This template defaults to calculating the inflation of Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). For inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich, the US-GDP or UK-GDP indexes should be used, which calculate inflation based on the gross domestic product (GDP) for the United States and United Kingdom, respectively. |
Do not assume that using this template will mean that a calculated value is "current", "as of 2024", "as of 2023" or even necessarily "recent". Per MOS:REALTIME, statements made using this template should either specify an end_year , or rely on |fmt=eq or {{Inflation/year}} to automatically indicate the latest year this template provides an inflation calculation. Do not use {{CURRENTYEAR}} . |
This template is used on approximately 23,000 pages and changes may be widely noticed. Test changes in the template's /sandbox or /testcases subpages, or in your own user subpage. Consider discussing changes on the talk page before implementing them. |
This template should not be substituted. |
This template calculates inflation based on several inflation index data sets. The template uses an identification code for an inflation index
(usually a country code), an original value
, an original start_year
and either a specific reference end_year
or by default the latest currently available end year,[1] and calculates the equivalent value from historical economic changes between the original and reference years. For example, this template calls the United States inflation table located in the sub-template Template:Inflation/US/dataset to perform the U.S. calculation.
Aside from a convenient way to calculate values from different specified time periods, this template allows a regularly automatically updated calculation of value based on the most recent available inflation data. Whenever inflation tables are updated, potentially annually, all articles using this template have their displayed values updated accordingly.
For US currency (different to US-GDP), there is a simplified wrapper template, {{USDCY}}, which turns e.g. "{{USDCY|6.66|1899}}
" into "($244.00 in 2023)".
Usage
{{Inflation|index|value|start_year}}
{{Inflation|index|value|start_year|end_year}}
{{Inflation|index|value|start_year|r=decimals|fmt=c}}
{{Inflation|index|value|start_year|r=decimals|fmt=eq}}
{{Inflation|index|value|start_year|r=decimals|fmt=eq|cursign=X}}
The supported countries are listed below, with their index
and available data periods:
index |
Country | start_year minimum |
end_year maximum
|
---|---|---|---|
AR | Argentina[2] | 1864 | 2020 |
AT | Austria[3] | 1440 | 2018 |
AU | Australia[4] | 1850 | 2022 |
AU-road | Australia [...?][5] | 1998 | 2018 |
BD | Bangladesh[6] | 1986 | 2023 |
BE | Belgium[7] | 1399 | 2020 |
BR | Brazil[8] | 1820 | 2020 |
CA | Canada[9] | 1688 | 2023 |
CH | Switzerland[10] | 1501 | 2021 |
CL | Chile[11] | 1661 | 2020 |
CN | China[12] | 961 | 2019 |
DE | Germany[13][dead link ] | 1500 | 2021 |
DK | Denmark[14] | 1502 | 2022 |
EG | Egypt[15] | 1915 | 2018 |
ES | Spain[16] | 1276 | 2022 |
EU | Euro (European Union)[17] | 1996 | 2023 |
FI | Finland[18] | 1860 | 2023 |
FR | France[19] | 1262 | 2022 |
GR | Greece[20] | 1833 | 2007 |
HK | Hong Kong[21] | 1947 | 2020 |
ID | Indonesia[22] | 1820 | 2007 |
IL | Israel[23] | 1951 | 2021 |
IN | India[24] | 1595 | 2023 |
IR | Iran[25] | 1315 | 1398 |
IS | Iceland[26] | 1849 | 2020 |
IT | Italy[27] | 1326 | 2020 |
JP | Japan[28] | 1868 | 2019 |
MX | Mexico[29] | 1525 | 2007 |
NL | Netherlands[30] | 1450 | 2016 |
NO | Norway[31] | 1492 | 2017 |
NZ | New Zealand[32] | 1862 | 2021 |
PE | Peru[33] | 1564 | 2017 |
PH | Philippines[34] | 1899 | 2021 |
PK | Pakistan[35] | 1960 | 2021 |
PL | Poland[36] | 1409 | 2021 |
PT | Portugal[37] | 1672 | 2007 |
RU | Russia[38] | 1548 | 2023 |
SE | Sweden[39] | 1290 | 2023 |
SG | Singapore[40] | 1961 | 2022 |
TH | Thailand[41] | 1820 | 2020 |
TR | Turkey[42] | 1585 | 2021 |
TW | Taiwan[43] | 1903 | 2021 |
UK | United Kingdom[44] | 1209 | 2023 |
UK-GDP | United Kingdom GDP deflator[45] | 1700 | 2023 |
US | United States[46] | 1634 | 2023 |
US-GDP | United States GDP deflator[47] | 1790 | 2023 |
ZAR | South Africa[48] | 1652 | 2018 |
KRW | South Korea[49] | 1906 | 2017 |
Parameters
|index=
(parameter 1), required, an index code for one of several available inflation indexes.|value=
(parameter 2), required, original price or value from which to base the inflation calculation on. Will ignore any commas, but must not have a currency symbol.|start_year=
(parameter 3), required, original year from which to base the inflation calculation on. Must be a year available in the chosen inflation index. As an exception to this, if the current year is specified and noend_year
is specified, the template will outputvalue
unchanged, as it can be assumed an inflation of zero.|end_year=
(parameter 4), optional, reference year for which to calculate inflation. Must be higher (later) thanstart_year
, but not higher than the highest (most recent) year available in the chosen inflation index, and will default to the highest (most recent) available year if omitted.|r=digit
sets the digits to which the value must be rounded. A negative value indicates rounding to an upper significant digit, and a positive value indicates a fractional digit including trailing zeros. Defaults to0
, i.e., without cents.|fmt=c
will insert thousands separator commas into the calculated value.|fmt=eq
will show an equivalent-to phrase, in the format, "equivalent tocursign
end_value
inend_year
". Uses thousands separator commas.|cursign=
will set the currency symbol to be shown. Only functions when|fmt=eq
is used. Can use advanced symbol formats, but can only precede the calculated value. Default is$
.|orig=yes
will display the original value too, with the currency sign provided.
