Adjust for Inflation - Real Price vs. Nominal PriceFor 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.
