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"The new figure represents a $700 million increase over previous estimates, with organizers saying they had to adjust for inflation after L.A., which originally
by Aloha 8y ago
"The new figure represents a $700 million increase over previous estimates, with organizers saying they had to adjust for inflation after L.A., which originally bid for the 2024 Games, agreed to wait four more years."
Not much of a news story here - wait four years, inflation goes up - when you're looking at 6b, 700m in inflation seems reasonable with the state of inflation in the economy.
- ra1n85 8y ago>with the state of inflation in the economy. Could you provide a reference there? A 10%+ increase over four years seems excessive.
- Aloha 8y agohttps://www.usinflationcalculator.com/inflation/current-inflation-rates/ https://www.usinflationcalculator.com/inflation/current-infl... It comes out to about 2% a year.
- ericsoderstrom 8y ago1.024^4 = 1.10 Inflation is usually targeted between 2% and 2.5%. So an estimated 10% over four years seems reasonable.