Inflation adjustment is the process of adjusting economic indicators and the prices of goods and services from different time periods to the same price level. An economic indicator (or business indicator) is a Statistic about the economy. In Economics, economic output is divided into physical goods and intangible services. A price level is a hypothetical measure of overall prices for some set of goods and services in a given region during a given interval normalized relative to some To adjust for inflation, an indicator is divided by the inflation index. In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time A number of different formulas at least hundreds have been proposed as means of calculating Price indexes While price index formulas all use price and quantity data they amalgamate
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