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23 July, 02:16

The actual cost of living increase for a household will be:

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  1. 23 July, 02:24
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    The answer is Either greater than or less than the inflation rate as reported by the CPI depending on the household's cost of necessities purchased

    higher inflation rates tend to lead to the increase in cost of living because it make the currency became devalued, which make people need to spend more money to obtain same amount of product
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