A rapid increase in the rate of inflation is sometimes attributed to the base effect. What is base effect ?

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Economy

asked Sep 07, 2023 at 08:56

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Answer 1

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It is the impact of the price levels of previous year on the calculation of inflation rate

answered Sep 07, 2023 at 08:56

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Answer 2

It is the impact of the price levels of previous year on the calculation of inflation rate

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