rhizoverbBeta
DictionarynominalWithout inflation adjustment
adjective

nominal

Expressed in money terms without adjustment for inflation.

Her nominal salary rises, but inflation erases the extra buying power.

Etymology
nominLatinname
+alEnglishrelating to

The name-based sense becomes the stated or labeled amount. A nominal money value is the amount as expressed, before adjustments for changes in purchasing power.

More examples

  • The account pays a nominal interest rate of four percent.
  • Nominal GDP can rise even when the economy produces no more goods.
  • The chart shows nominal home prices, so it does not account for inflation.

Forms

nominal

nominally adverb — Without adjusting monetary values for inflation.

Similar words

unadjusted
Unadjusted may omit corrections besides those made for inflation.