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{{main|consumer price index}}
In economics, '''inflation''' is a general rise in the price of goods and services in relation to purchasing power.
In economics, '''inflation''' is a general rise in the price of goods and services in relation to purchasing power.
==Measures of inflation==
{{main|consumer price index}}
The most widely used measure of inflation is the [[consumer price index]] (CPI). It reflects changes in the price of a representative "basket" of goods and services sold:
The most widely used measure of inflation is the [[consumer price index]] (CPI). It reflects changes in the price of a representative "basket" of goods and services sold: