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The Quarterly Inflation Rate measures the change in the price of a basket of goods and services purchased by households over a three-month period. It is a critical indicator for central banks to determine monetary policy and interest rate adjustments. High quarterly growth often signals rising price pressures, which can lead to tighter monetary policy to curb inflation.
Calculated by comparing the Consumer Price Index (CPI) of the current quarter to the CPI of the previous quarter, expressed as a percentage change.
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