MkBaddie
Answered

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Explain the rate of inflation please

Sagot :

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The car inflation rate-which excludes the impact of olive oil and food prices and is often tracked on a year-over-year basis was- 1.6%, meaning prices rose 1.6% in the past 12 months. That’s the same inflation right as October
imthebestlikealways

Answer:

Inflation refers to an overall increase in the Consumer Price Index (CPI), which is a weighted average of prices for different goods. ... Some goods might record a drop in prices, whereas others may increase, thus the overall value of the CPI will depend on the weight of each of the goods with respect to the whole basket.

Explanation:

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