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hawklost t1_ivr7qd7 wrote

Reply to comment by maggiesyg in Frequency of billion-dollar natural disasters in the US (2021 dollars), 1980 – 2022 [OC] by USAFacts_Official

Yes, but would the same bridge being built in 1980 cost the same in 2022?

Unless this adjusts for items like More power lines, bridges, houses, towers and other items like that in an area. And then also adjusts the costs of the items for inflation, this chart is t actually useful to show anything other than humans build more the longer we are around and things get more expensive over the years.

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maggiesyg t1_ivrrls3 wrote

It is adjusted for inflation

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Miserly_Bastard t1_ivs3flt wrote

Standard metrics of inflation abysmally fail to capture the increase in the cost of repair and replacement of buildings and infrastructure over the span of decades. Moreover, rent is included in CPI but asset values relative to rents have ballooned into the stratosphere and are not included in CPI. When a tornado blows away a house, it destroys an asset.

It actually gets worse. The CPI is full of convolutions (just Google "hedonic adjustments") rendering it meaningless beyond the span of a few years.

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Bird767 t1_ivrsc1c wrote

Not unless you adjust for inflation

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