The diagram shows the annual inflation rate in an economy.
What can be deduced from the graph?
1 )
The price of goods and services fell between 2013 and 2014.
2 )
Disinflation took place between 2014 and 2015.
The purchasing power of money increased between 2014 and 2015.
4 )
The cost of living fell from 2016 onwards.
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