Salary Calculator (PPP)

PSE

GRD

Convert your salary from one currency to another using PPP Calculator

English

Enter Your Salary

Choose your Country for Currency Conversion as per PPP below

West Bank and Gaza

Grenada

Israeli new shekel (₪) = East Caribbean Dollar ($)

You require a salary of

$ 27,315.34
info icon

We're comparing economic indicators between countries for the same year, even if it's not the latest year available. This ensures consistency, but if we want to use the latest data for both countries, you'll need to switch to an non-strict mode. (feature coming soon).

in Grenada to live a similar quality of life as you would live with a salary of 10,000 in West Bank and Gaza

2022 PPP data from World Bank

Introduction to PPP (Purchasing Power Parity)

Purchasing Power Parity In layman language

First of all, PPP is not perfect but it is a theoretical scaling instrument that helps us understand our salary difference using the exchange rates provided and cost of goods in the particular country.

In simpler terms, to calculate which things we can afford if our salaries remain the same in the same country where I want to buy things.


Let me clear your confusion by presenting you with an example here how it goes, Imagine you have a ₪ 10,000 salary, you want to move abroad to the Grenada, should you directly convert your currency to check how much you should be paid ?

Well actually No, let's check with a burger, check if the price of 🍔Burger is the same in the Grenada as you have right now in West Bank and Gaza. Even if you have tried to convert the price of it, you will find it slightly expensive or affordable so are you convinced now why exchange rates are not correct to check your salary.

So instead of checking exchange rates use Purchasing power parity values provided by 🌐World Bank, this index will guide and keep you informed about keeping inflation, expensive places in mind to negotiate it with your hr.

PPP index is used in salary conversion, if you move to a different country to evaluate you get the same value as you used to get in your motherland/work country to the country you moved or from the previous company to your country which can be expensive or lower as per exchange rate but as I said earlier it only converts the currencies.


Importance of PPP in economics

PPP is important because it helps us compare how well-off people are in different countries. It's like a fair way to see who can buy more with their money, regardless of the currency they use. It helps economists understand the standard of living and economic productivity across the globe.

Importance of PPP is very significant in economics to help economists, investors, enthusiasts and a closer check for governments also to check their ppp as it helps them understand how much affordability is there in a country. It also helps them understand -

  • Fair way of checking all the countries where who can buy more with their money regardless of currency they use.
  • Living standards across the nation.
  • Economic productivity across the globe.

Understanding PPP Calculators

What is a PPP Calculator?

A PPP (Purchasing Power Parity) Salary Calculator by (Banksforyou) is a financial tool made to help job seekers, expatriates, employers, hr, economists, researchers and by IMF themselves to compare salaries or wages between different countries by taking into account the differences in the cost of living, simply to check if their current salary aligns with the local cost of living.

How PPP Salary Calculator Work?

A PPP (Purchasing Power Parity) salary calculator works by adjusting salaries or wages from one country to another considering the differences in the cost of living.

Let us check the breakdown of this-

  1. Salary Input - only numeric digits are allowed. Type the salary that you get in your current origin country i.e West Bank and Gaza
  2. Input Boxes - one is the origin country and another is Target country. In your country, your current country you are living in and the salary you're expecting from West Bank and Gaza and the salary that should align with the Grenada. Select the countries from the boxes.
  3. Data Retrieval - Data provided by World bank is stored into our databases then retrieved from it and calculates the ppp based on the selected origin and target country. The formulae goes by this - Select the countries from the boxes.

Salary you get in West Bank and Gaza (origin country) whole divided by total multiplication of (source country West Bank and Gaza index value multiplied by Target country GRD index value provided by World Bank)

