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What is Understanding Inflation and CPI about?

Inflation is defined as a rise in the general level of prices of goods and services in an economy over a period of time. It is typically measured as an annual percentage increase by comparing the average price today with the average price a year earlier. The Consumer Price Index (CPI) is the most well-known indicator used to measure inflation by tracking the prices of a basket of goods and services purchased by households. Inflation can be caused by multiple factors including demand-pull inflation when dema

Author

jhazminlhias

Language

EN