1
: an increase (as in the price of an article or in a ship's tonnage) that counteracts an unjust discrepancy (as between the price of a product and the cost of material or between the tonnage of one nation's ships and that of another when both are regulated by the same treaty)
specifically
: the adjustment of prices proportionally and usually periodically and automatically to an alteration (such as a rise) in the cost of materials or a similar adjustment of wages to an alteration in the cost of living
2
: an increasing in extent, volume, number, amount, or scope
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Merriam-Webster unabridged
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