Want to understand how inflation impacts your purchasing power?
Let's look at The New Yorker, which publishes the price of each copy right on the front of the magazine.
1925: 15 cents
2024: $8.99
...
So somewhat counter intuitive is the inflation rate decreases over time. From 1925-1971 price increase is on average 7.9% per year compounded. From 1971-2000 price increase is 6.5% per year and from 1971-2024 it’s 6.0% per year on average.