Inflation Adjustment
Catalog row in Vendor License Programs · Cited
- Kind
- Price escalator
- Term
- Each anniversary of a Quote
- Definition
- Services Addendum section 2(g): on each anniversary of a Quote, fees increase by the greater of 3% and the percentage increase in the Inflation Adjustment Metric.
- Commercial rules
- The Inflation Adjustment Metric is a regional consumer price index over the prior twelve months, chosen by the Customer’s location.
- Applies to
- Fees for Services under a Quote