Economic Inflation
/ˌiːkəˈnɒmɪk ɪnˈfleɪʃən/
Definitions
- (n.) A sustained increase in the general price level of goods and services in an economy, often considered in legal contexts involving contracts, taxation, and regulatory measures to address impacts on purchasing power.
The contract included a clause to adjust payments according to economic inflation rates.
Forms
- economic inflation
Related terms
See also
Commentary
Economic inflation is often referenced in legal agreements to justify adjustment clauses; clear definition in contracts helps prevent disputes over payment changes due to inflation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.