How.....Cost of living?
#221027 - 10/24/05 05:53 PM
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Shell Marr
Reged: 08/04/03
Posts: 14959
Loc: Seattle, WA USA
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How does one figure out how much the cost of living has increased from one year to the next?
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Well if you're thinking personally then tally up your monthly outgoings from one year to the next (cutting out things you only have one year, like if you get a new TV deal or something).
The Government's have a HUGE long list of things they track from the cost of a loaf of bread to the cost of a house. There must be some info on a website somewhere on that!
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The general way to do it is to find the Consumer Price Index (CPI) - although not perfect, it does track the prices of a great deal of commonly purchased products. It is also widely available.
To calculate the rate of inflation (assuming they don't give it to you automatically), just divide the current years number (lets say 110) from the previous year (100) and you'll get a percentage (1.1, or 10% increase).
Hope this helps!
- Vincent
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Thanks Linz & Vincent..... I'm preparing to ask for a pay raise after the first of the year... and just wanted to have all my ducks in a row!! 
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...once you find out? Thanks!
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Ah okay...
#221119 - 10/25/05 07:58 AM
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Linz
Reged: 09/01/03
Posts: 8242
Loc: England
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...so just use the Government info IMHO.
Hope it helps!
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