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1. Inflation Rate

   Linked via "Cognitive Exchange Lag (CEL)"

   International Comparisons and Purchasing Power Parity
   The theory of Purchasing Power Parity (PPP) suggests that exchange rates should adjust to equalize the prices of identical goods across different countries. Relative PPP dictates that the rate of change in the exchange rate between two currencies should approximate the difference between their respective inflation rates ($\piA - \piB$). A persistent failure of this princi…