Annual inflation series from Charles P. Jones & Jack W. Wilson, 2006, "The Impact of Inflation Measures on the Real Returns and Risk of U. S. Stocks," The Financial Review 41, forthcoming. XCPIRS is the new series presented in the 2006 FR article. PPIFG is the final goods measure of the Producer Price Index. PPIAC is the all commodities definition of the Producer Price Index. BLSCPI is the official Consumer Price Index. PPIAC/BLSCPI is the spliced series. All measures are calculated on a calendar year basis using monthly data. Year XCSPIRS PPIFG PPIACJAN BLSCPI PPIAC/BLSCPI13 1870 1.00000 1.00000 1.00000 1.000000 1.00000 1871 0.95715 1.03907 1.01494 0.957151 1.01494 1872 0.97097 1.06250 1.03834 0.970966 1.03834 1873 0.92157 1.00000 0.99220 0.921574 0.99220 1874 0.88158 0.94531 0.92333 0.881576 0.92333 1875 0.85855 0.89844 0.87005 0.858547 0.87005 1876 0.84952 0.88281 0.87784 0.849516 0.87784 1877 0.80442 0.78125 0.74074 0.804417 0.74074 1878 0.76607 0.67188 0.66407 0.766068 0.66407 1879 0.82269 0.79688 0.80117 0.822693 0.80117 1880 0.78815 0.78125 0.75569 0.788146 0.75569 1881 0.81913 0.83594 0.81676 0.819128 0.81676 1882 0.81384 0.82032 0.80117 0.813836 0.80117 1883 0.78258 0.75781 0.74074 0.782577 0.74074 1884 0.76270 0.67969 0.66407 0.762701 0.66407 1885 0.75313 0.67188 0.64133 0.753131 0.64133 1886 0.74465 0.64063 0.64133 0.744647 0.64133 1887 0.74963 0.67969 0.67186 0.749622 0.67186 1888 0.74185 0.67969 0.64133 0.741850 0.64133 1889 0.71331 0.64063 0.61079 0.713308 0.61079 1890 0.73082 0.64553 0.62573 0.730823 0.62573 1891 0.70304 0.61360 0.58804 0.703033 0.58804 1892 0.73406 0.62728 0.63353 0.734063 0.63353 1893 0.67857 0.57482 0.54971 0.678571 0.54971 1894 0.66686 0.54174 0.52697 0.666854 0.52697 1895 0.66825 0.55087 0.53411 0.668248 0.53411 1896 0.65415 0.54288 0.51917 0.654147 0.51917 1897 0.66652 0.54859 0.53411 0.666514 0.53411 1898 0.63831 0.55087 0.54191 0.638312 0.54191 1899 0.67867 0.64667 0.63353 0.678666 0.63353 1900 0.65811 0.62842 0.61858 0.658116 0.61858 1901 0.66876 0.65808 0.63353 0.668755 0.63353 1902 0.69990 0.70142 0.69461 0.699896 0.69461 1903 0.69307 0.66378 0.66407 0.693076 0.66407 1904 0.70151 0.69685 0.67966 0.701512 0.67966 1905 0.69774 0.69571 0.67966 0.697741 0.67966 1906 0.71997 0.73335 0.71020 0.719970 0.71020 1907 0.72764 0.72081 0.69461 0.727639 0.69461 1908 0.71711 0.73905 0.71735 0.717103 0.71735 1909 0.74948 0.81661 0.79402 0.749479 0.79402 1910 0.73643 0.75958 0.74074 0.736424 0.74074 1911 0.75564 0.74476 0.73294 0.755642 0.73294 1912 0.77555 0.79950 0.78622 0.775693 0.78622 1913 0.79171 0.78810 0.76673 0.791523 0.80226 1914 0.79960 0.76756 0.76673 0.799439 0.81029 1915 0.81538 0.84398 0.86420 0.815269 0.82633 1916 0.91008 1.13139 1.14360 0.918167 0.93063 1917 1.07841 1.40169 1.40351 1.084387 1.09910 1918 1.29936 1.55452 1.50747 1.306014 1.32374 1919 1.49137 1.71648 1.76738 1.495979 1.51628 1920 1.44754 1.37660 1.27355 1.535556 1.55640 1921 1.29967 1.05954 1.02014 1.369336 1.38792 1922 1.26801 1.14850 1.14360 1.337675 1.35583 1923 1.32208 1.11884 1.11761 1.369336 1.38792 1924 1.32712 1.15763 1.15010 1.369336 1.38792 1925 1.37921 1.17929 1.15660 1.416827 1.43605 1926 1.35484 1.11656 1.06563 1.400997 1.42001 1927 1.32285 1.09946 1.07862 1.369336 1.38792 1928 1.30386 1.09261 1.07212 1.353505 1.37187 1929 1.30782 1.06410 1.03314 1.361420 1.37990 1930 1.20725 0.90785 0.87719 1.274353 1.29165 1931 1.07818 0.78239 0.75374 