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Annual Rate
Refers to the yearly interest rate or growth rate applied to investments, loans, or any financial product that calculates earnings or payments over a year.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate cost of living changes.
Market Basket
A selected group of goods and services used to track inflation and other economic indicators through price changes.
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