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News For Your Financial Education

What Is Inflation?

Inflation is a rise in the general level of prices for goods and services, and is measured as an annual percentage increase.

By the level of the price growth inflation is classified as follows:

  • Normal level inflation (annual price growth does not exceed 10%).
  • High level inflation (annual price growth is 10-200%).
  • Hyperinflation (annual price growth exceeds 200%).

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