4 ms·
I guess it's a good idea in theory, but the language of the license is somewhat indecipherable. > Adjust these dollar figures for inflation according to the Un
by Cyberdog 5y ago
I guess it's a good idea in theory, but the language of the license is somewhat indecipherable.
> Adjust these dollar figures for inflation according to the United States Bureau of Labor Statistics’ consumer price index for all urban consumers, United States city average, for all items, not seasonally adjusted, with 1982–1984=100 reference base.
Yeah, I'll get right on that.
Are there any significant projects that use this license?
- kemitchell 5y agoFor what it's worth, that language is a very common way of describing inflation adjustment in contracts, laws, and regulations. It sounds technical, but that's because it tracks the Bureau of Labor Statistics terminology for its data publications directly. I don't have it in front of me, but I'm pretty sure BLS' website has a calculator. I'd be very surprised if it doesn't use these parameters.
- kemitchell 5y agoBLS does indeed have an inflation calculator! https://www.bls.gov/data/inflation_calculator.htm https://www.bls.gov/data/inflation_calculator.htm From that page: > The CPI inflation calculator uses the Consumer Price Index[link] for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. This data[link] represents changes in the prices of all goods and services purchased for consumption by urban households. Clicking "this data" leads to https://data.bls.gov/timeseries/CUUR0000SA0 https://data.bls.gov/timeseries/CUUR0000SA0, which lists the same reference base that Big Time specifies: > Base Period: 1982-84=100