Journal Article

A web-based tool for adjusting costs to a specific target currency and price year

By Marcello Morciano, Ian Shemilt and James Thomas

Publication details

Publication date
Published in
Evidence & Policy
Volume
6
Pages
pp. 51–60

Abstract

Objective: To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.

Methods: A web-based tool was programmed using C#, utilising GDP deflator index values and Purchasing Power Parities conversion rates produced by the International Monetary Fund and the Organisation for Economic Co-operation and Development.

Results: Version 1.0 is available at http://eppi.ioe.ac.uk/costconversion/default.aspx

Conclusions: The tool can be used as a first-line approach to cost adjustment in non-healthcare applications and as an optional approach in healthcare applications when use of more sophisticated methods is not feasible.

Notes

Not held ASL.