1.155624 1.17131 1932 0.96853 0.71396 0.68226 1.036896 1.05097 1933 1.00238 0.80748 0.80572 1.044811 1.05899 1934 1.03911 0.87705 0.88369 1.060641 1.07504 1935 1.08013 0.92267 0.90318 1.092302 1.10713 1936 1.09981 0.96031 0.96166 1.108133 1.12317 1937 1.13337 0.93180 0.90968 1.139794 1.15526 1938 1.09590 0.87819 0.86420 1.108133 1.12317 1939 1.08993 0.90329 0.89019 1.108133 1.12317 1940 1.10188 0.91241 0.90318 1.116048 1.13119 1941 1.21447 1.06752 1.07212 1.226861 1.24351 1942 1.32539 1.15192 1.13710 1.337675 1.35583 1943 1.36320 1.17701 1.15660 1.377251 1.39594 1944 1.38475 1.19412 1.17609 1.408912 1.42803 1945 1.40445 1.22149 1.19558 1.440573 1.46012 1946 1.65956 1.60698 1.59194 1.701775 1.72487 1947 1.80903 1.74621 1.79987 1.852165 1.87730 1948 1.85806 1.79665 1.77388 1.907572 1.93346 1949 1.82468 1.71469 1.68291 1.867995 1.89335 1950 1.93022 1.89121 1.98181 1.978809 2.00566 1951 2.04371 1.94794 1.94932 2.097537 2.12600 1952 2.06169 1.90381 1.89084 2.113368 2.14205 1953 2.07453 1.91012 1.91033 2.129198 2.15809 1954 2.06450 1.91012 1.89734 2.113368 2.14205 1955 2.07220 1.92903 1.92982 2.121283 2.15007 1956 2.13315 2.01098 2.01429 2.184605 2.21425 1957 2.18896 2.08033 2.04678 2.247927 2.27843 1958 2.22982 2.08663 2.05978 2.287503 2.31855 1959 2.25761 2.08033 2.05328 2.327079 2.35866 1960 2.29334 2.11815 2.06628 2.358740 2.39075 1961 2.31109 2.10554 2.05978 2.374570 2.40680 1962 2.34168 2.11185 2.05328 2.406231 2.43889 1963 2.37460 2.10554 2.06628 2.445808 2.47900 1964 2.40005 2.11815 2.06628 2.469553 2.50307 1965 2.44068 2.18749 2.13775 2.517045 2.55120 1966 2.50933 2.23162 2.17024 2.604112 2.63945 1967 2.58056 2.26945 2.19623 2.683265 2.71968 1968 2.68237 2.33879 2.26121 2.809908 2.84804 1969 2.82201 2.45226 2.37167 2.984043 3.02454 1970 2.94928 2.50269 2.42365 3.150263 3.19302 1971 3.05343 2.58465 2.52112 3.253161 3.29731 1972 3.15523 2.68551 2.70305 3.363975 3.40963 1973 3.42214 3.00071 3.18389 3.656838 3.70647 1974 3.80090 3.56177 3.72969 4.108007 4.16376 1975 4.05006 3.78241 3.89214 4.392955 4.45257 1976 4.25601 3.92740 4.08057 4.606667 4.66918 1977 4.52293 4.19217 4.34048 4.915361 4.98207 1978 4.87119 4.58302 4.79532 5.358614 5.43134 1979 5.39133 5.16929 5.53606 6.070985 6.15337 1980 5.96574 5.78078 6.18583 6.830848 6.92355 1981 6.45874 6.19055 6.47823 7.440321 7.54129 1982 6.77534 6.41119 6.51072 7.725269 7.83011 1983 7.02410 6.44901 6.68616 8.018133 8.12695 1984 7.28643 6.55618 6.71865 8.334742 8.44785 1985 7.54876 6.67595 6.70565 8.651352 8.76876 1986 7.62113 6.52466 6.53021 8.746334 8.86503 1987 7.92869 6.66965 6.79662 9.134181 9.25814 1988 8.24077 6.93442 7.17999 9.537858 9.66730 1989 8.58904 7.27484 7.46589 9.981111 10.11657 1990 9.07751 7.69090 7.73229 10.590584 10.73431 1991 9.29009 7.68460 7.51137 10.915109 11.06324 1992 9.52076 7.80437 7.66732 11.231718 11.38414 1993 9.73786 7.82329 7.73879 11.540412 11.69703 1994 9.94592 7.95567 7.98571 11.849106 12.00991 1995 10.17206 8.13849 8.20663 12.149885 12.31477 1996 10.48414 8.36543 8.42755 12.553562 12.72393 1997 10.64697 8.26457 8.14815 12.767274 12.94054 1998 10.79623 8.26457 7.98571 12.973070 13.14913 1999 11.09022 8.50412 8.33658 13.321340 13.50213 2000 11.46110 8.80671 9.09682 13.772508 13.95942 2001 11.63749 8.66172 8.34958 13.986220 14.17603 2002 11.91339 8.76258 8.79142 14.318660 14.51298 2003 12.18476 9.10930 9.18778 14.587778 14.78575 2004 12.58144 9.48124 9.80506 15.062692 15.26711