Quote:
Originally Posted by 05stram
Just glad I do not have inflation like that around where I live. You have experienced a 10% inflation jump in four years  |
10% over 4 years is only an inflation rate slightly less than 2.5% per year (after you figure in compounding). That might be a touch higher than whats been happening lately due to the slow economy, but its actually a bit lower than what has been the average over the last 25 years (about 2.75% per year)
http://www.usinflationcalculator.com...flation-rates/
the site also has a calculator where you can enter the a dollar amount, the 'old year' and the 'new year' and see what inflation would do to the price. Using that, an item costing 39,995 in 2009 would cost $43,349.53 today based solely on inflation. That doesn't take into account commodities prices or exchange rates (the Australian dollar is worth much more now than it was 4 years ago) or all the other things that Angrybird mentioned but it does cover 75% of the price increase all by itself.