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In the US in consumer goods and services

2006-12-23 03:23:05 · 2 answers · asked by dcmcd3 1 in Business & Finance Other - Business & Finance

2 answers

47.94% using the "old method".

The traditional measure of inflation is the Consumer Price Index for consumer goods and services. CPI measures a basket of goods and services, which is supposed to represent the average Joe's consumption. Naturally, it is going to be wildly different from person to person (e.g. urban vs. rural, rich vs. poor, old vs. young, you vs. me) but that's semantics.

The CPI basket has been tinkered with, the most recent major change in 1998. Therefore the 1991 comparison to today needs to use pre-1998 basket to be apples-to-apples comparison.

The government's website is quite helpful if you need more information (including the hard data on CPI levels then and now).

2006-12-28 01:23:30 · answer #1 · answered by csanda 6 · 0 0

Let's see a loaf of bread in 1991 $.89 to 1.39 ea. Today 2.89 to 4.39 Looks to be about 325 % increase and that's almost on everything.

2006-12-28 21:30:17 · answer #2 · answered by Rich goldie 3 · 0 0

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