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Inflation

A general rise in prices over time. The CPI is the most widely used U.S. measure of it.

BLS calls the CPI the most widely used measure of inflation. It also notes that the best measure depends on the purpose: the Producer Price Index, for example, measures prices at earlier stages of production. Source 1

Related terms

Where it comes up

Sources

  1. Bureau of Labor Statistics: Consumer Price Index frequently asked questions (opens in a new tab)

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