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Making sense of the ups and downs of prices

Erin Yetter

Page One Economics Newsletter, 2013, issue aug, 1-3

Abstract: \\"Back in my day, a gallon of gas cost a quarter!\\" Has your grandfather ever said something like this to make a point about how expensive things are now? The price of gasoline indeed used to be much lower. In fact, the price of gasoline has risen from a little over $1 per gallon in 1992 to a little over $3.50 per gallon 20 years later.

Date: 2013
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http://research.stlouisfed.org/pageone-economics/u ... neCE_0813_Prices.pdf Classroom edition (application/pdf)
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