5 Jul
1999
5 Jul
'99
7:17 p.m.
Upon the date 03:19 PM 7/5/99 +0000, Lawrence Walker said something like:
the
On 2 Jul 99 at 21:01, Christian Fandt wrote:
> Upon the date 11:10 AM 7/1/99 -0700, Kai Kaltenbach said something like:
> >I grabbed the Consumer Price Index history off the web, pasted into Excel,
-- snip --
> >At 11:02 AM 7/1/99 -0600, you (somebody else,
that is... -crf) wrote:
> >>
> >>In a recent auction on eBay, a MITS Floppy Disk Drive was auctioned off at
> >>$565. "WOW!" you may say, but that unit cost $1300 when new, and
that was
> >>in dollars that were a DOLLAR, and not just the price of a candy bar.
> >
> >I suppose there must be a web site, somewhere, that would let you enter
> >a date and a US dollar amount, and would show you the equivalent value
> >in today's dollars, accounting for actual inflation, etc. in the
> >intervening years.
>
Actually there
is something that should give some sort of results you are
looking for. Here's a useful site I found quite awhile ago that is on the
Johnson Space Center server:
http://krakatoa.jsc.nasa.gov/bu2/inflate.html and look at the "GDP
Deflator Inflation Calculator" link.
I suppose it's a valuable tool to forecast project expenses into the future
as project development can last for many years in NASA.
Regards, Chris
-- --
Unfortunately, as you are likely aware of Chris, these price comparisons and
dollar values don't really capture the market realities of the time. Not like
when you were there. The going wage levels, at times inflated prices for some
commodities, and rent,food prices, expectations, and cultural demands also
played a role. Each era has it's "norm" demands and when I reflect back to
40's and 50's our expectations and demands from
that time make the present
ones those that only the wealthy of that era could afford. Hollywood
generally makes as bad a representation when they do their period pieces.
All this is understood well by most of us. The NASA calculator merely gives
a ballpark idea of the value of something in a particular year compared to
dollar value of another year.
Regards, Chris
-- --
Christian Fandt, Electronic/Electrical Historian
Jamestown, NY USA cfandt(a)netsync.net
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