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15 cards from this deck
Sustained increase in price level; decreases purchasing power
Sustained decrease in price level; increases purchasing power
Decrease in rate of inflation; prices rising but slower
Extremely rapid or out-of-control inflation
Excess demand in the economy
Rising production costs
Falling prices → less production → lower wages → unemployment
Around 2%
Measured in current prices without adjusting for inflation
Adjusted for inflation; reflects true purchasing power
Consumer Price Index
RPI includes mortgage interest payments & housing costs
CPIfinal−CPIinitialCPIinitial×100\frac{CPI_{final} - CPI_{initial}}{CPI_{initial}} \times 100CPIinitialCPIfinal−CPIinitial×100
RPI (due to housing costs)
Monthly
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