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Inflation Guide Chapter 3: Nominal versus real prices.

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If there are changes in the price level, how do we use that information to convert the prices we see everyday into numbers that we can actually compare? Learn how to convert prices into "real" values. See the complete citizen's guide to understanding inflation: www.inflationguide.org © International Budget Partnership, 2012. Author: Jason Lakin, Program Officer and Research Fellow, International Budget Partnership Creative design and animation: Formula D interactive Website: www.formula-d.com This is a publication of the International Budget Partnership. The IBP produced the guide to support civil society, citizens, and other public finance stakeholders in thier efforts to understand and influence public finance processes and policies and other educational purposes. If you would like to use some or all of the guide for educational, noncommercial purposes, please contact: [email protected] for permission to do so. U.S. 820 First Street, NE Suite 510 Washington, DC 20002 U.S. Tel: +1 202 408 1080 | Fax: +1 202 408 8173 South Africa International Budget Partnership c/o ISS 2nd Floor The Amoury Buchanan Square 160 Sir Lowry Road Woodstock 7925 Tel: +27-021-461-7211 | Fax: +27-021-461-7213 Mexico. Xicotencatl 370-601 Del. Carmen Coyoacán, C.P. 04100 México, D.F. Tel: +5255 5658 3165 | +5255 5282 0036 India 802 Raj Atlantis Near SVP School, off Mira-Bhayender Road Beverly Park, Mira Road (East) 401107 India Tel: +91 22 2811 4868 | +91 96 6507 1392 Or email us at: [email protected] www.internationalbudget.org
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Text Comments (5)
RocioNicte (2 months ago)
nice video
Mone Anderson (4 months ago)
saying 2002 is sp damn annoying
Mathieu (4 years ago)
Clear video! However, there is a little mistake in your video. If $200 in 2002 equals $66 in 2010, then your weight scale at 2:55 is incorrect. The $66 should be $33 (1/3). Just saying :)
Chester Williams (4 years ago)
Did you remember to multiply the (1/3) by 200? Accounting for inflation = inflation rate x nominal price, so 66 ~ (1/3) x 200
OJOk (5 years ago)
This is brilliant! Thank you very much

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