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 and the Price Level Inflation is a process in which the price level is rising and money is losing value.Inflation is a rise in the price level, not in the price of a particular commodity.And inflation is an ongoing process, not a one-time jump in the price level. Demand-Pull Inflation Real GDP increases, the price level rises, and an inflationary gap arises.The rising price level is the first step in the demand-pull inflation.