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How does inflation affect real income 2024?

Benjamin Davis | 2023-05-07 11:15:02 | page views：1416
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Amelia Martin

Studied at the University of Melbourne, Lives in Melbourne, Australia.
Real income refers to the income of an individual or group after taking into consideration the effects of inflation on purchasing power. For example, if you receive a 2% salary increase over the previous year and inflation for the year is 1%, then your real income only increases by 1%.
2023-05-17 11:15:02
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Lucas Rogers

QuesHub.com delivers expert answers and knowledge to you.
Real income refers to the income of an individual or group after taking into consideration the effects of inflation on purchasing power. For example, if you receive a 2% salary increase over the previous year and inflation for the year is 1%, then your real income only increases by 1%.
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