Ageneral rise in the prices of goods and services, such as food and clothes, is called
real gdp
interest rates
inflation

INFLATION.

A general rise in the prices of goods and services, such as food and clothes, is called inflation.

The opposite of inflation is deflation. It is the decrease in the prices of goods and services.

The pace of inflation or deflation can be measured using monthly statistics from the consumer price index.

Core inflation is the term used when consumer price index is subtracted by food and energy cost.