Explained in plain English
Who measures inflation?
Governments usually have dedicated statistical offices that track price changes for a basket of common goods and services. This helps them understand the overall cost of living and how it affects people's purchasing power. When Apple raises prices for iCloud+, it contributes to these broader economic trends, though individual company decisions aren't the sole measure.
Stories that explain this
Apple raises iCloud+ prices in eight countriesQuestions this opens up
What is a 'basket of goods'? How is inflation calculated? Why does inflation matter?This explainer came from a news story
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