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Note, price year adjustment refers to the process of bringing all costs to a common baseline year to allow for valid comparisons. This involves adjusting for past inflation using historical consumer price indices or deflators. For example, a cost reported in 2017 USD might be inflated to 2024 USD using appropriate indices. This is supported by the package and ensures consistency across input data sources. Future inflation assumptions, by contrast, involve projecting current prices into future years based on assumed rates of inflation (e.g. 2 future costs or budgets over time. This package does not support forward-looking inflation projections; users wishing to apply such assumptions should do so outside the package workflow.

Usage

set_target_year(year)

Arguments

year

Target year to use when adjusting for inflation