Русско-англо-русский юридический словарь

"For most members, the outlook for inflation in the medium term justified maintaining the current stance of monetary policy," the minutes stated. (BBC News)

business climate – general economic environment comprising of the attitude of the government and lending institutions toward businesses and business activity, attitude of labor unions toward employers, current taxation regimen, inflation rate, and such. (BusinessDictionary)

Inflation is the rate of change in the level of prices for goods and services, which affects the purchasing power of money. (BBC News)

“In real terms” means the change in a financial number after correcting for the effect of inflation. For example, if a company's revenues have increased 4% over the previous year, but prices were (on average) 2% higher than in the previous year, then its revenues have only increased 2% in real terms. (moneyterms.co.uk)