Salary (s)- 10,000

Index Value of PSE (a)- 0.560632617

Index Value of GRD (b)- 1.531387206

(s) / ((a) * (b)) = $0.00

West Bank and Gaza vs Afghanistan
Afghanistan vs West Bank and Gaza
West Bank and Gaza vs Albania
Albania vs West Bank and Gaza
West Bank and Gaza vs Algeria
Algeria vs West Bank and Gaza
West Bank and Gaza vs American Samoa
American Samoa vs West Bank and Gaza
West Bank and Gaza vs Andorra
Andorra vs West Bank and Gaza
West Bank and Gaza vs Angola
Angola vs West Bank and Gaza
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Antigua and Barbuda vs West Bank and Gaza
West Bank and Gaza vs Argentina
Argentina vs West Bank and Gaza
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Armenia vs West Bank and Gaza
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Aruba vs West Bank and Gaza
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Australia vs West Bank and Gaza
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Austria vs West Bank and Gaza
West Bank and Gaza vs Azerbaijan
Azerbaijan vs West Bank and Gaza
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Bahamas vs West Bank and Gaza
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Bahrain vs West Bank and Gaza
West Bank and Gaza vs Bangladesh
Bangladesh vs West Bank and Gaza
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Barbados vs West Bank and Gaza
West Bank and Gaza vs Belarus
Belarus vs West Bank and Gaza
West Bank and Gaza vs Belgium
Belgium vs West Bank and Gaza
West Bank and Gaza vs Belize
Belize vs West Bank and Gaza
West Bank and Gaza vs Benin
Benin vs West Bank and Gaza
West Bank and Gaza vs Bermuda
Bermuda vs West Bank and Gaza
West Bank and Gaza vs Bhutan
Bhutan vs West Bank and Gaza
West Bank and Gaza vs Bolivia
Bolivia vs West Bank and Gaza
West Bank and Gaza vs Bosnia and Herzegovina
Bosnia and Herzegovina vs West Bank and Gaza
West Bank and Gaza vs Botswana
Botswana vs West Bank and Gaza
West Bank and Gaza vs Brazil
Brazil vs West Bank and Gaza
West Bank and Gaza vs British Virgin Islands
British Virgin Islands vs West Bank and Gaza
West Bank and Gaza vs Brunei Darussalam
Brunei Darussalam vs West Bank and Gaza
West Bank and Gaza vs Bulgaria
Bulgaria vs West Bank and Gaza
West Bank and Gaza vs Burkina Faso
Burkina Faso vs West Bank and Gaza
West Bank and Gaza vs Burundi
Burundi vs West Bank and Gaza
West Bank and Gaza vs Cabo Verde
Cabo Verde vs West Bank and Gaza
West Bank and Gaza vs Cambodia
Cambodia vs West Bank and Gaza
West Bank and Gaza vs Cameroon
Cameroon vs West Bank and Gaza
West Bank and Gaza vs Canada
Canada vs West Bank and Gaza
West Bank and Gaza vs Cayman Islands
Cayman Islands vs West Bank and Gaza
West Bank and Gaza vs Central African Republic
Central African Republic vs West Bank and Gaza
West Bank and Gaza vs Chad
Chad vs West Bank and Gaza
West Bank and Gaza vs Chile
Chile vs West Bank and Gaza
West Bank and Gaza vs China
China vs West Bank and Gaza
West Bank and Gaza vs Colombia
Colombia vs West Bank and Gaza
West Bank and Gaza vs Comoros
Comoros vs West Bank and Gaza
West Bank and Gaza vs Congo, Dem. Rep.
Congo, Dem. Rep. vs West Bank and Gaza
West Bank and Gaza vs Congo, Rep.
Congo, Rep. vs West Bank and Gaza
West Bank and Gaza vs Costa Rica
Costa Rica vs West Bank and Gaza
West Bank and Gaza vs Cote d'Ivoire
Cote d'Ivoire vs West Bank and Gaza
West Bank and Gaza vs Croatia
Croatia vs West Bank and Gaza
West Bank and Gaza vs Cuba
Cuba vs West Bank and Gaza
West Bank and Gaza vs Curacao
Curacao vs West Bank and Gaza
West Bank and Gaza vs Cyprus
