News for hackers. Stuff that matters.
Re:Questions People Ask When I Tell Them I Own an Airplane by sokoloff on Thursday February 20, 2014 @06:16AM (#7270186)
That's what 4.1% annual inflation compounded over 10 years will do.

In real dollar terms, that price is very close to what it was 10 years ago.

Re:Questions People Ask When I Tell Them I Own an Airplane by mercutio2 on Thursday February 20, 2014 @11:15AM (#7271556)
Where do you get 4.1% inflation from? CPI for the USD hasn't gone up by that much in a single year for the last decade, annualized inflation is closer to 2.5% over that period.
Re:Questions People Ask When I Tell Them I Own an Airplane by sokoloff on Thursday February 20, 2014 @11:24AM (#7271619)
4.1% is the 10th root of 150% minus 1.

"OMG, this cost went up 50% over ten years!" sounds like a dire situation, when in fact it's a tiny margin over whatever inflation measure you prefer.

If you take 2.5% as the annualized inflation, that's 28% over that 10 year period, meaning the other 17% increase is 1.6% "real dollar increase" per year. Hardly frightening, IMO.

Re:Questions People Ask When I Tell Them I Own an Airplane by mercutio2 on Thursday February 20, 2014 @08:30PM (#7274890)
Ah. I interpreted your statement as "we had 4.1% inflation in the last decade". Your intent was "it's as if we 'd had 4.1% inflation, not much more than actual inflation".

I completely agree that nominal gas rates aren't the right measure, and the real price increase has indeed been tiny.

Re:Questions People Ask When I Tell Them I Own an Airplane by bergie on Thursday February 20, 2014 @09:00AM (#7270724)
Euro area inflation has been way lower than that, it seems. Including negative % on some years
Re:Questions People Ask When I Tell Them I Own an Airplane by scott_karana on Thursday February 20, 2014 @01:07PM (#7272469)
Have fuel costs and taxes also done the same, though? Fuel will make the majority of operating costs if you fly with any frequency, I suspect.