But that ignores inflation, which the Congressional Budget Office reckons will average about 2.3percentnt.
Nominal figures ignore inflation and growth of the population and the economy itself.
However, the cruder and more widely used argument that lower interest rates make homes cheaper to buy is badly flawed, because it ignores inflation.
Between now and Sunday night, it will (if you ignore inflation) almost certainly become the highest grossing war movie ever, outstripping the $216m of Steven Spielberg's Saving Private Ryan.
Gasoline prices alone rose 11percentto to $1.594 a gallon, on average, the highest level -- ignoring inflation -- ever recorded by the Bureau of Labor Statistics.
Assume these payments, ignoring inflation, stretch into perpetuity, apply a discount equivalent to the yield on 10-year British government bonds, and the present value of this liability is £1.14 billion — or less than £19 for every British subject.
As Mr Cook celebrates his first anniversary at Apple's helm, the company continues to smash records.On August 20th Apple's market capitalisation reached over $623 billion, making it the most valuable listed company (if you ignore inflation) of all time.
But critics of the administration's research budget, including influential Republicans in Congress, disagree, saying the 6percentt figure ignores inflation and promotes health and defense research at the expense of hundreds of other efforts.
That ignores inflation, but his sci-fi survival tale joins the neo-swords'n'sandals epic as a waypoint in the director's long career; another one where he broke beyond masterfully art-directed genre dabblings to wider mainstream impact.
And both of these figures ignore inflation.
