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Inflation and Prices terms
The cost of living argument.
Consumer Price Index The government's main measure of inflation, tracking price changes for a fixed basket of goods and services bought by urban consumers. Core inflation A measure of inflation that excludes volatile food and energy prices to show the underlying trend. Deflation A sustained decline in the general price level, which raises the real value of money and debts. Inflation A sustained increase in the general level of prices, reducing the purchasing power of money. Price controls Government-imposed limits on how high or low the price of a good or service may legally be. Stagflation A combination of slow economic growth, high unemployment and rising prices at the same time.