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Inflation and Consumer Price Index (CPI) definitions
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Inflation
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Inflation
A sustained increase in the general price level across an entire economy, not just individual products or markets.
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이 집합의 용어 (13)
하이드의 정의
Inflation
A sustained increase in the general price level across an entire economy, not just individual products or markets.
Consumer Price Index
A measure tracking the cost of a typical basket of goods over time, used to monitor changes in overall price levels.
Basket of Goods
A representative collection of products and services used to assess changes in the cost of living for households.
Price Level
An aggregate measure reflecting the average prices of all goods and services within an economy.
Base Year
A reference period against which current price levels are compared, always assigned a value of 100 in CPI calculations.
Inflation Rate
The percentage change in the overall price level from one year to the next, indicating how quickly prices are rising.
Percentage Change
A calculation method using the difference between new and old values divided by the old value, often used for inflation.
Economic Stability
A condition where price levels and other economic indicators change gradually, supporting predictable growth.
Aggregate Demand
The total demand for goods and services within an economy at a given overall price level and time.
Household Survey
A data collection process where families report their typical purchases, forming the basis for the basket of goods.
Nominal GDP
The total value of all goods and services produced in an economy, measured using current prices without adjusting for inflation.
Real GDP
The total value of all goods and services produced, adjusted for changes in price level to reflect true economic growth.
Spending Bucket
A category within the basket of goods representing a major area of household expenditure, such as housing or food.