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Article: The Reserve Bank Inflation Calculator (1).(Web-based Calculator)(New Zealand. Reserve Bank of New Zealand)
- Article from:
- The Reserve Bank of New Zealand Bulletin
- Article date:
- December 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Reserve Bank of New Zealand. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In June 2003, the Reserve Bank released a web-based inflation calculator, enabling users to select two dates and a dollar amount, and calculate an amount adjusted for inflation between those two dates. The "New Zealand CPI Inflation Calculator" (the Calculator) handles dates from the March quarter of 1919 up to the present day. This article discusses the functionality of the Calculator and gives examples of its uses.
1 Introduction
1. "I've got a pound note from 1935. What would it be worth [in terms of purchasing power] in 1990 dollars? What would it be worth in today's money?"
2. "If a product returned a profit of $2.50 per unit in 1970, ...