normalization
n. C1 Advanced US //ˌnɔɹməɫɪˈzeɪʃən// nor·mal·iza·tion
n. the process of making something return to a normal or standard state. In economics, it means making prices or values easier to compare by adjusting for inflation.
n. the process of returning to a normal or standard state; in economics, the adjustment of values to account for inflation to allow for meaningful comparison over time.
The normalization of prices helps us see real changes in the market.
After the war, the normalization of trade between the two countries took several years to complete.
Economists use the normalization of GDP figures to track actual economic growth rather than the misleading increases caused by rising prices over the same period.
From normal + -ization or normalize + -ation.