The problem with CPI inflation calculators is they don’t reflect real costs. The real cost of getting a 4x photo taken at those fun photos booths is ~20$ for the ones I’ve seen.
That’s exactly what CPI is based on, it’s just that it’s the average of everything someone would generally buy, so things like food and technology that haven’t experienced as much inflation weigh the average down.
Based on this photo, inflation is up 40x since 1979
Looks like 412%
The problem with CPI inflation calculators is they don’t reflect real costs. The real cost of getting a 4x photo taken at those fun photos booths is ~20$ for the ones I’ve seen.
So no, I do not mean 4x. I mean 40x.
That’s exactly what CPI is based on, it’s just that it’s the average of everything someone would generally buy, so things like food and technology that haven’t experienced as much inflation weigh the average down.