Comment by agurk
10 months ago
One detail here is that 1981 dollars aren't 2023 dollars, so to compare they need to be adjusted.
Using [0] $3.5 bn in 1981 would have been worth $11.7 bn in 2023.
Another comment [1] noted (but unfortunately didn't cite) that two years later the damage was assessed at $36 bn, or $110 bn in 2023 dollars.
No, they don't need to be adjusted. The linked website has already adjusted for CPI. There's even an option to turn on/off adjusting, and it's on by default. I didn't cite because this is using the same data / website as the original claim.