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Historical Inflation Program. A Computer Program Generating Historical Inflation Indices for Army Aircraft
ARMY TROOP SUPPORT AND AVIATION MATERIEL READINESS COMMAND ST LOUIS MO
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This report extends and revises Technical Report 81-1 which presents and describes the Historical Inflation Program, a computer program generating historical inflation indices for Army aircraft. The program can be updated monthly, is easily revised for changes in Bureau of Labor Statistics methods, and is capable of handling data for all fiscal year formats. Output is expressed as monthly, quarterly, Fiscal Year, and Calendar Year inflation indices in Calendar Year 1967 base and inflation factors in any Fiscal Year base. This report contains updated tables of inflation factors, expressed in a FY 81 base. These indices and factors provide a means of adjusting historical cost data for the procurement of Army aircraft to constant year dollars. Additional features include computations for the Derivation of Revised Weighting Factors, detailed indices enabling the adjustment of historical Labor and Material cost separately, a discussion of aggregate weighting factors for Labor and Materials, including trends from sensitivity analysis with more background materials, and additional documentation aimed at making the report useful to a large cross section of the DODRotary Wing Aircraft Community.
APPROVED FOR PUBLIC RELEASE