inflation is measured by quizlet
â¢ About different ways to measure inflation (CPI, (steps 4-14), GDP deflator (step 15). â¢ Different ways to locate data time series in the FRED database (tags, search and browse (steps. 2-4, & 15). â¢ Definitions for inflation, consumer price index (CPI), index, and price level (steps 1-5), core. inflation (step 13).