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Musalem Calls for Continued Action as Service Sector Inflation Persists

Musalem highlights ongoing inflationary pressures in the service sector, stressing that additional measures are necessary to address the problem.

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Terms & Concepts
  • Inflation: A rise in the general price level of goods and services in an economy over time, reducing purchasing power.
  • Service Sector: The segment of the economy that provides intangible goods such as healthcare, finance, education, and hospitality.