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Are you adjusting for inflation when comparing over time? #1

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derekeder opened this issue Nov 5, 2013 · 0 comments
Open

Are you adjusting for inflation when comparing over time? #1

derekeder opened this issue Nov 5, 2013 · 0 comments

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@derekeder
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When showing fiscal budgets over time, its a good idea to adjust for inflation to ensure apples to apples comparisons of spending. I looked through your code and didn't see any evidence that you were doing so.

A straightforward way to do this is to take the Consumer Price Index (CPI) and multiply your data by it for each year.

Here's a table of CPI: ftp://ftp.bls.gov/pub/time.series/cu/cu.data.4.AsizeNorthCentral
Here's an R script we use to do the calculation: https://github.com/open-city/hows-business/blob/master/import/taxes.R

mmastrobuoni added a commit to cityofsomerville/Visual-Somerville-Budget that referenced this issue Jul 17, 2017
mmastrobuoni added a commit to cityofsomerville/Visual-Somerville-Budget that referenced this issue Jul 17, 2017
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