Monday, March 28, 2011

handy inflation calculator

The Reserve Bank of NZ has had on its website for several years a handy little calculator for adjusting the values of anything since 1862 for inflation since.

For example, prices have increased 60% over the last 20 years so something that cost $50 in the first quarter of 1991 should cost $80 now, if adjusted for inflation.  Have our book prices kept pace with inflation?  In comparing equivalent specifications, some have and some haven't. 

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