Frizzy Owl
Hall of Famer

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Joined: Nov 2012
Reputation: 57
I Root For: Rice
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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.
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| 10-15-2024 10:49 AM |
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Tomball Owl
Hall of Famer

Posts: 16,074
Joined: Oct 2005
Reputation: 80
I Root For: Rice Owls
Location: Montgomery County
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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).
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| 10-15-2024 11:52 AM |
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greyowl72
Heisman

Posts: 5,896
Joined: Apr 2008
Reputation: 61
I Root For: Rice
Location: Pie Town
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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!
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| 10-15-2024 12:24 PM |
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Frizzy Owl
Hall of Famer

Posts: 10,027
Joined: Nov 2012
Reputation: 57
I Root For: Rice
Location:
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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.
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| 10-15-2024 12:34 PM |
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