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Explain the principle of riboswitches and switchboards, and provide examples of their application.
Core Inflation Rate
A measure of inflation that excludes volatile items such as food and energy, giving a clearer view of long-term inflation trends.
CPI Basket
A representative collection of goods and services used to calculate the Consumer Price Index.
Consumer Prices
The prices paid by consumers for goods and services, which can be influenced by various factors including supply and demand, production costs, and taxes.
Real Terms
Economic measures or financial figures adjusted for inflation, enabling comparison of quantities as if prices had not changed over time.
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