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10 cards from this deck
General price level rises; money loses purchasing power
Measures UK inflation by tracking ~600 goods/services monthly
Time & resources spent researching market prices
Expenses of changing prices (reprinting, updating displays)
Inflation exceeding 100% per annum
General price level falls across the economy
Purchasing power - what money can actually buy
Interest rates tied directly to price index
UK products become more expensive in foreign markets
When caused by falling import or commodity prices
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