how can $8 I’m 1850 be $300 now how does that work and how do we math that.

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how can $8 I’m 1850 be $300 now how does that work and how do we math that.

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Because of inflation, prices go up. Assuming a healthy inflation of 2.5% a year, prices would double every 28 years. So, if you wanted to buy today the same thing that was $8 in 1850, it would be $300 now.

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