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

Authors:
Ian Shemilt Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UKand Campbell and Cochrane Economics Methods Group

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Thomas James EPPI-Centre, Social Science Research Unit, Institute of Education, University of London, UK

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Morciano Marcello Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UK

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To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.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

Ian Shemilt Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UKand Campbell and Cochrane Economics Methods Group

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Thomas James EPPI-Centre, Social Science Research Unit, Institute of Education, University of London, UK

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Morciano Marcello Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UK

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