Rate Of Inflation (Noun)
Meaning
The rate of change of prices (as indicated by a price index) calculated on a monthly or annual basis.
Classification
Nouns denoting time and temporal relations.
Examples
- The central bank closely monitors the rate of inflation to determine whether to adjust interest rates.
- A high rate of inflation can erode the purchasing power of consumers and reduce the value of savings.
- The country's rate of inflation has been steadily increasing over the past year, causing concern among economists.
- The government's economic policy aims to keep the rate of inflation below 2% to maintain price stability.
- A sudden spike in the rate of inflation can have a significant impact on the overall economy and financial markets.