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Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service.
It is the rate at which the general level of price for goods and services is rising and consequently the purchasing power of currency is falling
Inflation is increase or rise in price level
Inflation is defined as sustainable increase in the general level of prices of goods and services.
Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service.
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