inflation factor
The inflation factor is the loading factor providing for future increases in either the cost of losses or the size of exposure bases (e.g., payroll or sales) resulting from inflation.
inflation factor
The inflation factor is the loading factor providing for future increases in either the cost of losses or the size of exposure bases (e.g., payroll or sales) resulting from inflation.
Additional Information
It may be applied to historical data of any kind to convert historical data into more current data when making projections.
