NIH Issues FY 2003 BRDPI
Report
February 6, 2004 - According to a Jan. 30 report
from the National Institutes of Health (NIH), the Biomedical
Research and Development Price Index (BRDPI) for FY 2003 is
4.6 percent, significantly higher than the 3.1 percent increase
NIH estimated in December 2002. Calculated by the Bureau of
Economic Analysis in the Department of Commerce, BRDPI measures
changes in the prices of items and services for the NIH's
sponsored research activities, and indicates how much the
NIH budget would have to increase to maintain current purchasing
power. According to the report, "the major reason for
the discrepancy between the predicted and actual growth in
the BRDPI was an unexpected surge in the growth of the BRDPI
relative to the general rate of inflation. The spread between
the growth in the BRDPI and growth in the Price Index for
the GDP exceeded the historical average." Further, "NIH
projects the BRDPI to increase by 3.8 percent per year for
FY 2004; 3.5 percent during FY 2005 and FY 2006; 3.7 percent
during FY 2007; and by 3.8 percent for FY 2008."
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