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Glossary of terms

Find out the meaning of those technical terms. Click the letter that the word begins with.

A B C D E F I L M N O P R S T U V W Y

Inflation is the term used to describe the rise of average prices throughout the economy over the course of a year. Statistics New Zealand publishes the Consumers Price Index CPI which records the change in the price of a "basket" of goods and services purchased by an average New Zealand household. The rate of change between the CPI from one year to the next is known as the inflation rate.