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post #1 of 23 (permalink) Old 04-09-2008, 10:07 AM Thread Starter
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Hey Economists

I need a number. can one of you calculate the percentage cost of living increase from 2000 to now?




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post #2 of 23 (permalink) Old 04-09-2008, 10:10 AM
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tony, just compare how much a grande at starbucks was then and compare it to now....i know you have all that in your head anyway

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post #3 of 23 (permalink) Old 04-09-2008, 10:11 AM Thread Starter
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Quote:
Originally Posted by Silentalero View Post
tony, just compare how much a grande at starbucks was then and compare it to now....i know you have all that in your head anyway
I wasnt drinking starbucks back then. and this is serious I need a number, trying to figure some shit out for work.




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post #4 of 23 (permalink) Old 04-09-2008, 10:15 AM
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http://www.inflationdata.com/Inflati...tInflation.asp

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post #5 of 23 (permalink) Old 04-09-2008, 10:17 AM
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http://www.census.gov/compendia/stat...ing_index.html

This will help a bit. It goes from 2000 - 2006 (you can get PDF or Excel). It shows 3.2% overall for 2005 to 2006. If you dig you may find 2007. 2008 is not available yet.

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post #6 of 23 (permalink) Old 04-09-2008, 10:18 AM
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That's a good one - the chart is good.

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post #7 of 23 (permalink) Old 04-09-2008, 10:21 AM
 
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(207.3 - 172.2)/172.2 = about 20% price increase from 2000.
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post #8 of 23 (permalink) Old 04-09-2008, 10:23 AM
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Infaltion numbers

2000 = 3.40%
2001 = 2.8%
2002 = 1.6%
2003 = 2.3%
2004 = 2.7%
2005 = 3.40%
2006 = 3.2%
2007 = 2.8%
2008 = 2.2%

January 2000 to January 2008 it's 25.05% infaltion.
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post #9 of 23 (permalink) Old 04-09-2008, 10:23 AM Thread Starter
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Quote:
Originally Posted by pcohenchicago View Post
That's a good one - the chart is good.
I'm still trying to understand that chart, Am I supposed to add up the average numbers to get the total percentage?




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post #10 of 23 (permalink) Old 04-09-2008, 10:24 AM Thread Starter
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Quote:
Originally Posted by mtndew9 View Post
Infaltion numbers

2000 = 3.40%
2001 = 2.8%
2002 = 1.6%
2003 = 2.3%
2004 = 2.7%
2005 = 3.40%
2006 = 3.2%
2007 = 2.8%
2008 = 2.2%

January 2000 to January 2008 it's 25.05% infaltion.
Perfect, now does this take into account things like gas prices and utility costs or is this just store bought goods?




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post #11 of 23 (permalink) Old 04-09-2008, 10:27 AM
 
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Quote:
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Perfect, now does this take into account things like gas prices and utility costs or is this just store bought goods?
The CPI is a bundle of goods that will include energy cost increases. Gas price increases haven't been increasing only due to inflation but high demand as well. You'd be better off looking at average prices in previous years to be more accurate, if your using this for a cost analysis.
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post #12 of 23 (permalink) Old 04-09-2008, 10:30 AM Thread Starter
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What I'm trying to figure out is a apples to apples percentage of how my pay since 2001 to now has increased compared to cost of living or the chicagoland area. My contention is it has not come close. but i'm looking for hard numbers to prove that.




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post #13 of 23 (permalink) Old 04-09-2008, 10:30 AM
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The numbers I posted are US Retail Price inflation. If you need wage inflation goto the website below and click options on the calc.

Cannot post site yet if you need it PM me.

How to Use Tom's Inflation Calculator
Selectable data sets let you fine-tune Tom's Inflation Calculator for your own purposes. The default data set is U.S. retail price inflation for the years 1666 to 2050. Use this data to see how inflation is affecting the prices of products. Another data set is U.S. wage inflation for the years 1914 to present. Use this data to see how inflation is affecting wages and salaries. Click the Options button to change data sets. Any data set allows you to perform calculations forward or backward in time.
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post #14 of 23 (permalink) Old 04-09-2008, 10:31 AM Thread Starter
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Quote:
Originally Posted by mtndew9 View Post
The numbers I posted are US Retail Price inflation. If you need wage inflation goto the website below and click options on the calc.

