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Clearly those numbers are wrong -- otherwise a $5 loaf of bread today would've cost us about $.95 in 2002 (and about $.18 in 1997). I believe the historic aver
by ed 19y ago
Clearly those numbers are wrong -- otherwise a $5 loaf of bread today would've cost us about $.95 in 2002 (and about $.18 in 1997).
I believe the historic average rate of inflation in the US is closer to 2.5%.
- rms 19y agoOK, I misinterpreted their commodity-price index. However, it is a leading indicator of inflation and as that, it seems more reasonable.
- ed 19y agoNo, you actually want the _other_ CPI (consumer price index). Historical TTM: http://inflationdata.com/inflation/Inflation_Rate/HistoricalInflation.aspx http://inflationdata.com/inflation/Inflation_Rate/Historical...
- timr 19y agoThe CPI is influenced by the political winds (e.g. right now, it rather heavily weights technology items, and down-weights fuel and food costs, which are experiencing much greater price inflation). The commodity price index might just be a better indication of actual inflationary pressures for real people.
- deleted 19y ago[deleted]
- deleted 19y ago[deleted]
- ed 19y agoAs it affects the short term, that's a good point. I'd make the argument that CPI is a better long-term indicator but over enough time the two indexes should show the same average rate of growth. Timr: just out of curiosity, what start-up are you working for in Seattle?