Writing of the Declaration of Independence

Adjust for Inflation

 

The phrase “adjust for inflation” refers to increasing (adjusting) the cost/payment due to the increase in price (inflation) along with a decrease in the value of money.

 

Example:

 

The cost of construction materials had increased dramatically over the past year.  That means that the construction company will need to adjust its prices for inflation or the company will lose money.

See Formula:  

 

https://towardsdatascience.com/the-what-and-why-of-inflation-adjustment-5eedb496e080