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.