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.
Best Answer: There is a direct relationship between the price level and the rate of inflation at a particular point of time. Higher the rate of inflation, higher will be prices and vice versa.The inflation rate is the rate of increase of the average price level (a measure of inflation), usually some form of consumer price index. Alternatively, the inflation rate is the rate of decrease in the purchasing power of money.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.