Inflation
WHAT WILL INFLATION DO TO YOUR ESTATE?
The Consumer Price Index is the government's
statistical measure of the changes in prices of goods
and services bought by urban wage earners and clerical
workers. It is commonly used to measure the rate of
inflation.
PERCENT PURCHASING POWER
YEAR INDEX INCREASE OF THE DOLLAR*
1967 (Base) 100.0 -- $1.00
1968 104.2 4.2% .96
1969 109.8 5.4% .91
1970 116.3 5.9% .86
1971 121.3 4.3% .82
1972 125.3 3.3% .80
1973 133.1 6.2% .75
1974 147.7 11.0% .68
1975 161.2 9.1% .62
1976 170.5 5.8% .59
1977 181.5 6.5% .55
1978 195.4 7.7% .51
1979 217.4 11.3% .46
1980 246.8 13.5% .41
1981 272.4 10.4% .37
1982 290.6 6.7% .34
1983 301.5 3.8% .33
1984 312.2 3.5% .32
1985 323.4 3.6% .31
1986 325.7 0.7% .31
1987 340.2 4.4% .29
1988 357.9 5.2% .28
1989 371.1 3.7% .27
1990 399.4 7.6% .25
1991 404.7 1.3% .25
1992 416.3 2.9% .24
1993 423.1** 1.6% .24
SOURCE: U.S. Bureau of Labor Statistics, Monthly Labor
Review and Handbook of Labor Statistics, Annual.
Purchasing power of the dollar is rounded off to the
nearest cent. U.S. city average. Urban wage earners
and clerical workers.
Base year index of 100 is divided by the index for
the year in question.
If the 1982-84 Base Year is used, the December 1993
Index is 142.1 and the percentage increase is 2.5%.
