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Inflation Notes INFLATIONUSE P.E.E.LInflation-Increase in the general price levelDeflation-Decrease in the general price levelDisinflation-Decrease in the rate of inflation, i.e. price level increases but at a decreasing ratePurchasing power-Amount of goods a set amount of money will buy. Price rise in a particular market (Called an individual price rise)Price of single good/service increasesUsually caused by.