Deflation
Inflation is the weakening of the purchasing power of money and the resulting rise in nominal prices.
It is important to take inflation into account when examining long time series denominated in euros.
Through deflation, the euro-denominated financial figures from different years in the Key figures report are made comparable with each other.
In the service, key figures can be deflated to the price level of a selected year, making the euro-denominated results of different years comparable with each other.
The consumer price index is used for deflation.
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