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The inflation rate is the percentage increase in the overall price level above . It represents the speed at which the purchasing power of the currency has eroded with it.
Central banks and governments keep pace with inflation and affect monetary and fiscal policies accordingly. With the unemployment rate, the interest rate and the rate of growth, the inflation rate speaks volumes about the health of an economy.
Inflation rate formula :
The general inflation rate for the whole economy is calculated as the percentage change in the consumer price index (CPI) on the following formula:
Inflation rate formula>>inflation rate formula>>
The specific inflation rates are calculated according to the intended use. Producers can calculate the rate of inflation applicable to them using the producer price index. University foundations can calculate the rate of inflation that is relevant to them in terms of changes in the level of teacher compensation, research expenditure, etc.
Inflation rate formula : Inflation Rate | Definition | Formula >> 1bestweek
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