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Either way, the increase between then and now would be well below the rate of inflation.
"Council tax increases have also been kept well below the rate of inflation for the past four years.
Income Data Services says most pay rises are hitting 2.5%, which is still below the rate of inflation at 2.9%.
Indeed, deposit rates are often below the rate of inflation, making them negative in real terms.
That is well below the rate of 5.3 in New York City.
For many years China's large pool of surplus labour held average pay rises below the rate of productivity growth.
Interest rates on deposits and loans were often set below the rate of inflation, so real interest rates were negative.
Russian companies and banks financed themselves abroad and interest rates were below the rate of domestic inflation.
Yields on German bunds and British gilts have fallen below the rate of inflation because of investors' flight to safety.
This means that inflation will drop below the rate of GDP growth by the end of 2014 (see chart).
Two months ago he astonished the central bank by ordering banks to slash interest rates below the rate of inflation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com