Adjusting ACS layers for inflation

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08-26-2022 11:14 AM
BernSzukalski
Esri Frequent Contributor
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Economists at the Bureau of Labor Statistics measure the rate of price increases, also known as inflation, and they publish these rates in the Consumer Price Index (CPI).

Some of the most popular attributes in Living Atlas, such as median home value and median household income, are affected by inflation. As GIS analysts, we can use the CPI to adjust for inflation when comparing these measures over time.

inflation-2.png

For more information, see Inflation is coming. What's a GIS Analyst to do?

About the Author
Esri technical evangelist and product advocate. On a good day I'm making a map. On a great day I'm on one. https://www.linkedin.com/in/bernszukalski/ bszukalski@esri.com