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| Question | Answer |
| Economics :Price Inflation: Aarya Vaidya | Definitions |
| :Inflation: | A sustained increase in the general level of prices in an economy. |
| :Hyperinflation: | Rampant or Runaway inflation in which prices rise so quickly that money becomes almost worthless. |
| :CPI / Consumer Price Index: | A measure of changes in the weighted average price level of a basket of consumer goods and services purchased by a 'typical' household. |
| :Retail Price Index: | A measure of changes in the weighted average retail price of a basket of goods and services purchased by a 'typical' household. |
| :Base Year: | The first year in a price index. In this year the weighted average price level is normally set to 100. |
| :Indexation: | Increasing certain payments, such as welfare payments or public pension, at the same rate as inflation so that their real value or purchasing power is maintained. |
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