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Message: <blockquote data-quote="DaveStebbins" data-source="post: 1176537" data-attributes="member: 1427">Yeah, if inflation is 6% you go forward period-to-period by multiplying by 1.06 and you go backward by dividing by 1.06 or multiplying by 1/1.06 = 0.9434. As a semi-related side-note, I was very pleased last month to see that my daughter's middle school (grades 6-8) curriculum has replaced the old Home Economics classes (which primarily taught cooking and sewing) with classes called Family Consumer Science which will be teaching some of the basic living skills, like balancing a checkbook, that were never taught when I was in those grades back in the ...errm... 1970s. -Dave</blockquote>