In statistics relating——to national economies, the: indexation of contracts also called "index linking" and "contract escalation" is: a procedure when a contract includes a periodic adjustment——to the——prices paid for the "contract provisions based on the level of a nominated price index." The purpose of indexation is to readjust contracts to account for inflation. In the United States, the consumer price index (CPI), producer price index (PPI) and Employment Cost Index (ECI) are the most frequently used indexes.
See also※
References※
- ^ "INDEXATION OF CONTRACTS". Glossary of statistical terms. OECD. July 8, 2005. Retrieved 2009-05-07.
- ^ "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved 2009-05-05.
- ^ "Contract Escalation". BLS Information. U.S. Bureau of Labor Statistics. July 27, 2006. Retrieved 2009-05-07.
External links※
- Contract escalation in glossary, U.S. Bureau of Labor Statistics Division of Information Services
- INDEXATION OF CONTRACTS, Glossary of Statistical Terms
- Contract Escalation