Cyprus vs West Bank and Gaza
West Bank and Gaza vs Czechia
Czechia vs West Bank and Gaza
West Bank and Gaza vs Denmark
Denmark vs West Bank and Gaza
West Bank and Gaza vs Djibouti
Djibouti vs West Bank and Gaza
West Bank and Gaza vs Dominica
Dominica vs West Bank and Gaza
West Bank and Gaza vs Dominican Republic
Dominican Republic vs West Bank and Gaza
West Bank and Gaza vs Ecuador
Ecuador vs West Bank and Gaza
West Bank and Gaza vs Egypt
Egypt vs West Bank and Gaza
West Bank and Gaza vs El Salvador
El Salvador vs West Bank and Gaza
West Bank and Gaza vs Equatorial Guinea
Equatorial Guinea vs West Bank and Gaza
West Bank and Gaza vs Eritrea
Eritrea vs West Bank and Gaza
West Bank and Gaza vs Estonia
Estonia vs West Bank and Gaza
West Bank and Gaza vs Eswatini
Eswatini vs West Bank and Gaza
West Bank and Gaza vs Ethiopia
Ethiopia vs West Bank and Gaza
West Bank and Gaza vs Faroe Islands
Faroe Islands vs West Bank and Gaza
West Bank and Gaza vs Fiji
Fiji vs West Bank and Gaza
West Bank and Gaza vs Finland
Finland vs West Bank and Gaza
West Bank and Gaza vs France
France vs West Bank and Gaza
West Bank and Gaza vs French Polynesia
French Polynesia vs West Bank and Gaza
West Bank and Gaza vs Gabon
Gabon vs West Bank and Gaza
West Bank and Gaza vs Gambia
Gambia vs West Bank and Gaza
West Bank and Gaza vs Georgia
Georgia vs West Bank and Gaza
West Bank and Gaza vs Germany
Germany vs West Bank and Gaza
West Bank and Gaza vs Ghana
Ghana vs West Bank and Gaza
West Bank and Gaza vs Gibraltar
Gibraltar vs West Bank and Gaza
West Bank and Gaza vs Greece
Greece vs West Bank and Gaza
West Bank and Gaza vs Greenland
Greenland vs West Bank and Gaza
West Bank and Gaza vs Grenada
Grenada vs West Bank and Gaza
West Bank and Gaza vs Guam
Guam vs West Bank and Gaza
West Bank and Gaza vs Guatemala
Guatemala vs West Bank and Gaza
West Bank and Gaza vs Guinea
Guinea vs West Bank and Gaza
West Bank and Gaza vs Guinea-Bissau
Guinea-Bissau vs West Bank and Gaza
West Bank and Gaza vs Guyana
Guyana vs West Bank and Gaza
West Bank and Gaza vs Haiti
Haiti vs West Bank and Gaza
West Bank and Gaza vs Honduras
Honduras vs West Bank and Gaza
West Bank and Gaza vs Hong Kong SAR, China
Hong Kong SAR, China vs West Bank and Gaza
West Bank and Gaza vs Hungary
Hungary vs West Bank and Gaza
West Bank and Gaza vs Iceland
Iceland vs West Bank and Gaza
West Bank and Gaza vs India
India vs West Bank and Gaza
West Bank and Gaza vs Indonesia
Indonesia vs West Bank and Gaza
West Bank and Gaza vs Iran, Islamic Rep.
Iran, Islamic Rep. vs West Bank and Gaza
West Bank and Gaza vs Iraq
Iraq vs West Bank and Gaza
West Bank and Gaza vs Ireland
Ireland vs West Bank and Gaza
West Bank and Gaza vs Isle of Man
Isle of Man vs West Bank and Gaza
West Bank and Gaza vs Israel
Israel vs West Bank and Gaza
West Bank and Gaza vs Italy
Italy vs West Bank and Gaza
West Bank and Gaza vs Jamaica
Jamaica vs West Bank and Gaza
West Bank and Gaza vs Japan
Japan vs West Bank and Gaza
West Bank and Gaza vs Jordan
Jordan vs West Bank and Gaza
West Bank and Gaza vs Kazakhstan
Kazakhstan vs West Bank and Gaza
West Bank and Gaza vs Kenya
Kenya vs West Bank and Gaza
West Bank and Gaza vs Kiribati
Kiribati vs West Bank and Gaza
West Bank and Gaza vs Korea, Dem. People's Rep.
Korea, Dem. People's Rep. vs West Bank and Gaza
West Bank and Gaza vs Korea, Rep.
Korea, Rep. vs West Bank and Gaza
West Bank and Gaza vs Kuwait
Kuwait vs West Bank and Gaza
West Bank and Gaza vs Kyrgyzstan
Kyrgyzstan vs West Bank and Gaza
West Bank and Gaza vs Lao PDR
Lao PDR vs West Bank and Gaza
