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Office of Applied Economics
Building and Fire Research Laboratory
National Institute of Standards and Technology

Interest Rates

The following inflation and discount rates are recommended for use in BridgeLCC.

Inflation Rate

Length of Study Period
Base year 3-year 5-year 7-year 10-year 30-year
2003 and beyond 1.5% 1.7% 1.7% 1.7% 1.8%

Real Discount Rate

Length of Study Period
Base year 3-year 5-year 7-year 10-year 30-year
2003 and beyond 1.6% 1.9% 2.2% 2.5% 3.2%


Source:
Office of Management and Budget, Guidelines and Discount Rates for Benefit-Cost Analysis of Federal Programs, Appendix C, OMB Circular A-94, Washington, D.C., January, 2003.


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Office of Applied Economics, Building and Fire Research Laboratory,
National Institute of Standards and Technology. September 24, 2003.