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.
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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.