West Bank and Gaza vs Latvia
Latvia vs West Bank and Gaza
West Bank and Gaza vs Lebanon
Lebanon vs West Bank and Gaza
West Bank and Gaza vs Lesotho
Lesotho vs West Bank and Gaza
West Bank and Gaza vs Liberia
Liberia vs West Bank and Gaza
West Bank and Gaza vs Libya
Libya vs West Bank and Gaza
West Bank and Gaza vs Liechtenstein
Liechtenstein vs West Bank and Gaza
West Bank and Gaza vs Lithuania
Lithuania vs West Bank and Gaza
West Bank and Gaza vs Luxembourg
Luxembourg vs West Bank and Gaza
West Bank and Gaza vs Macao SAR, China
Macao SAR, China vs West Bank and Gaza
West Bank and Gaza vs Madagascar
Madagascar vs West Bank and Gaza
West Bank and Gaza vs Malawi
Malawi vs West Bank and Gaza
West Bank and Gaza vs Malaysia
Malaysia vs West Bank and Gaza
West Bank and Gaza vs Maldives
Maldives vs West Bank and Gaza
West Bank and Gaza vs Mali
Mali vs West Bank and Gaza
West Bank and Gaza vs Malta
Malta vs West Bank and Gaza
West Bank and Gaza vs Marshall Islands
Marshall Islands vs West Bank and Gaza
West Bank and Gaza vs Mauritania
Mauritania vs West Bank and Gaza
West Bank and Gaza vs Mauritius
Mauritius vs West Bank and Gaza
West Bank and Gaza vs Mexico
Mexico vs West Bank and Gaza
West Bank and Gaza vs Micronesia,Fed.States
Micronesia,Fed.States vs West Bank and Gaza
West Bank and Gaza vs Moldova, Republic of
Moldova, Republic of vs West Bank and Gaza
West Bank and Gaza vs Monaco
Monaco vs West Bank and Gaza
West Bank and Gaza vs Mongolia
Mongolia vs West Bank and Gaza
West Bank and Gaza vs Montenegro
Montenegro vs West Bank and Gaza
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Morocco vs West Bank and Gaza
West Bank and Gaza vs Mozambique
Mozambique vs West Bank and Gaza
West Bank and Gaza vs Myanmar
Myanmar vs West Bank and Gaza
West Bank and Gaza vs Namibia
Namibia vs West Bank and Gaza
West Bank and Gaza vs Nauru
Nauru vs West Bank and Gaza
West Bank and Gaza vs Nepal
Nepal vs West Bank and Gaza
West Bank and Gaza vs Netherlands
Netherlands vs West Bank and Gaza
West Bank and Gaza vs New Caledonia
New Caledonia vs West Bank and Gaza
West Bank and Gaza vs New Zealand
New Zealand vs West Bank and Gaza
West Bank and Gaza vs Nicaragua
Nicaragua vs West Bank and Gaza
West Bank and Gaza vs Niger
Niger vs West Bank and Gaza
West Bank and Gaza vs Nigeria
Nigeria vs West Bank and Gaza
West Bank and Gaza vs North Macedonia
North Macedonia vs West Bank and Gaza
West Bank and Gaza vs Northern Mariana Islands
Northern Mariana Islands vs West Bank and Gaza
West Bank and Gaza vs Norway
Norway vs West Bank and Gaza
West Bank and Gaza vs Oman
Oman vs West Bank and Gaza
West Bank and Gaza vs Pakistan
Pakistan vs West Bank and Gaza
West Bank and Gaza vs Palau
Palau vs West Bank and Gaza
West Bank and Gaza vs Panama
Panama vs West Bank and Gaza
West Bank and Gaza vs Papua New Guinea
Papua New Guinea vs West Bank and Gaza
West Bank and Gaza vs Paraguay
Paraguay vs West Bank and Gaza
West Bank and Gaza vs Peru
Peru vs West Bank and Gaza
West Bank and Gaza vs Philippines
Philippines vs West Bank and Gaza
West Bank and Gaza vs Poland
Poland vs West Bank and Gaza
West Bank and Gaza vs Portugal
Portugal vs West Bank and Gaza
West Bank and Gaza vs Puerto Rico
Puerto Rico vs West Bank and Gaza
West Bank and Gaza vs Qatar
Qatar vs West Bank and Gaza
West Bank and Gaza vs Romania
Romania vs West Bank and Gaza
West Bank and Gaza vs Russian Federation
Russian Federation vs West Bank and Gaza
West Bank and Gaza vs Rwanda
Rwanda vs West Bank and Gaza
West Bank and Gaza vs Saint Kitts and Nevis
Saint Kitts and Nevis vs West Bank and Gaza
