In 2008, I decided that I would donate $25 every year to the Cornell Chimes Fund, in 2008 inflation-adjusted dollars.
In 2009, thanks to deflation, I actually donated only $24.68, but last year in 2010, the economy had recovered slightly, and I donated $25.18. Huzzah jobless recovery!
Anyway, it is that time of the year again, so without further ado, here is my 2011 Cornell contribution:
$25.18 in 2010 dollars * 225.964 (May ’11 CPI-U, all items) / 218.178 (May ’10 CPI-U) = $26.01 in 2011 dollars
Can’t wait to get my letter in the mail thanking me for my donation of $26.01.