I was looking through the CPI99 documentation in CPS and USAand noticed a discrepancy between the pages I don’t quite understand. In the CPS version of the page it appears that in order to adjust 2015 $ to 1999 levels we multiply by 0.703. However, in the USA version it seems that in order to achive the same conversion we should multiply by 0.690.
Values of CPI99 in 2016 CPS ASEC (reference period of income variables is last calendar year) and the ACS 2015 (ref. period last 12 months) are indeed 0.703 and 0.690 respectively.
Did I misunderstand something?
Your reply would be much appropriated.
Thank you very much for your help!