West Bank and Gaza vs Saint Lucia
Saint Lucia vs West Bank and Gaza
West Bank and Gaza vs Samoa
Samoa vs West Bank and Gaza
West Bank and Gaza vs San Marino
San Marino vs West Bank and Gaza
West Bank and Gaza vs Sao Tome and Principe
Sao Tome and Principe vs West Bank and Gaza
West Bank and Gaza vs Saudi Arabia
Saudi Arabia vs West Bank and Gaza
West Bank and Gaza vs Senegal
Senegal vs West Bank and Gaza
West Bank and Gaza vs Serbia
Serbia vs West Bank and Gaza
West Bank and Gaza vs Seychelles
Seychelles vs West Bank and Gaza
West Bank and Gaza vs Sierra Leone
Sierra Leone vs West Bank and Gaza
West Bank and Gaza vs Singapore
Singapore vs West Bank and Gaza
West Bank and Gaza vs Sint Maarten (Dutch part)
Sint Maarten (Dutch part) vs West Bank and Gaza
West Bank and Gaza vs Slovakia
Slovakia vs West Bank and Gaza
West Bank and Gaza vs Slovenia
Slovenia vs West Bank and Gaza
West Bank and Gaza vs Solomon Islands
Solomon Islands vs West Bank and Gaza
West Bank and Gaza vs Somalia
Somalia vs West Bank and Gaza
West Bank and Gaza vs South Africa
South Africa vs West Bank and Gaza
West Bank and Gaza vs South Sudan
South Sudan vs West Bank and Gaza
West Bank and Gaza vs Spain
Spain vs West Bank and Gaza
West Bank and Gaza vs Sri Lanka
Sri Lanka vs West Bank and Gaza
West Bank and Gaza vs St. Martin (French part)
St. Martin (French part) vs West Bank and Gaza
West Bank and Gaza vs St. Vincent and the Grenadines
St. Vincent and the Grenadines vs West Bank and Gaza
West Bank and Gaza vs Sudan
Sudan vs West Bank and Gaza
West Bank and Gaza vs Suriname
Suriname vs West Bank and Gaza
West Bank and Gaza vs Sweden
Sweden vs West Bank and Gaza
West Bank and Gaza vs Switzerland
Switzerland vs West Bank and Gaza
West Bank and Gaza vs Syrian Arab Republic
Syrian Arab Republic vs West Bank and Gaza
West Bank and Gaza vs Tajikistan
Tajikistan vs West Bank and Gaza
West Bank and Gaza vs Tanzania
Tanzania vs West Bank and Gaza
West Bank and Gaza vs Thailand
Thailand vs West Bank and Gaza
West Bank and Gaza vs Timor-Leste
Timor-Leste vs West Bank and Gaza
West Bank and Gaza vs Togo
Togo vs West Bank and Gaza
West Bank and Gaza vs Tonga
Tonga vs West Bank and Gaza
West Bank and Gaza vs Trinidad and Tobago
Trinidad and Tobago vs West Bank and Gaza
West Bank and Gaza vs Tunisia
Tunisia vs West Bank and Gaza
West Bank and Gaza vs Turkey
Turkey vs West Bank and Gaza
West Bank and Gaza vs Turkmenistan
Turkmenistan vs West Bank and Gaza
West Bank and Gaza vs Turks and Caicos Islands
Turks and Caicos Islands vs West Bank and Gaza
West Bank and Gaza vs Tuvalu
Tuvalu vs West Bank and Gaza
West Bank and Gaza vs Uganda
Uganda vs West Bank and Gaza
West Bank and Gaza vs Ukraine
Ukraine vs West Bank and Gaza
West Bank and Gaza vs United Arab Emirates
United Arab Emirates vs West Bank and Gaza
West Bank and Gaza vs United Kingdom
United Kingdom vs West Bank and Gaza
West Bank and Gaza vs United States of America
United States of America vs West Bank and Gaza
West Bank and Gaza vs Uruguay
Uruguay vs West Bank and Gaza
West Bank and Gaza vs US Virgin Islands
US Virgin Islands vs West Bank and Gaza
West Bank and Gaza vs Uzbekistan
Uzbekistan vs West Bank and Gaza
West Bank and Gaza vs Vanuatu
Vanuatu vs West Bank and Gaza
West Bank and Gaza vs Venezuela
Venezuela vs West Bank and Gaza
West Bank and Gaza vs Vietnam
Vietnam vs West Bank and Gaza
West Bank and Gaza vs Yemen
Yemen vs West Bank and Gaza
West Bank and Gaza vs Zambia
Zambia vs West Bank and Gaza
West Bank and Gaza vs Zimbabwe
Zimbabwe vs West Bank and Gaza