Examples
-
{{Inflation|KRW|100|2000}}
→ 155 -
{{Inflation|DE|100|2000}}
→ 70 -
{{Inflation|US|595|1982}}
→ 1879 -
{{Inflation|US|595|1982|fmt=eq}}
→ equivalent to $1,879 in 2023 -
{{Inflation|US|800|1942|fmt=eq|r=-3}}
→ equivalent to $15,000 in 2023 -
{{Inflation|US|100|2010|2012|fmt=eq|r=2}}
→ equivalent to $105.28 in 2012 -
US$595 ({{Inflation|US|595|1982|fmt=eq}})
→ US$595 (equivalent to $1,879 in 2023) -
US$595 ({{Inflation|US|595|1982|fmt=eq|cursign=[[United States dollar|US$]]}})
→ US$595 (equivalent to US$1,879 in 2023) -
$21 million (equivalent to ${{Inflation|US|21|2005|r=2}} million in {{Inflation/year|US}})
→ $21 million (equivalent to $32.76 million in 2023) -
{{Inflation|UK|1|1209|fmt=eq|cursign=£}}
→ equivalent to £1,780 in 2023 -
{{Inflation|AU|100|2024|fmt=eq}}
→ equivalent to $100 in 2024 -
${{Inflation|US|100|2024}} in {{Inflation/year|US}}
→ $100 in 2023 -
{{Inflation|UK|100|1982|fmt=eq|orig=yes|cursign=£}}
→ £100 (equivalent to £446 in 2023)
It is possible to use the template in incorrect ways without producing error messages. Please read the warnings and appropriate uses of this template at the beginning of the template description.
-
{{Inflation|UK|10|1971|fmt=eq}}
→ equivalent to $179 in 2023 (Omitting the|cursign=
parameter will show the $ symbol by default, which is the wrong currency symbol for British currency) -
{{Inflation|UK|10|1971|fmt=eq|cursign=£}}
→ equivalent to £179 in 2023 -
$595 (${{Inflation|US|595|1982|fmt=c}} today)
→ $595 ($1,879 today) (Misleading time reference) -
$595 (${{Inflation|US|595|1982|fmt=c}} in {{CURRENTYEAR}})
→ $595 ($1,879 in 2024) (Misleading time reference) -
$100 (${{Inflation|US|595|1982|fmt=c}} adjusted for inflation)
→ $100 ($1,879 adjusted for inflation) (Misleading time reference) -
$595 ({{Inflation|US|595|1982|fmt=eq}})
→ $595 (equivalent to $1,879 in 2023) -
$595 (equivalent to ${{Inflation|US|595|1982|fmt=c}} in {{Inflation/year|US}})
→ $595 (equivalent to $1,879 in 2023) -
Jane Doe amassed a fortune of $1 billion in 1975, making her worth ${{Inflation|US|1|1975|fmt=c}} billion in {{Inflation/year|US}}.
→ Jane Doe amassed a fortune of $1 billion in 1975, making her worth $6 billion in 2023. (CPI is not for personal wealth of the wealthy – use GDP deflator instead) -
Jane Doe amassed a fortune of $1 billion in 1975, equivalent to ${{Inflation|US|1|1975|fmt=c}} billion in {{Inflation/year|US}}.
→ Jane Doe amassed a fortune of $1 billion in 1975, equivalent to $6 billion in 2023. (CPI is not for personal wealth of the wealthy – use GDP deflator instead) -
Jane Doe amassed a fortune of $1 billion in 1975, equivalent to ${{Inflation|US-GDP|1|1975|fmt=c}} billion in {{Inflation/year|US-GDP}}.
→ Jane Doe amassed a fortune of $1 billion in 1975, equivalent to $4 billion in 2023
Entering invalid parameters or omitting required parameters will result in an error message and categorization into Category:Pages with errors in inflation template.
-
{{Inflation}}
→ Error when using {{Inflation}}:|index=
(parameter 1),|value=
(parameter 2) and|start_year=
(parameter 3) must be specified. -
{{Inflation|abc}}
→ Error when using {{Inflation}}:|value=
(parameter 2) and|start_year=
(parameter 3) must be specified. -
{{Inflation|AU}}
→ Error when using {{Inflation}}:|value=
(parameter 2) and|start_year=
(parameter 3) must be specified. -
{{Inflation|AU|100}}
→ Error when using {{Inflation}}:|start_year=
(parameter 3) must be specified. -
{{Inflation|abc|€100|1980}}
→ Error when using {{Inflation}}:|index=abc
(parameter 1) not a recognized index. -
{{Inflation|DE|€100|1980}}
→ Error when using {{Inflation}}: NaN, check parameters for non-numeric data:|value=€100
(parameter 2). -
{{Inflation|DE|€100|zzzz|zzzz|r=zzzz}}
→ Error when using {{Inflation}}: NaN, check parameters for non-numeric data:|value=€100
(parameter 2),|start_year=zzzz
(parameter 3),|end_year=zzzz
(parameter 4) and|r=zzzz
. -
{{Inflation|AU|100|1200|2025}}
→ Error when using {{Inflation}}:|start_year=1200
(parameter 3) is lower than the earliest available year (1850) in index "AU" and|end_year=2025
(parameter 4) is greater than the latest available year (2022) in index "AU". -
{{Inflation|AU|100|2005|2004}}
→ Error when using {{Inflation}}:|start_year=2005
(parameter 3) is greater than|end_year=2004
(parameter 4). (see the Limitations section below) -
{{Inflation|AU|100|2005|2025|fmt=eq}}
→ Error when using {{Inflation}}:|end_year=2025
(parameter 4) is greater than the latest available year (2022) in index "AU". -
{{Inflation|AU|100|2024|2025|fmt=eq}}
→ Error when using {{Inflation}}:|end_year=2025
(parameter 4) is greater than the latest available year (2022) in index "AU". -
{{Inflation|AU|100|2024|1905|fmt=eq}}
→ Error when using {{Inflation}}:|start_year=2024
(parameter 3) is greater than|end_year=1905
(parameter 4). -
{{Inflation|AU|100|2025|fmt=eq}}
→ Error when using {{Inflation}}:|start_year=2025
(parameter 3) is greater than the latest available year (2022) in index "AU".
