what is inflation?
Answer Posted / sathish,pradeep(warangal-andhr
The overall general upward price movement of goods and
services in an economy, usually as measured by the Consumer
Price Index and the Producer Price Index. Over time, as the
cost of goods and services increase, the value of a dollar
is going to fall because a person won't be able to purchase
as much with that dollar as he/she previously could. While
the annual rate of inflation has fluctuated greatly over the
last half century, ranging from nearly zero inflation to 23%
inflation, the Fed actively tries to maintain a specific
rate of inflation, which is usually 2-3% but can vary
depending on circumstances. opposite of deflation.
Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
Meaning of portfolio management?
differed tax liability
What is Insider Trading ?
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
what is ZBA hold & balance hold in banking?
what is Accounting Standers?
what is controlership?
Is WCT paid to be considered as overhead during costing in construction firm?
differnce between the 4.7 & 6.0 versions?
fd redeem interest and principal entry in tally
What is dematerialisation and its benefits?
Expand DPCO
Expand-------NSAC
what is internal audit
Expand---------NMOP