I used an inflation calculator to find the inflation rate from 2020.
It said that if you bought something in 2020 for $1,200 it would cost $1,453.79 in 2024, which is a 21.1% increase.
So if you multiply $1,200 by 78.9% you get $946.80.
Then I just rounded to $950.
There are many inflation calculators out there. Some give slightly different numbers.
Here's the one I used.
https://www.usinflationcalculator.com/
BitcoinAscent / BitcoinAscent ⚡️ 1 Issue Voter ⚡️ ∞/21M ⚡️
npub1km…4nt8m
2024-06-10 07:38:23
in reply to nevent1q…8yw4
Author Public Key
npub1kmwrnn5c74uu9evxc3jza9zvpjzrn33myc5zusx3mt88aw7he4asv4nt8mPublished at
2024-06-10 07:38:23Event JSON
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"content": "I used an inflation calculator to find the inflation rate from 2020.\n\nIt said that if you bought something in 2020 for $1,200 it would cost $1,453.79 in 2024, which is a 21.1% increase.\n\nSo if you multiply $1,200 by 78.9% you get $946.80.\nThen I just rounded to $950.\n\nThere are many inflation calculators out there. Some give slightly different numbers.\n\nHere's the one I used.\nhttps://www.usinflationcalculator.com/",
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