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Inflation
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OptimisticOwl Offline
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Post: #1
Inflation
While cleaning out some (very) old cabinets, I came across the sales receipt for a new car my Dad bought in 1956, a 4-door Chevy sedan.

Delivered price of unit: $1,733.65
TTL 32.39
Total $1,767.04

Options: Heater, radio, oil filter.
10-15-2024 10:15 AM
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Frizzy Owl Offline
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Post: #2
RE: Inflation
(10-15-2024 10:15 AM)OptimisticOwl Wrote:  While cleaning out some (very) old cabinets, I came across the sales receipt for a new car my Dad bought in 1956, a 4-door Chevy sedan.

Delivered price of unit: $1,733.65
TTL 32.39
Total $1,767.04

Options: Heater, radio, oil filter.

I saw oil filter listed as an option, so I googled. Didn't know until now that before the late 1950's many cars and trucks did not have oil filters.
10-15-2024 10:49 AM
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Tomball Owl Offline
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Post: #3
RE: Inflation
(10-15-2024 10:15 AM)OptimisticOwl Wrote:  While cleaning out some (very) old cabinets, I came across the sales receipt for a new car my Dad bought in 1956, a 4-door Chevy sedan.

Delivered price of unit: $1,733.65
TTL 32.39
Total $1,767.04

Options: Heater, radio, oil filter.

That's about what my freshman year at Rice cost in 1973 (tuition only).
10-15-2024 11:52 AM
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greyowl72 Offline
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Post: #4
RE: Inflation
(10-15-2024 11:52 AM)Tomball Owl Wrote:  
(10-15-2024 10:15 AM)OptimisticOwl Wrote:  While cleaning out some (very) old cabinets, I came across the sales receipt for a new car my Dad bought in 1956, a 4-door Chevy sedan.

Delivered price of unit: $1,733.65
TTL 32.39
Total $1,767.04

Options: Heater, radio, oil filter.

That's about what my freshman year at Rice cost in 1973 (tuition only).

My freshman year (1968) was $233.65 cheaper!
10-15-2024 12:24 PM
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Frizzy Owl Offline
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Post: #5
RE: Inflation
(10-15-2024 12:24 PM)greyowl72 Wrote:  
(10-15-2024 11:52 AM)Tomball Owl Wrote:  
(10-15-2024 10:15 AM)OptimisticOwl Wrote:  While cleaning out some (very) old cabinets, I came across the sales receipt for a new car my Dad bought in 1956, a 4-door Chevy sedan.

Delivered price of unit: $1,733.65
TTL 32.39
Total $1,767.04

Options: Heater, radio, oil filter.

That's about what my freshman year at Rice cost in 1973 (tuition only).

My freshman year (1968) was $233.65 cheaper!

So, an increase of about 2% a year. That more or less tracks the target inflation rate.
10-15-2024 12:34 PM
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OptimisticOwl Offline
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Post: #6
RE: Inflation
(10-15-2024 12:24 PM)greyowl72 Wrote:  
(10-15-2024 11:52 AM)Tomball Owl Wrote:  
(10-15-2024 10:15 AM)OptimisticOwl Wrote:  While cleaning out some (very) old cabinets, I came across the sales receipt for a new car my Dad bought in 1956, a 4-door Chevy sedan.

Delivered price of unit: $1,733.65
TTL 32.39
Total $1,767.04

Options: Heater, radio, oil filter.

That's about what my freshman year at Rice cost in 1973 (tuition only).

My freshman year (1968) was $233.65 cheaper!

My freshman year (1963) was free.
10-15-2024 05:44 PM
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