To: Saundra Duffy
Why be upset. Back in '59 I paid 25 cents per gallon and only made $1.70 per hour. Using those figures with inflation paying $10 per gallon would not be out of line.
To: Pepper's_Paw
Good perspective. $1 for 20 oz of bottled water = OK.. $2 for 64 oz of gasoline = sky is falling.
CG
69 posted on
03/02/2004 8:51:51 AM PST by
Conspiracy Guy
(The word "Tagline" needs to be added to Free Republic's Spell Check.)
To: Pepper's_Paw
"Back in '59 I paid 25 cents per gallon and only made $1.70 per hour. Using those figures with inflation paying $10 per gallon would not be out of line. " there you go kids, more "new math" from the public schools.
To: Pepper's_Paw
Inflation calculatorAbout the CPI inflation calculator
The CPI inflation calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used.
$0.25 in 1959 has the same buying power as $1.59 in 2004.
Time value of money
Consumer Price Index
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson