[unable to retrieve full-text content]What is consumer inflation?Consumer inflation is the rising costs of goods and services in an economy and, as a result, reflects the decreasing purchasing power of consumers, all other things being equal. Rising income can offset the impact of rising inflation. “Real” income growth is adjusted to subtract the impact of inflation.How is China’s consumer inflation measured?It is most often measured by the consumer price index (CPI), which tracks the prices people pay for a “basket” of goods and…
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