constant dollars

Cultural  

1. A convention of statistics that measures industrial output and the like over time while controlling for changes owing to inflation. Using constant dollars usually gives a clearer view of how an enterprise is performing over time.

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Example Sentences

Strip out inflation, which Vanguard expects will average between 1.6% and 2.6% a year, and you are looking at very low “real” returns, meaning returns measured in constant dollars.

From MarketWatch

“Despite defense spending levels that, in constant dollars, are higher than the peak of the Reagan build-up, America’s defense capabilities can now be characterized as an ‘ever-shrinking fighting force,’” he said Thursday during a talk at the American Enterprise Institute on his new book, “The Ever-Shrinking Fighting Force.”

From Washington Times

During Mr. Trump’s tenure, the military budget has increased about 15 percent, reaching $705 billion in the most recent fiscal year, one of the highest levels in constant dollars since World War II.

From New York Times

Since the 1970s, wages in constant dollars have either declined or remained flat, even as the concentration of individual and corporate wealth accelerated dramatically.

From Salon

His January budget proposal earmarked $9.2 billion for the Department of Developmental Services in 2020-21, nearly double the state’s spending a decade ago of about $5.5 billion in constant dollars.

From Los Angeles Times