Tips & tricks
Currency conversion
Many datasets are currency agnostic, which means they don't convert between different currencies (or for currency redenominations). Thus, if you wanted to know today's equivalent value of 1,000.00 Austrian schillings in 1960, entering {{Inflation|AT|1000|1960|r=2}}
would provide a result (6550.14) still in schillings, not in euros.
Consequently, if you need a result in a currency other than the one in which the original value is stated, for now you must do the conversion manually, as in the following example which uses the defined conversion rate of 13.7603 schillings to one Euro:
-
{{#expr:({{Inflation|AT|1000|1960|r=2}} / 13.7603) round 2}}
→ 476.02
Instead of manually inputting a conversion for the Euro from a national currency, it is possible to divide by {{FixedEuroRate}}
instead; for conversion to USD, use {{International dollars}}
.
Some datasets are not currency agnostic; check the sources for each dataset to determine this.
{{FXConvert}}
provides the ability to convert between some currencies/indices currently used in the inflation template.
See also: {{To USD}} and {{To USD round}}.
Non-decimal inputs
The template does not accept non-decimal inputs such as £sd; these must be decimalized beforehand. For example, if you wanted to know the value of three shillings and sixpence (3s 6d) Sterling in 1950 in 2018, you must convert to the appropriate decimal value (in this case £0.175) for use in the template:
-
{{Inflation|GBP|0.175|1950|2018}}
→ 6
For £sd specifically {{Pounds, shillings, and pence}} can be used to convert to decimal. For other non-decimal currencies, such as the old Indian rupee, templates can be made for decimalization upon request.
-
{{Inflation|GBP|{{Pounds, shillings, and pence|s=3|d=6}}|1950|2018|r=0|fmt=eq|cursign=£}}
→ equivalent to £6 in 2018
-
{{Inflation|UK|{{Pounds, shillings, and pence|s=10|d=6}}|1865|fmt=eq|cursign=£}}
→ equivalent to £64 in 2023
Rounding
By default the values are calculated to the unit, as for all but very low values cents are undesirable. You can specify rounding with the |r=
parameter which determines the number of decimals. To obtain cents use |r=2
, but other values can be used, including negative ones: |r=-3
, for example, will round to the nearest thousand, |r=-6
to the nearest million, and so on. It is advisable to avoid false precision; even if the start value is known to be exact, the template's result will not be because the inflation index tables are rarely accurate to more than about 1%, and a granularity of whole years is used.
Very large results
Very large results are expressed in scientific notation ("1.2E 14" instead of "120000000000000") which is normally not desirable. A workaround is to express the value to be inflated with fewer digits, adding a multiplier text such as "trillion" after the result, using the "Show preview" button as many times as needed, changing parameters until the best result is found:
-
${{Inflation|US-GDP|1000000000000|1900|r=-11|fmt=c}}
→ $30,100,000,000,000 -
${{Inflation|US-GDP|10000000000000|1900|r=-12|fmt=c}}
→ $301,000,000,000,000 -
${{Inflation|US-GDP|10000000000|1900|r=-9|fmt=c}} thousand
→ $301,000,000,000 thousand -
${{Inflation|US-GDP|10000000|1900|r=-6|fmt=c}} million
→ $301,000,000 million -
${{Inflation|US-GDP|10000|1900|r=-3|fmt=c}} billion
→ $301,000 billion -
${{Inflation|US-GDP|10|1900|fmt=c}} trillion
→ $301 trillion
The following section provides an automated way of avoiding this trial and error scenario.
Format price
{{Format price}}
is a template specifically designed to display price values, both big and small, in a readable way. For example, instead of showing the whole of a huge number such as "953,783,409,856.12", it would show it as "954 billion", while small numbers have their cents part appearing as expected, "1234.5" being properly shown as "1,235".
-
${{Format price|{{Inflation|US-GDP|10000000000000|1900}}}}
→ $301 trillion -
${{Format price|{{Inflation|US-GDP|1000000|1990}}}}
→ $2.06 million -
DM {{Format price|{{Inflation|DE|1000000|1957|1978}}}}
→ DM 2.01 million -
£{{Format price|{{Inflation|UK-GDP|1000|1323}}}}
→ £830,513
Citing inflation data sources
It's a good practice to provide a valid reference for the prices calculated with this template in articles where it's used. The template {{Inflation/fn}} was developed to ease this task. It accepts as its single parameter the same country codes used here, and will generate one or more appropriate footnotes. Typically, this is how a piece of text using it looks like:
In 1985 a unit cost on average $1,040. This is {{Inflation|US|1040|1985|fmt=eq}}.{{Inflation/fn|US}}
Resulting in this converted code (notice the footnote link at the end):
- In 1985 a unit cost on average $1,040. This is equivalent to $2,946 in 2023.[46]
The footnote thus generated appears whenever {{reflist}}
or <references />
is used in an article, usually in its "References" section. See below for the live example in this document's own References section, or click the above generated footnote to jump to it.
