Is inflation a cooling?
Inflation is caused by various factors, including an increase in the consumer price index (CPI) over a given period, such as the month of June. Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. When the CPI rises, it indicates a general increase in the prices paid for goods and services, leading to inflationary pressures in the economy.