Comments on: What Inflation? Products That Cost Less Today Than in 2000 http://www.mint.com/blog/trends/what-inflation-products-that-cost-less-today-than-in-2000/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sat, 11 Feb 2012 21:46:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: John http://www.mint.com/blog/trends/what-inflation-products-that-cost-less-today-than-in-2000/comment-page-1/#comment-56000 John Sat, 03 Jul 2010 14:23:21 +0000 http://www.mint.com/blog/?p=12784#comment-56000 Eric, inflation is not a simple average, it's a weighted average. Even if it were a simple average, you've made the universal mistake of thinking that an average is the "middle" value. However, what you're referring to is the MEDIAN. It would be possible for 90% of products to grow slower than the average inflation rate if there were some outrageous inflation going on for certain expensive products, thereby skewing the average. Half above / half below and average is usually a false assumption, unless you're dealing with a perfectly symmetrical distribution. Eric, inflation is not a simple average, it’s a weighted average. Even if it were a simple average, you’ve made the universal mistake of thinking that an average is the “middle” value. However, what you’re referring to is the MEDIAN. It would be possible for 90% of products to grow slower than the average inflation rate if there were some outrageous inflation going on for certain expensive products, thereby skewing the average. Half above / half below and average is usually a false assumption, unless you’re dealing with a perfectly symmetrical distribution. ]]> By: Eric http://www.mint.com/blog/trends/what-inflation-products-that-cost-less-today-than-in-2000/comment-page-1/#comment-55987 Eric Fri, 02 Jul 2010 20:02:09 +0000 http://www.mint.com/blog/?p=12784#comment-55987 Adjusting for inflation makes this pointless. Since inflation is an average measure of increase in cost, half the things will grow faster than inflation and half the things will grow slower than inflation. Adjusting for inflation makes this pointless. Since inflation is an average measure of increase in cost, half the things will grow faster than inflation and half the things will grow slower than inflation. ]]> By: Johnson County KS Real Estate http://www.mint.com/blog/trends/what-inflation-products-that-cost-less-today-than-in-2000/comment-page-1/#comment-55980 Johnson County KS Real Estate Fri, 02 Jul 2010 14:15:35 +0000 http://www.mint.com/blog/?p=12784#comment-55980 Wow.. This is some pretty interesting information. I am impressed with everything, except for Walmart's stock. I'm sure there are plenty more companies in their shoes. Wow.. This is some pretty interesting information. I am impressed with everything, except for Walmart’s stock. I’m sure there are plenty more companies in their shoes. ]]> By: Kerrick Matthew Long http://www.mint.com/blog/trends/what-inflation-products-that-cost-less-today-than-in-2000/comment-page-1/#comment-55958 Kerrick Matthew Long Thu, 01 Jul 2010 23:35:06 +0000 http://www.mint.com/blog/?p=12784#comment-55958 "What Inflation? Products That Cost Less Today Than in 2000"... When adjusted for inflation! This isn't as cool of an infographic as it could be. “What Inflation? Products That Cost Less Today Than in 2000″… When adjusted for inflation! This isn’t as cool of an infographic as it could be. ]]> By: Universal Coverage http://www.mint.com/blog/trends/what-inflation-products-that-cost-less-today-than-in-2000/comment-page-1/#comment-55955 Universal Coverage Thu, 01 Jul 2010 22:36:34 +0000 http://www.mint.com/blog/?p=12784#comment-55955 I looked at the chart and it got me thinking: What would this chart look like if the mess of late 2008 didn't happen? I'm sure it wouldn't have looked as favorable as this one does. I looked at the chart and it got me thinking: What would this chart look like if the mess of late 2008 didn’t happen? I’m sure it wouldn’t have looked as favorable as this one does. ]]> By: adam http://www.mint.com/blog/trends/what-inflation-products-that-cost-less-today-than-in-2000/comment-page-1/#comment-55945 adam Thu, 01 Jul 2010 20:12:04 +0000 http://www.mint.com/blog/?p=12784#comment-55945 taken to task by reuters columnist Felix Salmon here http://blogs.reuters.com/felix-salmon/2010/07/01/adventures-in-financial-literacy-mint-com-edition/ taken to task by reuters columnist Felix Salmon here

http://blogs.reuters.com/felix-salmon/2010/07/01/adventures-in-financial-literacy-mint-com-edition/

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