How do I interpret inflation data?
Interpreting inflation data involves understanding the Consumer Price Index (CPI) and how it reflects price changes over time.
What does a rising CPI indicate?
A rising CPI typically indicates that the cost of living is increasing, meaning consumers are paying more for goods and services.
How can I use inflation data for financial planning?
You can use inflation data to adjust your budget, plan for future expenses, and make informed investment decisions.
Are there different types of inflation?
Yes, there are several types, including demand-pull inflation, cost-push inflation, and built-in inflation.
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