[sotd] February 8, 2005 [Consumer Price Index Calculator]

        Site of the Day for Tuesday, February 8, 2005

        Consumer Price Index Calculator --  What Is a Dollar Worth?

Today's web page, from the Federal Reserve Bank of Minneapolis, offers a
handy tool to determine the cost of goods over time. Of particular interest
to Gentle Subscribers in the U.S, the calculator uses the Consumer Price
Index to find out how prices have changed over the years.

"What would an item or service purchased in 2004 be worth in 19?? dollars?
... What would an item or service purchased in 19?? be worth in 2004
dollars?" - from the website

The calculator can be used for any year, from 1913 onwards. The results
show how much the goods and services purchased in year "X" would cost in
year "Y". In addition, using the included Consumer Price Index and
Inflation Rates table with the handy formula provided, the cost of a
service or product can be determined relative to the increase in the price
of other goods and services over the years.

March over to the web page for this handy reference for tracking the cost
of essentials over more than 90 years at:

http://woodrow.mpls.frb.fed.us/Research/data/us/calc/index.cfm


  A.M. Holm
<admin-sotd@xxxxxxxxxxxxxx>
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