Question
Go online and do a little research into the historical price of something. Compare the price in some years in the past to the price
Go online and do a little research into the historical price of something. Compare the price in some years in the past to the price today. Knowing the average rate of inflation in the United States is 3.43%, did the item you selected price go up (or down) by about the same as the national average? More? Less?
What was the price of the item in the year you selected? What is the price of the same item today? How much has the price inflated? What are some of the reasons for the inflation? Has the price of the item you selected increased faster than the general inflation rate? Slower? Why?
Here are some sites to help with your research:
https://percent-change.com/
https://westegg.com/inflation/
https://liberalarts.oregonstate.edu/spp/polisci
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