The military budget has been cut by about a third in real terms over the last decade.

Gold is still some distance from its record high in real terms.

S4C's budget is to be cut by 24.4% in real terms over the next four years to £83m.

What would be the result of this, in real terms?

Government spending on training has increased 2 times in real terms since 1979, to £2,800 million.

Something like a 25-40% cut in real terms seems about right.

Growth has increased by over 30 percent in real terms.

Government funding for the police has been cut by 20% in real terms.

In real terms that represented a pay cut for everyone.

It is hard to imagine what will happen in real terms.