This is consistent with the cost-push inflation factors in neo-Keynesian theory (above).
Insurance should be adjusted to reflect replacement cost, usually upon application of an inflation factor or a cost index.
For instance, two options address the effects of applying different inflation factors to the benefit formulas for certain programs.
"While oil prices are indeed higher," he said, "we see it more as a tax than an inflation factor."
Indeed, with the inflation factor removed, newsprint is trading at levels equivalent to those before 1970.
When California Proposition 13 passed in 1978, it restricted the ability of local governments to raise property taxes by more than an inflation factor.
It also limited the increase in assessed value of real property to an inflation factor that was limited to 2% per year.
Applying the inflation factor - 35/374 - our tickets cost a hair less than one cent a mile in 1950 dollars.
The biggest inflation factor, economists agree, is what happens to wages.
The computer model used by Dreyfus includes many variables, including an inflation factor.