Hacker News new | ask | show | jobs
by londons_explore 2080 days ago
I'd like to see independent (ie. Not made by government agencies) estimates of real world inflation.

Do they exist?

2 comments

See the Billion Prices Project by MIT for all things inflation. Still lots of government data there though.
Google "Big Mac Index" for an example.

TLDR: inflation doubles prices in 18 years. So it is math.pow(2.0, 1.0/18.0) - 1 = 3.8% per year between 1986 and 2004.

4.15% between 2004 and 2013 and has been rising further. Let's assume it's 4.3% to 4.5% now ...