Re: [Gretl-users] Correcting for inflation
On Fri, 10 Apr 2009, Allin Cottrell wrote:
1983:3 1699.0 100.1000
1983:4 1748.1 101.1000
1984:1 1794.0 102.5333
1984:2 1837.9 103.5000
1984:3 1877.3 104.4000
1984:4 1911.1 105.3000
Then I might choose a base period -- say, 1993:3, and do
Sorry, I meant base 1983:3.
genr realwages = wages * CPI[1983:3] / CPI
Allin.