Percent inflation rate = (Final CPI Index Value/Initial CPI Value)*100 is the formula used for calculating inflation. You can read about Inflation in Economy- Types of Inflation, Inflation Remedies, Effect of Inflation in the given link.
Further readings:
- Indian Economy Notes for UPSC Civil Service Exam
- Monetary Policy – Objectives, Monetary Policy Committee, Instruments of Monetary Policy
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Related Links |
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Wholesale Price Index (WPI) – An Overview, Differences with CPI – Indian Economy Notes |
Consumer Price Index (CPI) – Types of CPI, Calculation of CPI – Indian Economy Notes |
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