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by roymurdock
3914 days ago
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"PPP" refers to Purchasing Power Parity. The default option is the PPP rates for consumption in 2005 estimated by the World Bank’s Development Data Group. So yes, it does account for inflation, assuming equal inflation across whatever basket of goods was chosen as the reference point for PPP. https://en.wikipedia.org/wiki/Purchasing_power_parity |
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