constant price; real price; price adjusted for inflation
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Meanings
1 sense · 3 examplesnoun
constant price; real price; price adjusted for inflation
formalAn economic term used for longitudinal analysis of economic data. It is a price from a selected base year, used to eliminate the effects of inflation or deflation when comparing output, income, or other economic indicators over different time periods. Also known as 'constant price' or 'real price'. Contrast with 'current price' or 'nominal price'.
Zhè这
fèn份
bào报
gào告
shǐ使
yòng用
bǐ比
jiào较
jià价
gé格
lái来
héng衡
liáng量
GDPG
deD
shíP
jì的
zēng实
zhǎng际
增
长
。
This report uses constant prices to measure the real growth of GDP.
Wèi为
zhǔn准
què确
píng评
gū估
jīng经
jì济
fā发
zhǎn展
，
tǒng统
jì计
bù部
mén门
cháng常
huì会
fā发
bù布
bǐ比
jiào较
jià价
gé格
shù数
jù据
。
To accurately assess economic development, the statistics department often publishes data in constant prices.
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Ruò若
àn按
bǐ比
jiào较
jià价
gé格
jì计
suàn算
，
shí十
nián年
jiān间
gāi该
háng行
yè业
de的
chǎn产
zhí值
zēng增
jiā加
le了
50%5
0
%
。
If calculated in real prices, the industry's output value increased by 50% over ten years.