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14:54 Jun 23, 2008 |
German to English translations [PRO] Bus/Financial - Economics | |||||||
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| Selected response from: Andras Malatinszky Local time: 01:24 | ||||||
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Summary of answers provided | ||||
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5 +2 | one-off inflation, non-recurring inflation |
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5 | spot inflation |
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2 | localized inflation |
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2 | inflation in the single digits |
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2 | fractional inflation |
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localized inflation Explanation: Not an economics person, but might this fit? Reference: http://books.google.com/books?id=cV0EZuJxod8C&pg=PA465&lpg=P... |
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inflation in the single digits Explanation: As I understand it, dollar inflation is in the single digits, a favorable situation when compared to an unindexed currency, which might have double-digit inflation. |
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one-off inflation, non-recurring inflation Explanation: If your government devalues your currency, then everything your country buys abroad will become more expensive. For example, if your country's currency is the dinar, and three dinars are worth a dollar, then a barrel of oil costs you 420 dinars. But if your government devalues the dinar to where four dinars are worth a dollar, then all of a sudden a barrel of oil now costs 560 dinars, and everything that involves oil (gasoline, bus fare, transporting your food to your local supermarket) will suddenly be more expensive. The devaluation causes prices to rise. But the price increases are a one-off event. Yes, when the currency is devalued, prices go up, but then if everything else stays the same prices are not going to go up again next year. So this is a non-recurring kind of inflation. Prices go up and then stay put at the higher level. The other kind of inflation is sustained inflation, when prices keep going up year after year. Reference: http://www.economicshelp.org/blog/economics/sustained-and-te... |
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