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COLA an adjustment in wages or payments, or an automatic schedule of such adjustments, based on changes in the cost of living (acronym for "cost of living adjustment").
cost-of-living determined by, or adjusted to, changes in the cost of living.
escalator clause a clause in a contract that provides for adjustment in prices, wages, and the like, based on changes in production costs, the cost of living, or the like.
index to make adjustments to (prices or wages) according to changes in economic indicators such as cost of living. [1/10 definitions]
market basket a selection of goods and services, esp. food, considered to represent a typical family's needs over a period of time, and used to calculate changes in the cost of living.
sliding scale a scale or standard of costs, wages, fees, or the like that varies according to other factors such as cost of living, level of income, or prices.