If something cost $500 American dollars in 1968, how much would it cost now in 2006?

riotgrrl

According to http://www.westegg.com/inflation/infl.cgi $500 in 1968 was worth $2766.49 in 2005 - so slightly more than that in 2006. But something that cost $500 in 1968 is unlikely to have increased in price entirely in line with inflation. For instance, if a computer component cost $500 in 1968, an improved version could probably be found for $10 today. On the other hand, an apartment which cost $500 in 1968 would probably cost rather more than £3000 today. Jan 06 06, 9:52 AM

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