Making the “Invisible Hand” Visible
I have plotted the annual inflation (CPI-U) for transportation sector (cars, trucks, airline fares, public transportation, gasoline, repairs, insurance etc…) and medical care sector (prescription drugs, medical supplies, doctor visits, dentists, hospital services, insurance etc…) from 1935 to 2007.
{Click on the image to take a closer look}
Data from Bureau of Labor Statistics
[tags]United States, Inflation, Medical Care, Transportation[/tags]
Popularity: 4% [?]
Here is the annual percent change of inflation (CPI) in the Untied States from 1774 to 2007, which I graphed in my previous post, but this time I added historical events to the graph: Wars, Banking Panics, Pegging Paper Money to the Gold and Silver Standard, Establishment of the Federal Reserve and the US Mint.
{Click on the image to take a closer look}
Data from MeasuringWorth.org
[tags]United States, Inflation[/tags]
Popularity: 6% [?]
I graphed the annual percent change of inflation (CPI) in the United States from 1774 to 2007 and then added a graph of the CPI index. This index takes $100 in 2007 and shows what the equivalent dollar amount is for each year (so in 1774 that would be $3.77). However, this does not represent the changes in the standard of living, given the invention of new technology.
{Click on the image to take a closer look}
Data from MeasuringWorth.org
[tags]United States, Inflation[/tags]
Popularity: 12% [?]
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