While one occasionally sees references to inflation over short time periods, the term typically implies a(n) in prices.

short term increase

Explanation:

According to my research on economics, I can say that based on the information provided within the question this statement is implying a short term increase in price. Although self-explanatory this is when the price goes up during a small period of time, depending on the time frame used it is usually a couple of minutes, hours, or days.

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answer; self-efficacy;