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Inflation Indexes
 

National Institutes of Health
Inflation Indexes
  Gross Domestic Product (GDP) Price Index

Annual budget formulation guidance from the Office of Management and Budget (OMB) typically makes reference to the Price Index for the Gross Domestic Product (GDP). This measures the annual percentage price increase for all goods and services produced by labor and property located in the United States. The Department of Commerce’s Bureau of Economic Analysis (BEA) computes this statistic, and makes projections for future years. Visit the following links for a detailed history/projections table of the GDP price index:

The Price Index for the Gross Domestic Product (GDP) (Microsoft Excel Spreadsheet)
The Price Index for the Gross Domestic Product (GDP) (Adobe PDF Version)

For more information on the GDP, visit the BEA website: Bureau of Economic Analysis

Biomedical Research and Development Price Index (BRDPI)

Of particular interest to NIH is the Biomedical Research and Development Price Index (BRDPI). This index was developed by the Department of Commerce to provide a more precise gauge of the resources necessary to keep up with inflationary costs particular to biomedical research. The BEA annually updates this index for the most recently completed year. Values for future years are estimated by NIH’s Office of Science Policy and Planning. For a more detailed overview of BRDPI and history/projection tables, visit: BRDPI Overview of Annual Update on the OSPP website.


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The Office of Budget (OB) is at the hub of program budget and resource allocation at the National Institutes of Health (NIH), developing, presenting, executing and reconciling a $28 billion budget in FY 2004 to finance 27 institutes and centers.
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