MCIR benefits health care organizations, schools, licensed childcare programs, pharmacies and Michiganâs citizens by consolidating immunization information from multiple providers into a comprehensive immunization record.
A constant dollar is an adjusted value of currency used to compare dollar values from one period to another. Due to inflation, the purchasing power of the dollar changes over time, so in order to compare dollar values from one year to another, they need to be converted from nominal (current) dollar values to constant dollar values. Constant dollar value may also be referred to as real dollar value.
To calculate the constant dollars of an amount of current dollars compared to a previous year, the CPI of the previous year is divided by the current CPI. That number is then multiplied by the current dollar total.