Page 56 - FINAL CFA I SLIDES JUNE 2019 DAY 5
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LOS 17.e: Explain inflation, hyperinflation, disinflation, and Session Unit 4:
deflation.. p.89
17. Understanding Business Cycles, p. 1
Inflation is a persistent increase in the price level over time.
Related concepts:
• Hyperinflation (inflation out of control),
• Inflation rate,
• Disinflation (rate of increase declining but above zero)
• Deflation (decreasing price level)
LOS 17.e: Explain the construction of indexes used to measure inflation. p.90/91