Limitations
- Currently it isn't possible to "de-inflate" a value to what it would have been in a previous year. If you need this functionality, please request it at the talk page. Adding it won't be difficult, but there's no point in doing so before someone actually needs it.
- Substitution isn't supported at all. Trying to
{{subst:Inflation|...}}
would only result in a long sequence of embedded parser code without any direct benefit. If you need to obtain an inflated price only once, please use the special ExpandTemplates page then copy the result and paste it at the desired location.
Developer documentation
An inflation series represents templates in the following categories:
- Template:Inflation/index
- Template:Inflation/index/dataset
- Template:Inflation/index/startyear
- Template:Inflation/doc/index (Which is then displayed at Inflation/name/dataset as the documentation, and needs to refer to the original data source)
Modifications need to be made to:
Current subpages:
In this templatespace:
Inflation |
- Inflation/AR
- Inflation/AR/dataset
- Inflation/AR/startyear
- Inflation/AT
- Inflation/AT/dataset
- Inflation/AT/startyear
- Inflation/AU
- Inflation/AU-road
- Inflation/AU-road/dataset
- Inflation/AU-road/startyear
- Inflation/AU/dataset
- Inflation/AU/startyear
- Inflation/BD
- Inflation/BD/dataset
- Inflation/BD/startyear
- Inflation/BE
- Inflation/BE/dataset
- Inflation/BE/startyear
- Inflation/BR
- Inflation/BR/dataset
- Inflation/BR/startyear
- Inflation/CA
- Inflation/CA/dataset
- Inflation/CA/startyear
- Inflation/CH
- Inflation/CH/dataset
- Inflation/CH/startyear
- Inflation/CL
- Inflation/CL/dataset
- Inflation/CL/startyear
- Inflation/CN
- Inflation/CN/dataset
- Inflation/CN/startyear
- Inflation/DE
- Inflation/DE/dataset
- Inflation/DE/sandbox
- Inflation/DE/startyear
- Inflation/DK
- Inflation/DK/dataset
- Inflation/DK/startyear
- Inflation/EG
- Inflation/EG/dataset
- Inflation/EG/startyear
- Inflation/ES
- Inflation/ES/dataset
- Inflation/ES/startyear
- Inflation/EU
- Inflation/EU/dataset
- Inflation/EU/startyear
- Inflation/FI
- Inflation/FI/dataset
- Inflation/FI/startyear
- Inflation/FR
- Inflation/FR/dataset
- Inflation/FR/startyear
- Inflation/GR
- Inflation/GR/dataset
- Inflation/GR/startyear
- Inflation/HK
- Inflation/HK/dataset
- Inflation/HK/startyear
- Inflation/ID
- Inflation/ID/dataset
- Inflation/ID/startyear
- Inflation/IL
- Inflation/IL/dataset
- Inflation/IL/startyear
- Inflation/IN
- Inflation/IN/dataset
- Inflation/IN/startyear
- Inflation/IR
- Inflation/IR/dataset
- Inflation/IR/startyear
- Inflation/IS
- Inflation/IS/dataset
- Inflation/IS/startyear
- Inflation/IT
- Inflation/IT/dataset
- Inflation/IT/startyear
- Inflation/JP
- Inflation/JP/dataset
- Inflation/JP/startyear
- Inflation/KRW
- Inflation/KRW/dataset
- Inflation/KRW/startyear
- Inflation/MX
- Inflation/MX/dataset
- Inflation/MX/startyear
- Inflation/NL
- Inflation/NL/dataset
- Inflation/NL/startyear
- Inflation/NO
- Inflation/NO/dataset
- Inflation/NO/startyear
- Inflation/NZ
- Inflation/NZ/dataset
- Inflation/NZ/startyear
- Inflation/PE
- Inflation/PE/dataset
- Inflation/PE/startyear
- Inflation/PH
- Inflation/PH/dataset
- Inflation/PH/startyear
- Inflation/PK
- Inflation/PK/dataset
- Inflation/PK/startyear
- Inflation/PL
- Inflation/PL/dataset
- Inflation/PL/startyear
- Inflation/PT
- Inflation/PT/dataset
- Inflation/PT/startyear
- Inflation/RU
- Inflation/RU/dataset
- Inflation/RU/startyear
- Inflation/SE
- Inflation/SE/dataset
- Inflation/SE/startyear
- Inflation/SG
- Inflation/SG/dataset
- Inflation/SG/startyear
- Inflation/TEST
- Inflation/TEST/dataset
- Inflation/TEST/startyear
- Inflation/TH
- Inflation/TH/dataset
- Inflation/TH/startyear
- Inflation/TR
- Inflation/TR/dataset
- Inflation/TR/startyear
- Inflation/TW
- Inflation/TW/dataset
- Inflation/TW/startyear
- Inflation/UK
- Inflation/UK-GDP
- Inflation/UK-GDP/dataset
- Inflation/UK-GDP/startyear
- Inflation/UK/dataset
- Inflation/UK/startyear
- Inflation/US
- Inflation/US-GDP
- Inflation/US-GDP/dataset
- Inflation/US-GDP/startyear
- Inflation/US/dataset
- Inflation/US/startyear
- Inflation/VN
- Inflation/VN/dataset
- Inflation/VN/startyear
- Inflation/ZAR
- Inflation/ZAR/dataset
- Inflation/ZAR/startyear
- Inflation/doc
- Inflation/doc/UK-GDP
- Inflation/doc/US-GDP
- Inflation/doc/cpi
- Inflation/doc/cpi-ar
- Inflation/doc/cpi-at
- Inflation/doc/cpi-au
- Inflation/doc/cpi-bd
- Inflation/doc/cpi-be
- Inflation/doc/cpi-br
- Inflation/doc/cpi-ca
- Inflation/doc/cpi-ch
- Inflation/doc/cpi-cl
- Inflation/doc/cpi-cn
- Inflation/doc/cpi-de
- Inflation/doc/cpi-dk
