What is material inflation class in SAP MM-IV - Invoice Verification?

SAP Term: material inflation class

• Component: MM-IV

• Component Name: Invoice Verification

• Description: A system object that groups materials according inflation criteria. Inflation criteria include: Revaluation method Inflation index Time base and exposure to inflation variant Price tolerance You assign a material inflation class to materials for which replacement cost valuation is performed.

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• Key Concepts: 
  Material inflation class is a feature of SAP's Materials Management (MM) Invoice Verification (IV) component. It is used to adjust the price of a material based on inflation or deflation. The material inflation class is assigned to a material master record and is used to calculate the price of the material when it is invoiced. 
  
  How to use it: 
  The material inflation class is assigned to a material master record in the MM-IV component. The material inflation class can be used to adjust the price of a material based on inflation or deflation. The material inflation class can be used to calculate the price of the material when it is invoiced. 
  
  Tips & Tricks: 
  When assigning a material inflation class, it is important to ensure that the correct class is selected for the material. This will ensure that the correct price adjustment is applied when invoicing the material. 
  
  Related Information: 
  For more information on how to assign a material inflation class, please refer to SAP's help documentation on Materials Management Invoice Verification.