It does actually account for inflation, at least for US users:
> Adjust these dollar figures for inflation according to the United States Bureau of Labor Statistics’ consumer price index for all urban consumers, United States city average, for all items, not seasonally adjusted, with 1982–1984=100 reference base.
If you're in a country with hyperinflation, sucks to be you. And that still doesn't account for the massive COL differences between, say, Mississippi and Hawaii (which is about 2.2x, according to https://usabynumbers.com/states-ranked-by-cost-of-living/).
The amounts are in US dollars, so any local hyperinflation won't matter. Your local currency will be worth far fewer dollars.
I didn't see if it says how to convert, as there are often multiple exchange rates, e.g., an official one that can't actually be used, a underground/black market one, and purchasing-power parity (PPP). I don't think use outside the rich, developed nations has really been considered.
> Adjust these dollar figures for inflation according to the United States Bureau of Labor Statistics’ consumer price index for all urban consumers, United States city average, for all items, not seasonally adjusted, with 1982–1984=100 reference base.
If you're in a country with hyperinflation, sucks to be you. And that still doesn't account for the massive COL differences between, say, Mississippi and Hawaii (which is about 2.2x, according to https://usabynumbers.com/states-ranked-by-cost-of-living/).