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A rise in the general price level is simply the rate of inflation. So if the CPI rises from 100 to 107 then the rate of inflation is 7 percent. A rise in the rate of inflation would occur if in the following year the CPI rose to 120. This represents a rate of inflation of 12.1 percent. It should be noted that the rate of inflation could fall even though prices were still rising.
queen babito answered the question on July 9, 2018 at 07:17
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