What is Inflation? How can we calucalate inflation? and
what is the present rate of Inflation?
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Answer Posted / chetan mehrishi
well technically inflation is the percentage change in
prices of the commoditied. it is measured in two types of
indices, namely consumer price index and wholesale price
index. wpi is clculted annually and cpi is calculated
weekly.
eg. suppose cpi for 2000 is 3500 and cpi for 2001 is 4500.
inflation rate= 4500-3500/3500*100
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