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.
at

1 comment:

  1. LeoNovember 11, 2007 1:58 PM

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

    ReplyDelete