Dictionary of Procurement Terms

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Search Results: 1-4 of 4 results for “Inflation”

  • Hyperinflation

    Inflation rate in excess of 200 percent and lasting for at least one year. (Schiller, 2000)

  • Inflation

    An increase in the average level of prices of goods and services, usually measured incrementally over a given time period. (Schiller, 2000)

    See Also: Deflation

  • Inflation Index

    CANADIAN A statistical table which reflects trends of inflation or deflation for classes of materiel items; can be used to forecast replacement costs.

  • Inflation Rate

    The annual percentage rate of increase in the average price level. (Schiller, 2000)