How to calculate the inflation adjustment e.g. for Germany:
amount: 1.500,- EUR index base: 2015 period: from 02.2020 to 02.2021
How to calculate the inflation adjustment e.g. for Germany:
amount: 1.500,- EUR index base: 2015 period: from 02.2020 to 02.2021
Example of calculating the inflation adjustment
An amount of € 1,500 is secured with the VPI (2015).
The starting month / year is December 2019. What is the amount in December 2020 (= comparison month)?
You need the values of the index series 2015 for the both months of December 2019 and December 2020.
The current tables can be found on the Internet … for Germany: Homepage of the Federal Statistical Office for Austria: Homepage of Statistics Austria
Required data (example AT): Value for December 2019: 108.1 Value for December 2020: 109.4
Calculation: Step 1: 109.4: 108.1 = 1.01203 (factor) Step 2: € 1,500 x 1.01203 = € 1,518
Old amount: € 1,500 New amount:** € 1,518**
You can make use of an API to be consumed in your application, see also:
https://rapidapi.com/ch.walter76/api/consumer-price-index-germany-and-austria