- Inflation/doc/cpi-eg
- Inflation/doc/cpi-es
- Inflation/doc/cpi-eu
- Inflation/doc/cpi-fi
- Inflation/doc/cpi-fr
- Inflation/doc/cpi-gr
- Inflation/doc/cpi-hk
- Inflation/doc/cpi-id
- Inflation/doc/cpi-il
- Inflation/doc/cpi-in
- Inflation/doc/cpi-ir
- Inflation/doc/cpi-is
- Inflation/doc/cpi-it
- Inflation/doc/cpi-jp
- Inflation/doc/cpi-krw
- Inflation/doc/cpi-mx
- Inflation/doc/cpi-nl
- Inflation/doc/cpi-no
- Inflation/doc/cpi-nz
- Inflation/doc/cpi-pe
- Inflation/doc/cpi-ph
- Inflation/doc/cpi-pk
- Inflation/doc/cpi-pl
- Inflation/doc/cpi-pt
- Inflation/doc/cpi-ru
- Inflation/doc/cpi-se
- Inflation/doc/cpi-sg
- Inflation/doc/cpi-th
- Inflation/doc/cpi-tr
- Inflation/doc/cpi-tw
- Inflation/doc/cpi-uk
- Inflation/doc/cpi-vn
- Inflation/doc/cpi-zar
- Inflation/doc/startyear
- Inflation/doc/table
- Inflation/fn
- Inflation/fn/doc
- Inflation/fn/sandbox
- Inflation/fn/testcases
- Inflation/sandbox
- Inflation/testcases
- Inflation/update warning
- Inflation/year
- Inflation/year/doc
- Inflation/year/sandbox
- Inflation/year/testcases
Inflation |
Useful sources
- Historical Prices and Wages (HPW): Datafiles: Includes inflation 1800–2000, which has data for a very large number of countries, most dating back to the early 20th century and ending in 2007, and various other very long term datafiles.
- Global Price and Income History Group: Partially duplicates the above sources, but has a lot of pre-1950s data on many parts of the world
- Bank of International Settlements: Has long term data for more than 50 countries and is updated regularly.
TemplateData
TemplateData for Inflation
This template calculates inflation based on several inflation index data sets. Note that this template defaults to calculating the inflation of Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). For inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich, the US-GDP or UK-GDP indexes should be used, which calculate inflation based on the [[gross domestic product]] (GDP) for the [[United States]] and [[United Kingdom]], respectively.
Parameter | Description | Type | Status | |
---|---|---|---|---|
Index | index 1 | An index code for one of several available inflation indexes. One of AU, AU-road, BD, CA, DE, IN, JP, PH, PK, UK, UK-GDP, US, US-GDP, ZAR, and various others.
| String | required |
Value | value 2 | Original price or value from which to base the inflation calculation on. Will ignore any commas.
| Number | required |
Start year | start_year 3 | Original year from which to base the inflation calculation on. Must be a year available in the chosen inflation index. As an exception to this, if the current year is specified and no 'End year' is specified, the template will output value unchanged, as it can be assumed an inflation of zero.
| Number | required |
End year | end_year 4 | Reference year for which to calculate inflation. Must be higher (later) than 'Start year', but not higher than the highest (most recent) year available in the chosen inflation index, and will default to the highest (most recent) available year if omitted.
| Number | optional |
Number of digits | r | Sets the digits to which the value must be rounded. A negative value indicates rounding to an upper significant digit, and a positive value indicates a fractional digit including trailing zeros. Defaults to 0. When used in mainspace, this should be set to the number of significant figures the source value has.
| Number | required |
Format | fmt | "c" will insert thousands separator commas into the calculated value. "eq" will show an equivalent-to phrase, in the format, "equivalent to (cursign)(end_value) in (end_year)". Uses thousands separator commas.
| String | optional |
Currency sign | cursign | Sets the currency symbol to be shown. Only functions when Format "eq" is used. Can use advanced symbol formats, but can only precede the calculated value. Default is $.
| String | optional |
See also
- {{Inflation/year}}
- {{Inflation/fn}}
- {{Format price}}
- Tabular data of consumer price indices
- Category:Currency templates
- Category:Currency conversion templates
- Inflation
- Consumer price index
- Consumer Price Index (United Kingdom)
- United States Consumer Price Index
- Harmonised Index of Consumer Prices
- Lists of country codes
- List of circulating currencies
- GDP deflator
References
- ^ How recently depends on how the data set for each country is constructed, and on the internal tables being updated accordingly every January. Some data tables provide inflation data up to December 31, 2023, others up to roughly June-July 2023, and others yet up to December 31, 2022.
