Questions People Ask When I Tell Them I Own an Airplane

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.

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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.

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