Give detail explanation about the inflation, Macroeconomics

Give detail explanation about the Inflation

Price index is computed at a particular point in time, inflation over a time period, mainly one year
Inflation may just as well be defined as percentage change in price level.
Inflation is independent of which year we use as our base year for our price index.
You very often hear that inflation is "percentage change in prices" though keep in mind that "prices" is then short for the price level.
Since the price level may be defined in many different ways (using different goods and different weights in basket), inflation may be defined in many different ways.
if price index decreases between two points in time we say that inflation is negative or that we have deflation.

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