Price/Cost Indexes from 1875 to 1989; Estimated to 2010Hart, Michael
General
Price/Cost Indexes from 1875 to 1989; Estimated to 2010
Hart, Michael
Cost and standard of living
The value of the dollars used in any particular year would
be found in the second column [value compared to 1993]. A
dollar in 2010 will be worth about $.51 1993 dollars while
a dollar from 1978-9 would be worth about $2.00 now.
THE PROJECT GUTENBERG PRICE INDEX FROM 1875 TO 2010
How to use the chart, second set of examples:
To remind you that these figures are presented ONLY as an indicator
and not as anything approaching reality, here are an additional set
of examples from a different report, for several sample years. You
can easily see [where we have integrated them below in the 1989 set
of figures] that not only are the adjustments sometimes quite high,
but that figures from different reports aren't always even remotely
close to each other.
As an example, while working on these figures I noticed a lack of a
period of "double digit inflation" commonly referred to in most all
recent reports on these economic trends. I checked this with local
sources in the field, and was given the following figures which did
include [just barely] some "double digit inflation", but only for a
few years of the 70's and early 80's.
In short, continue to beware of statistics, and please be advised a
bit that while these figures MAY have a certain consistency, within
the columns, that there relation to reality is probably far from an
intensely accurate reflection of real prices over the century.
***
Additional figures from:
Economic Report of the President
base year 82-84
D-D indicates prices from the end of one year
the end of the previous year. . .December
to December is the official terminology.
The adjusted rise is the percentage equivalent to the change
in adjusted prices.
% is Dec to Dec on unadjusted indexes %2 is year to adjusted
Adjusted Rise
Year Price D-D Adj%
1991 136.2 3.1 4.2*
1990 130.7 6.1 5.4
1989 124.0 4.6 4.8
1988 118.3 4.4 4.1
1987 113.6 4.4 3.6
1986 109.6 1.1 1.9
1985 107.6 3.8 3.6
1984 103.9 3.9 4.3
1983 99.6 3.8 3.2
***
THE PROJECT GUTENBERG PRICE INDEX FROM 1875 TO 1989
YEAR: 1989
1993 1.169856 [based on 1989 as 1.000000 base year]
1992 1.124864 [and based on 4.0000% inflation rate]
1991 1.081600
1990 1.040000
Prices will double from 1989 to 2007 at 4.0000%
Prices will double from 1989 to 2012 at 3.0000%
Average price rise for 20 year period 1970-1989 is about 6% [5.94%]
Average price rise for 30 year period 1960-1989 is about 5% [4.89%]
Average price rise for 40 year period 1950-1989 is about 4% [4.32%]
1991 3.1 4.2*
1990 6.1 5.4
Old$/1989$ 1989$/Old$ Yearly % D-D Adj
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account