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Inflation
is defined as a sustained increase in the general prices levels
deflation
is defined as a sustained decrease in the general price level
disinflation
inflation occurs at a lower rate
The consumer price index (CIP)
is a measure of cost of living for the typical household ,and compoare the values of a basket of goods and services in one year with the value of same basket in base year
formula of CPI
Cost of the bundle of goods in the current period / Price of the bundle of goods in the base period x 100.

inflation rate
(later CPI- Earlier CPI /Earlier CPI )X100
rate of inflation with value
(Y2-Y1/Y1) *100