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The research focuses on falling goods prices.
Domestic final goods prices fell 1.7percentt.
And when many buyers are chasing few goods, prices rise.
There was some inflation in goods prices, which increased by 0.2% over the year.
Led by food and other basic goods, prices began to rise slowly, almost undiscernibly.
Goods prices rise faster when one of those three factors bumps up against constraints.
But for traded goods, prices are likely to converge downwards, towards the cheapest price.
Residents face tripling or quadrupling goods prices, lack of shelter and safe drinking water.
Intermediate goods prices dropped 0.9percentt in December after falling 0.5percentt in November.
Finally, use the model again to determine the change in factor prices implied by that change in goods prices.
Similar(1)
Corporate-goods prices have already begun rising.
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