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CPI
The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, typically used as an indicator of inflation.
Inflation Rate
The rate in percentage terms that indicates how quickly the average price level of goods and services escalates, diminishing the buying power.
Market Basket
A fixed list of items used to track the progress of inflation in an economy or to compare prices over time.
CPI
The 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, typically used to assess changes in the cost of living.
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