- ^ 1864 to 1912: Jeffrey G. Williamson, 1998. Real Wages and Relative Factor Prices in the Third World 1820-1940: Latin America, Appendix, Nominal Wage, Cost of Living, Real Wage, and Land Price in Argentina, 1864-1940 Harvard Institute of Economic Research Working Papers 1853, Harvard - Institute of Economic Research, 1913 to 1993: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998, 1994 to 2020: Bank for International Settlements, Consumer prices
- ^ 1440 to 1799: Robert C. Allen, Prices and Wages in Vienna, 1439-1913 1800 to 2018: Gerald Hubmann & Clemens Jobst & Michaela Maier, 2020. A new long-run consumer price index for Austria (1800–2018), Monetary Policy & the Economy, Oesterreichische Nationalbank, issue Q3/20, pages 61-88.
- ^ AU = 1850-1901: McLean, I.W. (1999), Consumer Prices and Expenditure Patterns in Australia 1850–1914. Australian Economic History Review, 39: 1-28 (taken W6 series from Table A1, which represents the average inflation in all of Australian colonies). For later years, calculated using the pre-decimal inflation calculator provided by the Reserve Bank of Australia for each year, input: £94 8s (94.40 Australian pounds in decimal values), start year: 1901.
- ^ Inflated values automatically calculated using the "3101 Road and bridge construction Australia" series provided in Australian Bureau of Statistics (2014) 6427.0 – Producer Price Indexes, Australia, Mar 2014: Table 17 Output of the Construction industries, subdivision and class index numbers. Retrieved 14 June 2014.
- ^ [https://www.ceicdata.com/en/bangladesh/consumer-and-producer-price-index-annual/bd-consumer-price-index Bangladesh BD: Consumer Price Index Economic Indicators CEIC[dubious – discuss]
- ^ 1399 to 1849: Robert C. Allen, Prices and Wages in Antwerp & Belgium, 1366-1913 1850 to 2020: Bank for International Settlements, Consumer prices
- ^ 1820 to 1911: Guilherme Alexandre Tombolo, O PIB brasileiro nos séculos XIX e XX: duzentos anos de flutuações econômicas – Curitiba, 2013 1912 to 2007: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998
- ^ 1688 to 1923: Geloso, Vincent, A Price Index for Canada, 1688 to 1850 (December 6, 2016). Afterwards, Canadian inflation numbers based on Statistics Canada tables 18-10-0005-01 (formerly CANSIM 326-0021) "Consumer Price Index, annual average, not seasonally adjusted". Statistics Canada. Retrieved April 17, 2021. and table 18-10-0004-13 "Consumer Price Index by product group, monthly, percentage change, not seasonally adjusted, Canada, provinces, Whitehorse, Yellowknife and Iqaluit". Statistics Canada. Retrieved 2024-05-08.
- ^ 1501 to 1813: Roman Studer, Pascal Schuppli, Deflating Swiss Prices over the Past Five Centuries, Historical Methods, Summer 2008, Volume 41, Number 3. Afterwards, Switzerland inflation numbers based on FSO-EN to 2015, FSO-DE 2015-2021 "CPI, Global index on all index bases". Federal Statistical Office. Retrieved May 14, 2021. and table 18-10-0004-13 "LIK, Totalindex auf allen Indexbasen". Federal Statistical Office. Retrieved May 14, 2021.
- ^ 1661-1805: Leticia Arroya Abad, Elwyn A. R. Davies, and Jan Luiten van Zanden, Prices and wages in Argentina, Bolivia, Chile, Colombia, Mexico and Peru 1807 : Guilherme Alexandre Tombolo, Evolución de los Precios en el Siglo XIX 1810 to 2006: 2007 to 2020: Bank for International Settlements, Consumer prices
- ^ 961-1359: Peter Lindert, China, rice prices 961-1910 (Liu) 1360 to 1729: Robert Allen, Jean-Pascal Bassino, Debin Ma, Christine Moll-Murata, and Jan Luiten Van Zanden Beijing prices 1738-1923 1924 to 1929: Yuru Wang, Urban Wholesale Price Change and Economic Growth in Modern China 1930 to 1948: Chang, K. (1963). The inflationary spiral; the experience in China, 1939-1950 [Cambridge]: Technology Press of Massachusetts Institute of Technology. 1949 to 1951: Burdekin, R.C.K., Wang, F. A Novel End to the Big Inflation in China in 1950 Economics of Planning 32, 211–229 (1999). 1952 to 1978: Gregory C. Chow, Peng Wang, The empirics of inflation in China, Economics Letters, Volume 109, Issue 1, 2010, ISSN 0165-1765. 1979 to 2019: National Bureau of Statistics of China, Consumer Price Index
- ^ 1500 to 1850: Ulrich Pfister, 2010. "Consumer prices and wages in Germany, 1500 - 1850," CQE Working Papers 1510, Center for Quantitative Economics (CQE), University of Münster. 1851-1882: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998. After 1883, German inflation numbers based on data available from the Deutsches Statistisches Bundesamt archive and GENESIS database.
- ^ 1502 to 2007: Kim Abildgren (2010) Consumer prices in Denmark 1502–2007, Scandinavian Economic History Review, 58:1, 2-24, 2008 to 2022: Statistics Denmark, Consumer price index, annual average (1900=100) by time
- ^ 1915 to 1993: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998 1994 to 2018: World Bank Inflation, consumer prices (annual %) - Egypt, Arab Rep.
- ^ 1276 to 1850: Álvarez Nogal, Carlos; Prados de la Escosura, Leandro (2013). "The rise and fall of Spain (1270-1850)". The Economic History Review. 66 (1). Wiley: 1–37. doi:10.1111/j.1468-0289.2012.00656.x. 1850 to 1936: Maluquer de Motes i Bernet, Jordi (2006). "La paradisíaca estabilidad de la anteguerra: Elaboración de un índice de precios de consumo en España, 1830-1936" (PDF). Revista de Historia Económica (in Spanish). 24 (2). Madrid: Universidad Carlos III: 333–382. hdl:10016/12544. ISSN 0212-6109. 1936 to 1961: de Ojeda Eiseley, Alonso (1988). Índices de precios en España en el período 1913 - 1987. Madrid: Banco de España. ISBN 84-7793-007-4. 1961 to 2022: "Consumer Price Index for Spain". International Financial Statistics. International Monetary Fund. Retrieved 6 September 2023.
