Скачать или смотреть Retail Inflation falls to 4.7%

Retail inflation, also known as consumer price inflation (CPI), refers to the rate at which the prices of goods and services purchased by households increase over time. It is a measure of the average change in the prices of a basket of consumer goods and services commonly purchased by households.

Inflation is typically expressed as a percentage increase in prices over a specified period, usually on an annual basis. It is an important economic indicator as it affects the purchasing power of consumers and the overall cost of living.

Central banks and governments closely monitor retail inflation as it has implications for monetary policy, fiscal policy, and the overall health of the economy. High and volatile inflation can erode the value of money, reduce consumer spending, and create economic instability. On the other hand, low and stable inflation is generally seen as desirable, as it allows for price stability and predictable economic conditions.

Measuring retail inflation involves tracking the prices of a representative basket of goods and services over time. Statistical agencies, such as national statistical offices, collect price data from various sources and calculate inflation indices, such as the Consumer Price Index (CPI), to monitor changes in consumer prices.

It's worth noting that the retail inflation rate can vary across countries and regions, depending on factors such as economic conditions, government policies, exchange rates, and supply and demand dynamics in specific markets.
Retail Inflation falls to 4.7%

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