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this video is going to show you how to adjust data for inflation itamp;#39;s important to adjust any dollar values if youamp;#39;re trying to compare any data thatamp;#39;s three or more years apart this is a perfect example this is University of Minnesota tuition rates from 1960 to 2016 and itamp;#39;s completely unfair for us to say that tuition back in 1960 was $200 and itamp;#39;s not twelve thousand five hundred dollars and that how much of it whatamp;#39;s that percentage change in Festing for inflation what that does is removes inflation as a factor for the increase so any increase we see remaining after adjusting for inflation we can call that any change over and above the rate of inflation in this case we can say the university you know increased it above what they needed to just to keep pace with inflation letamp;#39;s talk about how what the formula is for calculating this what weamp;#39;re going to use is the Consumer Price Index numbers for each year you can get th
