Real price
The Green Book, Central Government Guidance On Appraisal And Evaluation, Published by HM Treasury in 2020, states that: ‘Real price is the nominal price (i.e. current cash price at the time) deflated by a measure of general inflation.’
The 2018 Green Book suggested that the real price is: ‘…the nominal price (i.e. current cash price at the time) deflated by a measure of inflation.’
See also: Real terms.
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