- ^ Eurostat, HICP - annual data (average index and rate of change); for Euro area (19 countries; 20 countries since 2023), retrieved 2 March 2024. DOI 10.2908/prc_hicp_aind
- ^ Statistics Finland, 11xy -- Cost-of-living index (1914:1-6=100), annual data, 1860-2023
- ^ 1262 to 1789 Leonardo Ridolfi, The French economy in the longue durée: a study on real wages, working days and economic performance from Louis IX to the Revolution (1250–1789), Ridolfi, L. (2019). Six Centuries of Real Wages in France from Louis IX to Napoleon III: 1250–1860. The Journal of Economic History, 79(3), 589-627. 1798 to 1809: Mitchell, B. R. (Brian R.). (1975). European historical statistics, 1750-1970. New York: Columbia University Press, 1810 to 1903: Sauvy, Alfred. Variations des prix de 1810 à nos jours. Journal de la société française de statistique, Volume 93 (1952) , pp. 88-104 1904 to 2022: Institut national de la statistique et des études économiques, Coefficient de transformation de l'euro ou du franc d'une année, en euro ou en franc d'une autre année – Base 2015 – Série utilisée par le convertisseur franc-euro – Identifiant 010605954
- ^ 1833-1913: South-Eastern European Monetary and Economic Statistics from the Nineteenth Century to World War II, published by: Bank of Greece, Bulgarian National Bank, National Bank of Romania, Oesterreichische Nationalbank, 2014, Athens, Sofia, Bucharest, Vienna. Afterwards, Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998
- ^ 1947 to 1980: Bank for International Settlements, Consumer prices, afterwards "Consumer Prices, Table E501 : Consumer Price Index at Commodity/Service Section/Group level". www.censtatd.gov.hk. Retrieved 2021-08-14.
- ^ 1820 to 1919: Williamson J., Real Wages and Relative Factor Prices in the Third World 1820-1940: Asia. 2000, Appendix 3 Nominal Wage, Cost of Living and Real Wage Data for Indonesia Java 1820-1940, Outer Provinces 1878-1939, 1920 to 2007: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998
- ^ "Bank of Israel - Data & Statistics - SeriesData". www.boi.org.il. Retrieved 2021-05-25.
- ^ 1595 to 1872: Bob Allen, Prices and Wages in India, 1595-1930 1873 to 1919: Williamson J., Real Wages and Relative Factor Prices in the Third World 1820-1940: Asia. 2000, Appendix 2 Nominal Wage, Cost of Living and Real Wage Data for India 1873-1939 and Land Prices for the Punjab 1871-1939, 1920 to 1953: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998, 1954 to 2023: Historic inflation India – CPI inflation, Inflation.eu, retrieved 8 July 2023
- ^ The Consumer Price Index for All Urban Consumers (Inflation Rate) (PDF) (in Persian), Central Bank of Iran, retrieved 25 June 2020
- ^ Bank for International Settlements, Consumer prices
- ^ 1399-1859: Robert Allen, Consumer price indices, nominal / real wages and welfare ratios of building craftsmen and labourers, 1260-1913, Prices and Wages in Naples, 1474-1806, and Prices and Wages in Northern Italy, 1286-1914, 1861 to 1995 Istat, Coefficienti per tradurre valori monetari dei periodi sottoindicati in valori del 2019, 1995 to 2020: Istat, Indice dei prezzi al consumo per l'intera collettività
- ^ 1868 to 1938: Williamson J., Nominal Wage, Cost of Living, Real Wage and Land Rent Data for Japan 1831-1938, 1939 to 1945: Bank of Japan Historical Statistics Afterwards, Japanese Historical Consumer Price Index numbers based on data available from the Japanese Statistics Bureau. Japan Historical Consumer Price Index (CPI) – 1970 to 2014 Retrieved 30 July 2014. For between 1946 and 1970, from "昭和戦後史". Retrieved 2015-01-24.
- ^ 1525 to 1770: Leticia Arroya Abad, Elwyn A. R. Davies, and Jan Luiten van Zanden, Prices and wages in Argentina, Bolivia, Chile, Colombia, Mexico and Peru 1771 to 1930: Challú, A., & Gómez-Galvarriato, A. (2015). MEXICO'S REAL WAGES IN THE AGE OF THE GREAT DIVERGENCE, 1730-1930. Revista De Historia Económica / Journal of Iberian and Latin American Economic History, 33 (1), 83-122, 1931 to 1934: Estadísticas Históricas de México, 1935 to 2007: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998.
- ^ Historical Prices and Wages, International Institute of Social History, Value of the Guilder versus Euro
- ^ Honningdal Grytten, Ola, 2018. "A continuous consumer price index for Norway 1492-2017," Discussion Paper Series in Economics 26/2018, Norwegian School of Economics, Department of Economics.
- ^ 1850-2017: "Consumer Price Index, Annual Growth". Data1850. New Zealand Institute of Economic Research. 2018-2021: "Consumers Price Index". Infoshare. StatsNZ.
