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Does that account for inflation? Because I believe you could buy way more for $100 in the early 19th century...
by bserge 6y ago
Does that account for inflation? Because I believe you could buy way more for $100 in the early 19th century...
- mehrdadn 6y agoBelieve it or not, it appears to have NOT been adjusted for inflation. (So, multiply it by 15x.) See the $249.60 per year figure here and the following paragraph. http://lestweforget.hamptonu.edu/page.cfm?uuid=9FEC4E79-B361-4EEE-E0FADE75507425B7 http://lestweforget.hamptonu.edu/page.cfm?uuid=9FEC4E79-B361...
- srtjstjsj 6y agoadjusting for inflation is also adjusting for purchasing power, so the old numbers might be a better reference point for low Cost of Living in India