Section 4
Cost of Living
Book
Version 3
By Boundless
By Boundless
Boundless Economics
Economics
by Boundless
2 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/20516/square/push-pull-inflation.jpeg)
Introduction to Inflation
Inflation is a persistent increase in the general price level, and has three varieties: demand-pull, cost-push, and built-in.
![Thumbnail](../../../../../../figures.boundless-cdn.com/20378/square/r-price-index-us-1913-2004.jpg)
Defining and Calculating CPI
The consumer price index (CPI) is a statistical estimate of the change in prices of goods and services bought for consumption.