RE:RE:RE:RE:RE:Bloomberg's report on Iran's plan to attack Israel:consumer index inflation calculator is useless but your
woodstock ticket price inflation calculator to today's taylor swift ticket price is your experienced way to evaluate inflation. No change on my view of you, a poser analyst
Experienced wrote: Picking a year and using an inflation calculator to say the current price of something is cheap or not is a silly argument.
To prove the point, oil was $1.88 a barrel in 1926. The inflation adjusted price today is less than half the current oil price. So using that measure oil is very expensive today. Conversely an iPad today costs less than the price when Apple introduced it in late 2010. What does all this really say? Using such measures is useless. Using an inflation calculator ignores basic economics and associated technology.
Is oil today cheap or expensive relative to the price in some bygone era? I dunno but the current price reflects the supply and demand situation now with exception of short term price inefficiencies and as an investor that is what is important in making decisions not the result using an inflation calculator.