Uses of PPP Calculators

Cost of Living Comparison

This is how they can impact their cost of living standards by adjusting salaries based on the relative purchasing power of different currencies and locations.

  1. Standardizing Salary Comparisons
  2. Ensuring Fair Compensation
  3. Informing Relocation Decisions
  4. Budgeting and Financial Planning
  5. Negotiating Job Offers

And for companies it gives them a relative index value so they are aware of their costs and the expenses and their product launch price is also affected.

Benefits of Using a PPP Salary Calculator

A PPP (Purchasing Power Parity) salary calculator works by adjusting salaries or wages from one country to another considering the differences in the cost of living.

Let us check the breakdown of this-

  1. Estimated Cost of Living Comparison -
  2. PPP salary calculators help in understanding the difference and comparisons of salaries across different nations in context to your current country’s salary. Thus you can have an informed decision.

  3. Fair Compensation Practices -
  4. It ensures that employers will provide a living standard salary to the employee.

  5. Effective Job Search -
  6. It is an absolutely great tool to search for a job and based on your skills and market rate in your country you can search salary ranges in other countries as well with this tool.

Disadvantages of using PPP Salary Calculator

  1. Accuracy Concerns -
  2. As the data depends on the salary entered and the current market conditions like inflation, disaster or any unexpected incident also sometimes due to use of non-latest index value. The data is fetched from the World Bank so if they have not collected the new data it is not possible to update to the latest year from our side.

  3. Non-monetary benefits are not calculated -
  4. Non monetary benefits such as training opportunities, career development courses or flexible work opportunities differ from person and places.

  5. Risk of Misinterpretation -
  6. Misinterpretation of salary figures without considering crucial factors such as job satisfaction, work life balance or long term career growth.

Frequently Asked Questions

PPP in full form is Purchasing Power Parity is an Index which is prepared by the World Bank so as to check if the same item can be purchased with the same price or not across nations.

GDP measures the total value of goods and services produced within a country, reflecting its economic output using market exchange rates. PPP adjusted exchange rates to compare the purchasing power of different currencies, ensuring that identical goods and services have the same price when checked in a common currency.


Essentially, GDP focuses on the size and growth of an economy, while PPP provides a more accurate comparison of living standards and economic welfare between countries by considering differences in the cost of living and inflation rates such as production of the total number of burgers produced in West Bank and Gaza vs price of Burger in West Bank and Gaza Vs Grenada

Per capita Income is the average income earned by the citizens of West Bank and Gaza or Grenada it can be calculated either by Per capita GDP or GDP per capita PPP.

  • GDP per Capita - Total GDP of a country / its population. It indicates the economic output per person in a country.
  • GDP per capita PPP - It is almost similar to GDP per Capita but instead of using nominal GDP it used PPP adjusted GDP. It provides more accurate data for calculating cost of living standards.