Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
Inflation is the rate of increase of prices over time. If the typical basket of goods cost 100 one year ago, and today costs 120, then inflation over the past year was 20%. but if that basket cost 120 one year ago and still cost 120 today, then inflation over the past year was 0.ommon mistake is that: price level is high, so inflation rate is high. You can not talk about inflation rate wthout comparing a price level in a pont in time with the price level in the reference point in time.