Anonymous
Anonymous asked in Science & MathematicsMathematics · 9 months ago

Using the CPI table, what is the scale factor for going from a 1960 price to a 1980 price?

if something cost $25 in 1960 what is the equivalent value of that price in 1980?

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  • Anonymous
    9 months ago

    You would need to look at the CPI data and how it's defined. Typically, it's along the line of (CPI factor for 1980) / (CPI factor for 1960) * price in 1960.

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