4 ms·
Inflation Calculator If in 1980 I purchased an item for $1,000.00 then in 2023 that same item would cost: $3,726.35 Cumulative rate of inflation: 272.6%
by MuffinFlavored 3y ago
Inflation Calculator
If in 1980 I purchased an item for $1,000.00 then in 2023 that same item would cost: $3,726.35
Cumulative rate of inflation: 272.6%
- deleted 3y ago[deleted]
- jncfhnb 3y agoCumulative “rate” of inflation is not a thing. You can tell because your number is not a rate. It’s not “per” anything. The average rate of inflation over the period you’ve highlighted is about 3% per year.
- MuffinFlavored 3y ago> Cumulative “rate” of inflation is not a thing. I copied the words from here: https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/
- mr_toad 3y agoYou can just say the “cumulative inflation was 272.6%”, or even “the inflation was 272.6%”.
- jncfhnb 3y agoWell it’s wrong. You need to do (cumulative inflation)^(1/ number years) to figure out what the actual average rate of inflation was over that period. Raw cumulative inflation is really tough to do anything with unless you’re making apples to apples comparisons for two things over the exact same time period. Even then, using average rate of inflation is better because it’s universal.
- spacebacon 3y agoWe got off on the wrong foot. You are actually smart. It just happens to be in a completely matter of technical fact kind of way and I respect that. I will now continue to read the remainder of your comments in a petty attempt to find something to argue with you about. Maybe it will bring out the best in both of us in the process. Write on my friend.
- eps 3y agoGood nitpick.
- nothercastle 3y agoIt’s probably a bit of an undercount. But yeah