What is inflation? Economics explained
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YouTubeThe Guardian
What is inflation? Economics explained
Inflation is one of the most important concepts in economics. It’s also one of the simplest. It’s just the average rate that prices are rising. A small amount of inflation is healthy for an economy - but how is it calculated and what happens when it gets out of control? Subscribe to The Guardian on YouTube http://is.gd/subscribeguardian The ...
533.8K viewsDec 15, 2015
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Cumulative inflation since 1996. Starting at 0 percent. In my last post, I showed 2000–2021 for the United States, Europe, and Japan. This expands the window to 1996–2025 and adds Turkey and Australia. Same methodology across all countries. This chart uses official CPI and HICP price level indices, compounded year over year. Values represent the inflation level, not annual inflation rates. Most countries experience inflation in cycles. Turkey experiences inflation as a structural regime. Sources
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