Historical Research and Development Inflation Indices for Army Fixed and Rotor Winged Aircraft.
ARMY AVIATION RESEARCH AND DEVELOPMENT COMMAND ST LOUIS MO
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This Technical Memorandum is a continuation of previous efforts to develop the necessary rationale and methodology needed in order to construct historical inflation indices, in the Research and Development RD area, relative to Army aircraft. The RD historical indices, and the sub-indices from which they are derived, are presented in the appendices to this report for the period FY68 through FY81. These indices are appropriate for updating statistical reports that formerly utilized the OSD forecasting indices for initial use in bringing a cost in prior years to a present-year dollar value and for evaluating inflation actually experienced. A computer program is utilized to make the necessary mathematical calculations. Data sources for this report were the Office of Personnel Management OPM and the Bureau of Labor Statistics BLS. OPM supplied data on government salaries. BLS furnished data on industry salaries and thirteen different materials. The computer program prints the RD historical inflation indices and subindices by fiscal year as shown in Appendices C through G of this report.
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- Economics and Cost Analysis