Inflation

Here is a fun site that adjusts dollar figures for you based on past inflation rates. I am not quite sure how it works or how accurate it is, but it is sure is entertaining!

So I can enter $65.00 (since that is how much Carrie will pay per acre) and voila! Today each acre would be worth $1,460.66. I wonder how they figured out how much she should pay? How much was land really worth? Like was that a reduced amount because she was family or was that really the market value of land back then? Anyway, if you run across some old dollar amounts, maybe you can use the calculator, too!

Advertisement