How Prices are Calculated in the USA
In the United States, prices are adjusted for inflation using the Consumer Price Index (CPI) provided by the Bureau of Labor Statistics. This allows us to convert historical prices to their modern equivalents.
How Prices are Calculated in the UK
In the United Kingdom, prices are adjusted using the Retail Price Index (RPI), which reflects the changes in the cost of living over time. The data is sourced from the UK Office for National Statistics.
How Prices are Calculated in the Czech Republic
For the Czech Republic, we use the Consumer Price Index (CPI) from the Czech Statistical Office to adjust historical prices and provide their equivalents in today’s money.