how can i calculate consumer price index numbers?

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how can i calculate consumer price index numbers?

2007-10-18 17:57:12 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

2 answers

The consumer price index is the primary measurement of inflation on a given product.

A good website for you to check out is:

http://www.inflationdata.com/inflation/Articles/CalculateInflation.asp

2007-10-18 18:18:16 · answer #1 · answered by mollyflan 6 · 0⤊ 0⤋

I've linked to a government CPI calculator.

For instance, $800 in 1979 is equal to $2,273 now.

Why that figure? That was the price of gold back then. So when you hear people tell you about how gold protects against inflation, tell them that gold should equal over $2k now if that's true. It doesn't even come close.

2007-10-19 01:05:33 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 1⤋