Recently I came across a Newspaper ad from 1964 which coincidentally is almost exactly 60 years ago. So, I thought I would look up how much inflation we've had in the last 60 years. According to the U.S. Bureau of Labor Statistics (BLS), total inflation from November 1963 to November 2023 is 896.92%. So, $100 after adjusting for inflation is $996.92. Therefore, we would expect everything to cost about 10 times as much as it did in 1963. Note: We've used November 1963, and November 2023 because that is the most recent data from the U.S. Bureau of Labor Statistics. The advertisement that got me started on this trip down memory lane was for a 1964 RCA Color Television. In those days … [Read more...]