Adjusted for inflation.
real change means that there has been a change after adjusting for inflation. For example, if there has been a 1% growth in real median household income, it means that after taking inflation into account, median household income has increased by 1%.
A term used to describe a cash flow after adjusting for the effect of inflation. A real growth rate describes the quantum of growth or decline for cash flows recorded in present dollar terms.
A price, interest rate or statistic that has been adjusted to eliminate the effect of inflation.
Real interest rates, real GDP growth Inflation not included.
Adjusted to remove the effects of inflation. Real (constant-dollar) output represents volume, rather than dollar value, of goods and services. Real income represents power to purchase real output. Real data are usually constructed by dividing the corresponding nominal data, such as output or a wage rate, by a price index or deflator. Real interest rate is a nominal interest rate minus the expected inflation rate. Compare with nominal.