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This was true only in nominal terms.
And so it did, in nominal terms.
The dopiest way is to use nominal terms.
Unlike share prices, house prices rarely plunge in nominal terms.
Well, revenue continues to grow in nominal terms.
Nevertheless dividends rose tenfold in nominal terms over that period.
"Last year downloads declined by 16% in nominal terms," he says.
"Since the 2013 Pefo, even in nominal terms, we have kept expenditure under control," he said.
But that's in "nominal" terms, without adjusting for the effects of inflation or its opposite, deflation.
The defense budget will remain the same, in nominal terms, for the next three years.
Figures elsewhere in the document show that it is indeed a 30% rise in nominal terms.
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