⭐️ INFLATION
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Last updated 11:27 PM on 12/7/25
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5 Terms
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What is CPI?
A measure of the price of a fixed basket of goods.
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How do you calculate inflation?
(CPInew − CPIold) / CPI_old.
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What is substitution bias?
CPI overstates inflation because people switch goods.
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Who is hurt by inflation?
Savers
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Who benefits from inflation?
Borrowers.
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