level". Every item's price rises and falls separately from every other's.

The idea of a price level is a Keynesian concoction that bears no resemblance to reality.

7 posted on 04/07/2013 2:34:07 PM PDT by BfloGuy (The economy is not a pie, but a bakery.)

To: fella

What did Henry Ford get the price of a Model T down to?

\$260 or so.

\$6,100 today.

8 posted on 04/07/2013 2:49:18 PM PDT by FoxPro

To: fella

PING

9 posted on 04/07/2013 3:26:05 PM PDT by Dick Vomer (democrats are like flies, whatever they don't eat they sh#t on.)

To: fella

Doesnt work very well. I bought a Pinto for 2000K in 1973 and the calculator tells me that a cheap car would cost over 100K now.

10 posted on 04/07/2013 3:28:40 PM PDT by Chickensoup (200 million unarmed " people killed in the 20th century by Leftist Totalitarian Fascists)

To: Chickensoup

That is 2000 dollars not 2000K.

11 posted on 04/07/2013 3:29:31 PM PDT by Chickensoup (200 million unarmed " people killed in the 20th century by Leftist Totalitarian Fascists)

To: FoxPro

It way underestimates. I have some magazines from the 20’s and tested against prices in the advertisements.
For example 5 cents for a Coke would be .66 cents now - very low.

12 posted on 04/07/2013 8:29:08 PM PDT by thefoundersrock (Democrats - Destroying the family, the Constitution and the economy since the 1930's!)

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