Inflation Rate. An economic indicator representing a change in prices of goods and services for a specified period, for a given statistical area
Inflation rate can be used to define changes, from period-to-period, in wages (Wage Inflation), house prices or producer inputs/outputs. It can be calculated month-over-month and quarter-over-quarter, as well as year-over-year, or on any periodic basis required by the publisher and its community of interest.
Issues and Challenges
Always either includes or excludes: Energy prices; Food prices. ALL inflation rates cite whether or not they exclude energy and food prices. If nothing stated it is assumed they include them.
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.