Types of Inflation Indices - Macroeconomics (ECON-202)
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Added on 2022-07-04
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The loss in purchasing power of a currency over time is called inflation. A quantitative estimate of the rate at which purchasing power declines can be calculated by examining the increase in average prices of selected goods and services in an economy over time. Generally, a rise in prices is characterized by a declining value of a unit of currency due to an increase in prices as a percentage.
Types of Inflation Indices - Macroeconomics (ECON-202)
Added on 2022-07-04
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