Math Definitions - Letter I
Chapters
Inflation
Definition of Inflation
Inflation measures the increase in the overall price of things with time.
We use the Consumer Price Index (CPI) to estimate the rate of inflation.
For example, suppose that a certain brand of car cost \(\$23,520\) last year, and the same brand of car costs \(\$25,640\) this year. This may be a result of inflation.
The opposite of inflation is deflation. In deflation, prices fall overall.
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter I
Author: Subject Coach
Added on: 6th Feb 2018
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