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)
The Price Index for the Gross Domestic Product (GDP)
Biomedical Research and Development Price Index (BRDPI) - Updated January 2024.
The annual change in the Biomedical Research and Development Price Index (BRDPI) indicates how much the NIH budget must change to maintain purchasing power. The BRDPI was developed and is updated annually by the Bureau of Economic Analysis (BEA), Department of Commerce under an interagency agreement with the NIH. The projections for future year values are prepared by the Division of Statistical Analysis and Reporting in the Office of Extramural Research, NIH. Further inquiries should be directed to Dr. Deepshikha Roychowdhury at (301) 435-0653 or by e-mail at [email protected].
Visit the following links for the specific BRDPI information and the Annual Values Index:
BRDPI Overview of Annual Update
BRDPI Table of Annual Values Index
BRDPI Table of Annual Values Index