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Real Price
The price of a good or service adjusted for inflation, reflecting its purchasing power relative to a specific base year.
Annual Inflation Rate
The percent increase or decrease in the general price level of goods and services over a period of one year.
Constant Dollar
A term used to describe a way of measuring economic statistics in which values are adjusted for inflation, allowing for comparison across different times.
Real Price
The price of goods or services adjusted for inflation, reflecting the actual purchasing power of money.
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