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What is Cost Escalation?

 , updated on May 08, 2017
Cost escalation is an increase or decrease in the cost of an product, service or commodity over time. It is similar to the concept of inflation except that cost escalation is specific to a particular type of cost as opposed to the economy as a whole.

Example

The cost of steel increases 25% over the duration of a bridge construction project resulting in budget overrun.
Overview: Cost Escalation
Type
Definition
An increase or decrease in the cost of a product, service or commodity over time.
Related Concepts

Financial Management

This is the complete list of articles we have written about financial management.
Baseline
Budget
Budget Control
Budget Risk
Business Costs
Capex
Budget Planning
Conflict Of Interest
Cost Contingency
Cost Control
Cost Escalation
Capital Budgeting
Cost Management
Compliance
Cost Overrun
Business Ethics
Contingency Budget
Financial Controls
Contract Risk
Financial Risk
Matching Principle
Operating Expenses
Opex
Refinancing Risk
Risk Management
Governance
Management Controls
Reputational Risk
More ...
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Business Costs

A list of common types of business cost.

Matching Principle

A principle of financial accounting.

Business Costs

A list of common types of business cost.

Cost Reduction Examples

Common examples of cost reduction.

Cost Estimates

The common types of cost estimate.

Relevant Cost

A definition of relevant cost with examples.

Cost Structure

Detailed examples of how to map out the cost structure of a business.

Cost Competition

The definition of cost competition with examples.

Cost Goals

An overview of cost goals with examples.

Financial Management

An overview of financial management with examples.

Financial Controls

A definition of financial controls with a few examples.

Cost Management

A definition of cost management with examples.

Management Controls

The common types of management control.

Capital Expenditures

The definition of capital expenditure with examples.

Examples of Current Assets

A list of the common types of current asset.

Financial Freedom

An overview the common types of financial freedom.
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