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Inflation Rate
The progression rate at which the cost of consumer goods and services climbs, thereby eroding purchasing potential.
Price Level
The Price Level is a measure of the average prices of goods and services in an economy at a specific time.
Percentage Change
A mathematical calculation that represents the degree of change over time, expressed as a fraction of the original value.
Nominal GDP
The market value of all final goods and services produced within a country in a year, measured in current prices.
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