This paper looks at methods to adjust cost data to account for inflation and discusses the difference between real or constant and nominal or current values. These methods are also used to make inflationary adjustments to other types of economic data such as income.
Health Policy and Planning (2000) 15 (2) 230-234 [doi:10.1093/heapol/15.2.230]
The real and the nominal: Making inflationary adjustments to cost and other economic data
Published 4 December 2006