Adjust for Inflation - Real Price vs. Nominal Price
For USA (dollar-priced assets):
CPI ticker: FRED:CPIAUCSL
Calculate ratio R:
R = ( y / FRED:CPIAUCSL) where y is the current value
Calculate real price:
Asset symbol * R
Example: calculate real price of Comex gold futures (COMEX:GC1!)
'COMEX:GC1!' * (256.16 / 'FRED:CPIAUCSL')
Note
1) Sometimes it is necessary to put symbol names in 'quotation marks' when performing operations on them.
2) In the examples above, remember to replace the current value in the ratio with the actual current value.
CPI ticker: FRED:CPIAUCSL
Calculate ratio R:
R = ( y / FRED:CPIAUCSL) where y is the current value
Calculate real price:
Asset symbol * R
Example: calculate real price of Comex gold futures (COMEX:GC1!)
'COMEX:GC1!' * (256.16 / 'FRED:CPIAUCSL')
Note
1) Sometimes it is necessary to put symbol names in 'quotation marks' when performing operations on them.
2) In the examples above, remember to replace the current value in the ratio with the actual current value.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.