Tuesday, March 28, 2006

Inflation rate over 50 years

50 years ago, the Reader's Digest magazine cost $1. Now, it cost $9.50.

What is the inflation rate over the past 50 years, for this magazine?

My financial calculator showed 4.6% per annum.

1 comment:

Leonard said...

Dear Mr. Tan, do you think the CPI inflation's basket isn't representative of the average Singaporean's purchasing habit?

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