A major goal of tort law is to somehow make an injured party “whole”; that is, to put the injured party in the same position he was in before he suffered the injury. Primarily, this attempt to make an injured party whole comes in the form of financial compensation. The amount of compensation that will make a particular party whole depends on many factors: one such factor is the impact of inflation.
This article will examine the impact inflation has on future damage awards. It should be noted that this article is somewhat technical in its approach. However, the authors believe that a basic understanding of the fundamental principles of the role of inflation will aid the practitioner in his or her efforts to persuade a judge or jury to properly consider the impact of inflation when awarding damages to the injured client. As will be seen, a proper consideration of inflation should result in higher damage awards.
Slesnick, Frank L. and Dolin, Richard A.
"The Impact of Inflation upon Compensation Awards,"
University of Dayton Law Review: Vol. 8:
2, Article 4.
Available at: https://ecommons.udayton.edu/udlr/vol8/iss2/4