Actually, I think it's right about on the nose for inflation, at least according to this site: http://www.usinflationcalculator.com/ If you have a better source for calculating inflation rates, I would be interested in seeing it.
That's helpful, though, thank you. The oddity I think was between 2003 and 2004, when the milk should only have increased in price by less than 2%, if inflation is all that was factored in.
ETA: In 2003, the federal minimum wage was $5.15, so if that website is accurate, at $7.25 it's actually outpaced inflation (41% increase versus 27% inflation). On the other hand, it was sitting at $5.15 since 1997.
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That's helpful, though, thank you. The oddity I think was between 2003 and 2004, when the milk should only have increased in price by less than 2%, if inflation is all that was factored in.
ETA: In 2003, the federal minimum wage was $5.15, so if that website is accurate, at $7.25 it's actually outpaced inflation (41% increase versus 27% inflation). On the other hand, it was sitting at $5.15 since 1997.