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This was determined by the value of a dollar using the Consumer Price Index from January of that year (1952 and 2008). All calculations are approximate. Fun fact: In 2007, the inflation rate was about 4.28%. This was higher than any year since 1990!

I located this at the following website: http://www.dollartimes.com/calculators/inflation.htm

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15y ago
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Q: What is todays equivalent value of 7000 in 1952?
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