- ^ 1564 to 1824: Leticia Arroya Abad, Elwyn A. R. Davies, and Jan Luiten van Zanden, Prices and wages in Argentina, Bolivia, Chile, Colombia, Mexico and Peru 1825 to 1900: Leticia Arroyo Abad, 2016. Despegue frustrado: costo de vida y estándares de vida en el Perú durante el siglo XIX, Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 39(78), pages 119-148. 1901 to 2017: Cesar Martinelli, Marco Vega La Historia Monetaria y Fiscal de Peru, 1960-2017: Experimentos Radicales de Politica, Inflacion y Estabilizacion
- ^ 1899 to 1938: Williamson J., Real Wages and Relative Factor Prices in the Third World 1820-1940: Asia, Nominal Wage, Cost of Living and Real Wage Data for the Philippines 1899-1940 1949 to 1958: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998. Afterwards, Consumer Price Index,Inflation Rate and Purchasing Power of the Peso (national averages)
- ^ "Claims on central government, etc. (% GDP)". World Bank Data. 19 March 2021.
- ^ 1409 to 1913: Robert C. Allen, Consumer price indices, nominal / real wages and welfare ratios of building craftsmen and labourers, 1260-1913, 1914 to 2007: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998, 2008 to 2021: World Bank, Consumer price index (2010 = 100) 2008-2021
- ^ 1672 to 1928: Pimenta, Carlos Explicação da Inflação em Portugal. ISEG. Lisbon: UTL. 1929 to 2007: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998
- ^ 1548 to 1675 A.G. Vinogradov, National economy of Russia 1515-2015, 1703 to 1913: Mironov, B. (2010). Wages and Prices in Imperial Russia, 1703-1913. The Russian Review, 69(1), 47-72. Retrieved May 21, 2021, 1914 to 1956: Efremov, Steven M., The Role of Inflation in Soviet History: Prices, Living Standards, and Political Change (2012), 1956 to 1984: CIA, USSR: Estimates of Personal Incomes and Savings 1985 to 1990: Stanley Fischer, 1994. Russia and the Soviet Union Then and Now, NBER Chapters, in: The Transition in Eastern Europe, Volume 1, Country Studies, pages 221-258, National Bureau of Economic Research, Inc., 1991-2023: Federal State Statistics Service, Indices of consumer prices for goods and services in the Russian Federation, monthly data (since 1991)
- ^ 1290 to 2009 Edvinsson, R., & Söderberg, J. (2010). The evolution of Swedish consumer prices 1290-2008. In Exchange Rates, Prices, and Wages, 1277-2008 (pp. 412–452). 2009 to 2023 "CPI, Historical numbers, 1830–". Statistics Sweden. Retrieved 2024-05-15.
- ^ "M212931 - Consumer Price Index (CPI), 2019 As Base Year, Annual". Department of Statistics, Singapore. 23 May 2023. Retrieved 10 September 2023.
- ^ 1820 to 1941: Williamson J., Real Wages and Relative Factor Prices in the Third World 1820-1940: Asia. 2000, Nominal Wage, Cost of Living and Real Wage Data for Thailand (Siam) 1820-1939, 1944 to 1993: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998, 1994 to 2020: Bank for International Settlements, Consumer prices
- ^ 1585 to 1938: Hakan Berument and Asli Gunay 1 (2007) Inflation Dynamics and its Sources in the Ottoman Empire: 1586–1913, International Review of Applied Economics, 21:2, 207-245, 1939 to 2021: Bank for International Settlements, Consumer prices
- ^ 1903 to 1958: Coos Santing, 2007, Inflation 1800-2000, data from OECD, Organisation for Economic Co-operation and Development, Economic Outlook. Historical Statistics and Mitchell, B. R. International Historical Statistics, Africa, Asia and Oceania 1750-1993 London : Macmillan ; New York : Stockton, 1998, International Historical Statistics, Europe 1750-1993 London : Macmillan ; New York : Stockton, 1998, and International Historical Statistics, The Americas 1750-1993 London : Macmillan ; New York : Stockton, 1998, 1959 to 2021: Statistical Bureau of the Republic of China, Time Series of Consumer Price Indices in Taiwan Area
- ^ UK Retail Price Index inflation figures are based on data from Clark, Gregory (2017). "The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)". MeasuringWorth. Retrieved May 7, 2024.
- ^ United Kingdom Gross Domestic Product deflator figures follow the MeasuringWorth "consistent series" supplied in Thomas, Ryland; Williamson, Samuel H. (2024). "What Was the U.K. GDP Then?". MeasuringWorth. Retrieved July 15, 2024.
- ^ a b 1634–1699: McCusker, J. J. (1997). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda (PDF). American Antiquarian Society. 1700–1799: McCusker, J. J. (1992). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States (PDF). American Antiquarian Society. 1800–present: Federal Reserve Bank of Minneapolis. "Consumer Price Index (estimate) 1800–". Retrieved February 29, 2024.
- ^ Johnston, Louis; Williamson, Samuel H. (2023). "What Was the U.S. GDP Then?". MeasuringWorth. Retrieved November 30, 2023. United States Gross Domestic Product deflator figures follow the MeasuringWorth series.
- ^ South Africa – Consumer price index, International Monetary Fund, International Financial Statistics and data files.[dubious – discuss]
- ^ 1906 to 1911: Williamson J. (1999), Nominal Wage, Cost of Living, Real Wage and Land Rent Data for Korea 1906-1939 1912 to 1939: Mizoguchi, T. (1972). Consumer Prices and Real Wages in Taiwan and Korea Under Japanese Rule. Hitotsubashi Journal of Economics, 13(1), 40-56. Retrieved May 21, 2021. Afterwards, consumer price index from Statistics Korea. Consumer Price Index by year. Retrieved 3 April 2018