Forum > Developing Inputs > How should one inflate dollar amounts?
Is there a preferred way to convert back to 2000 dollars for the regional income and horizon year forecasts?
Consumer Price Index (CPI) is recommended to adjust current year dollars to 2000 dollars.
Please see the example below which comes from the following source:
http://www.usinflationcalculator.com/inflation/consumer-price-index-and-annual-percent-changes-from-1913-to-2008/ http://www.bls.gov/cpi/cpid1401.pdf
Deflators to use for adjusting to year 2000 dollars:
Year CPI, 1980=100 Adjust to 2000
-1980: 100.000 0.581
-1985: 107.600 0.625
-1990: 130.700 0.759
-1995: 152.400 0.885
-2000: 172.200 1.000
-2005: 195.300 1.134
-2010: 218.056 1.266
-2014: 236.736 1.375
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Consumer Price Index (CPI) is recommended to adjust current year dollars to 2000 dollars.
Please see the example below which comes from the following source:
Deflators to use for adjusting to year 2000 dollars:
Year CPI, 1980=100 Adjust to 2000
-1980: 100.000 0.581
-1985: 107.600 0.625
-1990: 130.700 0.759
-1995: 152.400 0.885
-2000: 172.200 1.000
-2005: 195.300 1.134
-2010: 218.056 1.266
-2014: 236.736 1.375
To reply, please login.