on 1/7/03 7:09 PM, Joe Gwinn at joegwinn@xxxxxxxxx wrote:
> The highest inflation rate the US got was ~210er year, in the 1970s.
> Reagan put a stop to it.
>
> In some South American countries the inflation rate is very high, like 400er
> month, if I recall the newspaper accounts. The end is neigh; they will soon
> collapse. Even if it's only 400er year.
>
I remember it only got up to about 14% about 1980-81 (?) and much of that
was due to a runup in oil (gasoline) prices due to the fall of the Shah of
Iran... Maybe mortgage rates went as high as 21%, they typically run about
3-50ver the inflation rate.
Another point to make is that 'inflation' is really a measurement of the
price increases in a 'basket' of goods and services; if you are a consumer
of specialized services or goods that aren't measured in the government's
'basket' your -personal- inflation rate could be much higher... just look at
the price of titanium OM-3's for instance...
--
Jim Brokaw
OM-'s of all sorts, and no OM-oney...
< This message was delivered via the Olympus Mailing List >
< For questions, mailto:owner-olympus@xxxxxxxxxxxxxxx >
< Web Page: http://Zuiko.sls.bc.ca/swright/olympuslist.html >
|