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Comment by ekiru | Hacker News Reader

The World Bank periodically adjusts the threshold upwards for this reason. In 1990, they used $1/day. In 2008, they adjusted it to $1.25/day. Now they are adjusting it to $1.90/day.

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And you imagine that in 25 year the total inflation was only of 90%?

I tend to think that the World Bank adjusts this amount in an appropriate manner. If you think their methodology is wrong, you should explain why.

Why shouldn't be you explaning why do you believe in their methodology? That's crazy. You don't even know what methodology they use and you are taking your time to defend them here.

Because the World Bank is a large organization with many paid staff tasked with devising and implementing their methodology.

You're two random people on the Internet.

I'm siding with the World Bank, not with the internet commenter who demands another internet commenter defend experts.

You're the one making the extraordinary claim here.

This should not be "inflation" but "price change for very basic needs"

According to this, it was less (82%): http://www.usinflationcalculator.com/ (select 1990-2015)

I don't know, but your previous comment implied that they weren't adjusting for inflation at all.

It's possible that they are failing to adjust for inflation sufficiently, but that claim needs support. How much inflation was there between 1990 and 2015? Why does it differ from their calculation?

If you pick an inflation calculator (for US), you will find that $1.00 of 1990 is actually $1.82 of 2015. So the inflation is less than 90%.

http://www.usinflationcalculator.com/

http://www.westegg.com/inflation/infl.cgi

Of course, if you live in Venezuela, things are different, but World Bank uses US$.

edit: only now noticed that this was mentioned already in an earlier comment by oblio.

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