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VOL. VOL NO. ISSUEINFLATION AND PRICE ADJUSTMENTSIOnline Appendix inflation and price adjustments: micro evidence from Norwegian consumer prices 19752004 by Fredric Wolfsburg, Oslo Business School November
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Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Price adjustments refer to the changes made to prices to account for inflation.
Businesses and individuals who are affected by inflation and need to adjust their prices accordingly are required to file inflation and price adjustments.
To fill out inflation and price adjustments, you need to calculate the percentage change in prices due to inflation and adjust your prices accordingly.
The purpose of inflation and price adjustments is to ensure that businesses and individuals are able to maintain their purchasing power in the face of rising prices.
The information that must be reported on inflation and price adjustments includes the original price, the adjusted price, and the percentage change in price due to inflation.
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