Cannot post site yet if you need it PM me.

How to Use Tom's Inflation Calculator
Selectable data sets let you fine-tune Tom's Inflation Calculator for your own purposes. The default data set is U.S. retail price inflation for the years 1666 to 2050. Use this data to see how inflation is affecting the prices of products. Another data set is U.S. wage inflation for the years 1914 to present. Use this data to see how inflation is affecting wages and salaries. Click the Options button to change data sets. Any data set allows you to perform calculations forward or backward in time.
Take the http:www off the link and you should be able to post it.




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post #15 of 23 (permalink) Old 04-09-2008, 10:33 AM
 
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Is your wage now 20% bigger than in 2000? If it is, then you are being paid more than increases in the cost of living. If not, you've basically been reduced in pay...
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post #16 of 23 (permalink) Old 04-09-2008, 10:33 AM
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halfhill.com/inflation.html

If you made 1000.00 in 2000 you would need to make 1242.17 in 2008
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post #17 of 23 (permalink) Old 04-09-2008, 10:41 AM Thread Starter
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Originally Posted by mtndew9 View Post
halfhill.com/inflation.html

If you made 1000.00 in 2000 you would need to make 1242.17 in 2008
Perfect, thanks!

I'm only making 1240.17 annually! I WANT my two dollars!




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post #18 of 23 (permalink) Old 04-09-2008, 10:43 AM
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Perfect, thanks!

I'm only making 1240.17 annually! I WANT my two dollars!
i thought it was in your contract that as a duc owner you could not provide your income earnings due to snobbing rights?

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Watching the Cubs lose is the opposite of appreciating a fine wine ó itís like watching a car accident in progress. Itís horrifying, yet gruesomely riveting, and you canít help but watch and sympathize with the poor souls inside.
Quote:
Originally Posted by burntash View Post
coming to CLSB for relationship advice is like asking fat people in mcdonalds about nutrition.
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post #19 of 23 (permalink) Old 04-09-2008, 10:44 AM Thread Starter
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Originally Posted by Silentalero View Post
i thought it was in your contract that as a duc owner you could not provide your income earnings due to snobbing rights?
Shit man, I make 1200 a year, I got a right to brag




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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

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post #20 of 23 (permalink) Old 04-09-2008, 10:45 AM
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Shit man, I make 1200 a year, I got a right to brag
snob, stop rubbing it in....do you ever pinch yourself and wonder if its all a dream?

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Watching the Cubs lose is the opposite of appreciating a fine wine ó itís like watching a car accident in progress. Itís horrifying, yet gruesomely riveting, and you canít help but watch and sympathize with the poor souls inside.
Quote:
Originally Posted by burntash View Post
coming to CLSB for relationship advice is like asking fat people in mcdonalds about nutrition.
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post #21 of 23 (permalink) Old 04-09-2008, 10:46 AM Thread Starter
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Quote:
Originally Posted by Silentalero View Post
snob, stop rubbing it in....do you ever pinch yourself and wonder if its all a dream?
I do, but then I get arroused.




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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

- Ronald Reagan

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post #22 of 23 (permalink) Old 04-09-2008, 11:03 AM
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So looking through this site the % change in the C.P.I. from 2000 to 2007 was 35.41%?

Is the C.P.I. a close gauge to a cost of living rate?

This is the page I'm refering to.

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post #23 of 23 (permalink) Old 04-09-2008, 11:31 AM
 
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Quote:
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So looking through this site the % change in the C.P.I. from 2000 to 2007 was 35.41%?

Is the C.P.I. a close gauge to a cost of living rate?

This is the page I'm refering to.
I used the same table and I calculated % change at only 20.4%...
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