Loading ...We can’t trust the CPI Index because the Fed always under stated the real CPI, and used Hedonics often to lower the values of some products. As for the numbers on the left side it the chart, if they denoted US Dollars, the $5 mark in 1970 today would be $100. Not 30. So we don’t know what those left side number mean. The angle up is correct.
Calculating the constant value of the US Dollar has been my hobby since 1965. Years ago everything costs 10 times more. These days everything in 20 times more. Maybe even more now with what going on and new cars selling for over list price.
Do we have a good math person in the tent?? Question. If a product cost over 50 years, goes from $1 to $20 what is the annual CPI inflation rate??? As a shae guess I’m saying 7-8%.