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Inflation should be viewed as public enemy number 1: here's why

By Jannie Rossouw, Visiting Professor at the Business School, University of the Witwatersrand

Inflation is a process of sustained increases in the general price level over a period of time, typically 12 months.

Inflation can be calculated for a country, for specific regions in a country and for different income and demographic groups, for instance pensioners.

These different calculations are important because the spending patterns of regions and groups…

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