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How do I find out value in today's dollars?
my inquisitive mind
| 10/14/2001
Posted on 10/14/2001 7:50:45 PM PDT by Heisenburger
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Any help would be appreciated.
To: Heisenburger
No offense, but did you try doing a search before asking? It was the first result on google:
http://www.google.com/search?q=inflation+calculator
2
posted on
10/14/2001 7:55:07 PM PDT
by
good_ash
To: Heisenburger
Try this. http://www.westegg.com/inflation/
3
posted on
10/14/2001 7:56:08 PM PDT
by
epow
To: Heisenburger
4
posted on
10/14/2001 7:56:32 PM PDT
by
eabinga
To: Heisenburger
http://www.jsc.nasa.gov/bu2/inflate.html Did you try a web search? I found the above in less than 15 seconds!
5
posted on
10/14/2001 7:56:40 PM PDT
by
cinFLA
To: Heisenburger
Very simple. Do you a spreadsheet like Excel? If so, simply downland the consumer price index (CPI) from the web (can be found by using a search engine such as Google or Hotbot) and paste into Excel. You put the value in 1948 in the first cell in a column next to the CPI data. Multiply the value of the 1948 value by 1+CPI for 1949 (if annual CPI is used). The multiply this new value by 1+CPI for 1950, etc., etc. Eventually, you will get the 1948 value grossed up to 2001.
If you use monthly CPI, it is the same procedure. Using the copy and paste command to perform the operation.
I hope this helps.
6
posted on
10/14/2001 7:56:51 PM PDT
by
MFSanders
To: Heisenburger
There will be some type of index. You will multiply that number by the 1948 dollars...
7
posted on
10/14/2001 7:57:16 PM PDT
by
cactmh
To: cactmh
And the answer is?
8
posted on
10/14/2001 8:00:16 PM PDT
by
ex-Texan
To: epow
I see the inflation calculator I referenced only goes to the year 2000. I would take that figure and multiply by about 1.05 to get a current figure, or about 1.035 to get a figure for the beginning of year 2001. It's going to be in the ballpark of $100 billion.
9
posted on
10/14/2001 8:03:54 PM PDT
by
epow
To: Heisenburger
What cost $13000000000 in 1948 would cost $96842756713.51 in 2000.
Equivalently, if you were to buy exactly the same products in 2000 and 1948, they would cost you $13000000000 and $1745096956.50 respectively.
Click Here for calculator.
10
posted on
10/14/2001 8:06:10 PM PDT
by
Justice
To: Heisenburger
was the marshall plan aid (gifts) or loans? at what interest? and how much did america profit from the loans?
I'm too lazy to look this up, figured you might know...
11
posted on
10/14/2001 8:13:42 PM PDT
by
gfactor
Comment #12 Removed by Moderator
To: ex-Texan
And the answer is? You just subtract .99 from a dollar. LOL!
To: Heisenburger
1948 $1.00 ..2001 $7.48...according to the Fed
http://minneapolisfed.org/economy/calc/cpihome.html
14
posted on
10/14/2001 8:38:11 PM PDT
by
robnoel
To: Heisenburger
Here is a converter formula:
link --Raoul
Comment #16 Removed by Moderator
To: Heisenburger
The figures here are a little low. In about 58 the Eisenhower budget was an incredible $50,000,000,000. In 1948 a yearly salary of $6,000 per year was large. The average national salary was about $55.00 per week.
17
posted on
10/14/2001 9:07:07 PM PDT
by
RLK
To: LLAN-DDEUSANT
Many of the prices involved are artificially supported, and overall there has been a remarkable decline in the quality of many other things. Overall, the quality of items has increased tremendously. For example, compare the quality of a car radio! Few lasted more than few years and were terrible battery drainers. How about clocks and watches? TV's of yesteryear required much maintenance to keep alignments and tubes replaced. I remember color TV's had to be adjusted periodically.
18
posted on
10/14/2001 9:20:28 PM PDT
by
cinFLA
Comment #19 Removed by Moderator
To: LLAN-DDEUSANT
The biggest thing is that in 1948 you could raise a family on a one person income of 10,000, and in most families today a comfortable income level requires two folks working. Reduce income taxes and go back to the 1948 standard of living and you can still live on one salary!
20
posted on
10/15/2001 6:50:04 AM PDT
by
cinFLA
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