Date: Wed, 1 Mar 2006 18:00:30 -0600
From: "Danl"
Newsgroups: misc.invest.financial-plan
Subject: Calculating Inflation
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First of all, I have been reading this group for a while now and I
appreciate the participation of the posters. There is always more than 1 way
to look at things and you folks seem to cover a lot of POVs.
Proper financial planning (almost) always requires one to calculate the
effect of inflation in the years to come. However, I believe that *my*
inflation is not necessarily equal to my neighbor's inflation or certainly
not the inflation of my cousin in Minot, North Dakota. We have different
lifestyles and different assets. I belive that the generally quoted CPI is
calculated using a fixed basket of goods and services. That basket may not
(and probably doesn't) match very closely with my consumption of goods and
services. Have any of you attempted to calculate *your* inflation given a
personalized basket of goods and services? If so, please share your
thoughts.
Danl
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