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Inflation Rate
The elevation in the percentage cost of goods and services across an economy over an established period.
Relative-price Variability
Fluctuations in the price of one good or service in relation to others, affecting purchasing decisions and economic equilibrium.
Inflation Rate
A measure of how quickly the cost of goods and services rises, thereby reducing the purchasing power.
Fixed Price
A pricing strategy where the selling price of a product or service is set and not subject to change based on market fluctuations or bargaining.
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