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'''Chained dollars''' is a method of adjusting real dollar amounts for [[inflation]] over time, so as to allow comparison of figures from different years.<ref>Mark McCracken, [http://www.teachmefinance.com/Scientific_Terms/Chained_dollars.html Definition of Chained dollars] TeachMeFinance.com. Accessed 2009.05.11.</ref> The U.S. Department of Commerce introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2000 as the base year.▼
The technique is so named because the second number in a pair of successive years becomes the first in the next pair. The result is a "chain" of weights and averages. <ref>U.S. Department of Energy, [http://www.eia.doe.gov/emeu/consumptionbriefs/recs/natgas/chained.html Chained
▲'''Chained dollars''' is a method of adjusting real dollar amounts for [[inflation]] over time. The U.S. Department of Commerce introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2000 as the base year.
▲The technique is so named because the second number in a pair of successive years becomes the first in the next pair. The result is a "chain" of weights and averages. <ref>[http://www.eia.doe.gov/emeu/consumptionbriefs/recs/natgas/chained.html Chained (1996) Dollars<!-- Bot generated title -->]</ref>
==See also==
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