*Please note that I may or may not have done some calculations wrong so please feel free to correct me on mistakes that you see!
I help to host and admin the RISEN server and was creating a page dealing with economy and industry within the server. I had to idea to produce an inflation rate index on a week by week basis to show how the game economy would change over time. There are many factors that could change this based on the fact that new users are continually joining the server and, from what I can tell, shops will eventually reach a cap for what they sell an item for (please correct me if I'm wrong on this, because I'd be happy if I was!)
To get started I created my own CPI, or Consumer Price Index based off a collection of items that are sold at shops. From what I understand this is a total of products/services that consumers buy and is tracked on a yearly basis. Of course this doesn't include ALL products but certain main ones. I chose to not include items/blocks in the categories factory, minerals, natural, and manufacturing just for the sake of making this a little easier on me. I added up the base prices of what one item would cost from each block. (Bobby AI blocks are 699 for some reason)
84,399 CPI (in credits) - Base price of 1 of every block included in my CPI. This is the initial starting point for the server 1 week ago.
189,820 CPI (in credits) - These same blocks then measured by server prices as of today.
[189,820 (Final CPI) - 84,399 (Initial CPI)] / 84,399 (Initial CPI) x 100 = Inflation Rate
This gives a 124.9% Inflation Rate for this week alone. Although that is ridiculously high for one week I don't think it would be changing much from there over the following months or years, possibly making it more useful to ignore the first week entirely till inflation stabelizes (or stores reach an ultimate max or min price).
Now I'm sure there are some errors in that and it would be nowhere near perfect but just a cool thing I thought I'd share with the community and hope that other server owners may like to check this out as well! Sorry if I made some errors on this!
I help to host and admin the RISEN server and was creating a page dealing with economy and industry within the server. I had to idea to produce an inflation rate index on a week by week basis to show how the game economy would change over time. There are many factors that could change this based on the fact that new users are continually joining the server and, from what I can tell, shops will eventually reach a cap for what they sell an item for (please correct me if I'm wrong on this, because I'd be happy if I was!)
To get started I created my own CPI, or Consumer Price Index based off a collection of items that are sold at shops. From what I understand this is a total of products/services that consumers buy and is tracked on a yearly basis. Of course this doesn't include ALL products but certain main ones. I chose to not include items/blocks in the categories factory, minerals, natural, and manufacturing just for the sake of making this a little easier on me. I added up the base prices of what one item would cost from each block. (Bobby AI blocks are 699 for some reason)
84,399 CPI (in credits) - Base price of 1 of every block included in my CPI. This is the initial starting point for the server 1 week ago.
189,820 CPI (in credits) - These same blocks then measured by server prices as of today.
[189,820 (Final CPI) - 84,399 (Initial CPI)] / 84,399 (Initial CPI) x 100 = Inflation Rate
This gives a 124.9% Inflation Rate for this week alone. Although that is ridiculously high for one week I don't think it would be changing much from there over the following months or years, possibly making it more useful to ignore the first week entirely till inflation stabelizes (or stores reach an ultimate max or min price).
Now I'm sure there are some errors in that and it would be nowhere near perfect but just a cool thing I thought I'd share with the community and hope that other server owners may like to check this out as well! Sorry if I made some errors on this!