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The theory of interest : as determined by impatience to spend income and opportunity to invest it / by Irving Fisher
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APPENDIX

Table III

Berlin Rates of Interest and Wholesale Price Index, 1861-1912

Year

Interest

Rates

Wholesale

Price

Index

(1913 = 100)

Year

Interest

Rates

Wholesale

Price

Index

(1913 = 100)

Market

Bank

Market

Bank

1890

3.7

4.5

89

1861

3.0

4.0

96

1891

3.0

3.9

95

1862

3.0

4.0

92

1892

1.8

3.2

84

1863

3.5

4.1

90

1893

3.2

4.1

77

1864

5.1

5.3

90

1894

1.7

3.1

72

1865

4.6

5.0

92

1895

2.0

3.1

71

1866

6.2

6.2

97

1896

3.0

3.7

71

1867

2.9

4.0

105

1897

3.1

3.8

77

1868

2.5

4.0

103

1898

3.6

4.3

82

1869

3.2

4.1

98

1899

4.5

5.0

82

1870

4.5

4.8

92

1900

4.4

5.3

87

1871

3.8

4.2

99

1901

3.1

4.1

82

1872

4.0

4.3

110

1902

2.2

3.3

81

1873

4.5

5.0

119

1903

3.0

3.8

80

1874

3.3

4.4

113

1904

3.1

4.2

83

1875

3.7

4.7

104

1905

2.9

3.8

86

1876

3.1

4.1

101

1906

4.0

5.1

88

1877

3.3

4.4

103

1907

5.1

6.0

98

1878

3.4

4.3

93

1908

3.6

4.9

93

1879

2.7

3.7

83

1909

2.8

3.8

93

1880

3.1

4.2

94

1910

3.6

4.6

91

1881

3.4

4.4

90

1911

3.5

4.4

97

1882

3.9

4.5

86

1912

4.1

4.9

108

1883

3.1

4.1

85

1884

2.9

4.0

78

1885

2.9

4.1

74

1886

2.1

3.3

69

1887

2.3

3.4

70

1888

2.1

3.3

76

1889

2.7

3.7

84

Sources:

The market rates of interest: . , , __ , , ,

Report of the Royal Commission on Depression of Trade, 1886, p, 373; computed fromThe Economist, Commercial History and Review, Supplement, published annually.

The bank rates of interest: _ . , _ , __ , , ,

Report of the Royal Commission on Depression of Trade, 1886, p. 373; computed iromThe Economist , Commercial History and Review, Supplement, published annually.

Wholesale Price Index (1913 = 100): ... . , . ... , , . w . .

The index number used is that of the Statistisches Reichsamt, published in wirt-schaft und Statistik and converted from the base (1861-1870 = 100) to the base(1913 = 100). -

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