Inflation Definitions
Inflation is the continuous increase in the general level of prices of goods and services. It covers the price changes that occur not only in one or a few goods and services, but in all goods and services used by an average consumer during the year. Inflation rates are added on a month and year basis with the Workcube Inflation definition screen.
Path: ERP > Finance Accounting > Accounting Definitions > Inflation Definitions
Attention: Inflation is not a one-time increase in the prices in question, this increase does not show a continuous increase.
Listing and Recording Screen

Inflation rates defined in the list are listed and a new definition screen opens with the plus icon. The update screen opens with the pencil icon.
Month-by-year selections are made for inflation definition. And the inflation rate calculated for that period is entered.
Note:In order for the increase in prices to be defined as inflation, it must be continuous, not just for a certain period. Inflation causes people to buy fewer goods and services with the money they have than in the past.