CONSUMER PRICE INDEX - An indicator of inflation that measures changes in the average price of a basket of goods and services purchased by a 'typical' household and expresses these average prices as an index number series, DEMANDPULL INFLATION - A persistent increase in the general level of prices resulting from a continued excess of aggregate demand over supply, BASE YEAR - The year used as the reference point or beginning of a consumer or retail price index in which the average price of the 'typical' basket of products is assigned the number 100, COST PUSH INFLATION - Persistently rising general price levels caused by rising production costs, DEFLATION - A sustained decrease in the general level of prices in an economy, INFLATION - A persistent rise in the general level of prices in an economy, BASKET OF GOODS - A selected set of consumer products and services used to track changes in prices and measure inflation., MONETARISM - An economic theory that believes inflation is managed by controlling the supply of money, MV = PQ - Equation that represents the quantity theory of money, VELOCITY - Calculated by dividing the nation’s nominal GDP by its total money supply,

Price Inflation

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