Sunday, August 12, 2012

Technology to the rescue: inflation calculators

If a muskrat coat was valued at $200 in 1948, how much money would that be today, adjusted for inflation?  I wondered about this because I'd come into possession of a storage receipt in the course of my research for a book on Hartford's G. Fox & Co. department store.

Thankfully, the U.S. Department of Labor's Bureau of Labor Statistics has an online calculator for just such a job. Your tax dollars at work.

The answer, by the way, is $1,904.38.

If you own an iPhone, there are also apps for that, of course.