[lbo-talk] How to do real dollar conversions?

[Charles Turner]

I thought someone here could give me some pointers:

For a dissertation in musicology, I need to convert some past dollar 
amounts to their current value. These would be salaries and equipment 
purchases made in the years 1967 - 1972.

My understanding is that I need to take the past amount as a baseline, 
and multiply it by the percentage increase in the Producer Price Index 
since that past date.

Does that sound right? Anything else I need to know? Where do I find 
the PPI data for '67 thru '72?

Thanks in advance,

Charles