Accounting for Defense Cost Inflation

How Much Will Defense Spending Shrink in Britain?, Heritage Foundation Foundry, October 28, 2010. "Defense cost inflation is not easy to measure, let alone calculate in advance. But the fact is that the British government admits its existence, but does not appear to include it in its calculation of the declining purchasing power of the money it plans to spend on defense through 2014–15. That means that, by that date, Britain will be buying even less defense than it says it plans to. That is not a good thing for Britain, for the U.S., for NATO, or even for the cause of accurate accounting on defense spending."