When the CPI increases from one year to the next:

Name: When the CPI increases from one year to the next:
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The CPI measures the change in prices of goods and services over time, so if it increases from one year to the next, it means that prices have gone up and people will need to spend more money to buy the same amount of goods as the previous year. The cost of living has therefore increased, not decreased, and deflation has not occurred.

When the CPI Increases from One Year to the Next