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Discussion in 'The Okie Corral' started by RWBlue, Apr 28, 2012.
How much has the cost of living gone up in the last year?
And how do I calculate it?
According to the gubber-mint ? ......
Consumer Price Index.
You can find it with all kinds of data for food, fuel etc.
Unfortunately, inflation is not linear and therefore hard to discuss in a meaningful way.
For example, over the last 20 years food costs have actually gone down in inflation adjusted terms relative to what we paid for the same items in 1992.
Fuel, even at $4 a gallon has barely kept up with inflation since 1992.
But you see spikes in prices and that skews our perception.
Look at technology and computer prices. The first cell phone by motorola came out in the early 80's and cost $3400!!! (and all it could do is make a phone call). I paid over $2k for my 386 Computer with 64 MB ram and 400 Mb Hard drive in the mid 90's. Hell, my cell phone has more capability than that machine had and I get it for $200 with a 2 year service plan!
The cost of housing spike in 2007. But prices have come back down to 2002 levels in many areas. Even more in the highly appreciated areas from the top of the bubble.
Go to the CPI website. There is a TON of data there. Don't believe the hype about government hiding numbers. If you go to the CPI website you'll see its all there in exquisite detail.
I would like the truth.
Yes, I can handle it.
As with what Big Bird said.....it is not exactly what most think it is.
I think we may be talking across topics.
The cost of living I am talking about can be considered inflation. i.e. If gas cost $1 last year and is now $2, that % is the number I want to know.
Apparently the cost of hookers abroad has gone up substantially...
The number you are looking for will vary with who calculates it and how it is calculated. I don't trust government numbers at all. But that's just me... The FED claims 2% inflation.
Try www.shadowstats.com - they calculate today's inflation in the same manner as it was calculated in 1980 and in 1990. IIRC inflation, calculated as 1980, is currently ~10%.
Check it out - you may or may not agree with the guy.
His unemployment figures are interesting too.
I recieved a 3% wage increase in April, somehow I can't seem to find it when I pay all the bills and we do live very frugal....but then Moochelle can take a bunch of her buddies to Spain for 5 days for a Junket on mostly our dime so that damn sure makes me feel better.:-(
Can you explain the food getting cheaper bit? I'm having a hard time getting my head around it.
I do know that $100 worth of normal groceries barely covers the bottom of the cart. Was it that long ago when that same $100 would have almost filled the cart?
We used the CPI to calculate raises in the non profit I worked with. Not perfect but pretty widely available.
I don't know any numbers but it has gone up a crap load
In that case it has gone up 100%
CPI is an unreliable measure of inflation.
If you compare how much the average person is making to the cost of a loaf of bread, you can buy more bread today than in the 50s.
On the other hand, a loaf of bread cost .05 back in the 50s and I paid $4 the other day for some bread.
I'll buy that. I'm talking more like the last 12 years.
Blue - dig around in here
Guys, go the the CPI website. I know you think you know what the CPI is... But the website has price data for all kinds of goods. There are datasets for gasoline, milk, you name it... If you look at the dataset for gasoline you can see what I'm talking about. There's nothing fudged about those sets. Gasoline is around $4 a gallon--it shows up in the dataset.
There are also calculators that will tell you what $4.22 today would have bought in 1992, or 1987 etc.
Certified Funds. Food prices over the last 20 years have not kept pace with inflation. While food prices have indeed risen. Relative to the rate of inflation over the last 20 years the cost of food has actually declined.
For the fellow who said prices are only relevant when you take into consideration the return on investments and interest rates--I respectfully disagree.
So how much has the cost of living gone up in the past year?
If last year my budget was x, what should it be this year?