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The car inflation rate-which excludes the impact of olive oil and food prices and is often tracked on a year-over-year basis was- 1.6%, meaning prices rose 1.6% in the past 12 months. That’s the same inflation right as October
Inflation refers to an overall increase in the Consumer Price Index (CPI), which is a weighted average of prices for different goods. ... Some goods might record a drop in prices, whereas others may increase, thus the overall value of the CPI will depend on the weight of each of the goods with respect to the whole basket.
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