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Answer Posted / vivek ambastha
How to calculate inflation?
Inflation is depend upon
1-Wholesale Price Index (WPI)
2-Consumer Price Index (CPI)
We just substitute a different value for the first one. So
if we want to know how much prices have increased over the
last 12 months (the commonly published inflation rate
number) we would subtract last year's index from the
current index and divide by last year's number and multiply
the result by 100 and add a % sign.
The formula for calculating the Inflation Rate looks like
this:
((B - A)/A)*100
| Is This Answer Correct ? | 52 Yes | 9 No |
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