Update on Price Inflation - What Was That CPI Figure?
A few months ago in an earlier post, I whined about the price of M&Ms, or more accurately about the dollar's decline. I noted therein that my favorite little candies had gone from 5 cents when I was a girl in the 1950s, through 55 cents when I had my own little store in the 1990s, to 99 cents at my local supermarket in 2011. So today, I was not particularly surprised to see that my little packet of goodies is now $1.19 in the same supermarket.
But when I did the calculations, I realized that's a 20 percent increase in three years. That's almost 24 times the 5 cents I paid in the early 1950s....
What?? That may be par for the course, but let's ask the obvious question: What was that CPI figure again??
|Thanks to Wikipedia and Scott Ehardt for this image.|