Examlex
A speaker is trying to give her presentation, but a loud movie is being played in the next room and her audience is having trouble hearing her. What type of noise is she encountering?
CPI
A gauge called the Consumer Price Index tracks the overall cost of a varied mix of consumer items and services like food, healthcare, and transport, by measuring their weighted average prices.
Cost Of Living
The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a particular place and time.
Base Year
A specific year chosen as a point of reference for comparing economic data, such as price levels, over time.
Inflation
The tempo at which the general price level of goods and services rises, leading to a fall in the ability to purchase.
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