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How is inflation calculated?

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:

  1. Indian Economy Notes for UPSC Civil Service Exam
  2. Monetary Policy – Objectives, Monetary Policy Committee, Instruments of Monetary Policy

Related Links

Cashless Economy in India – UPSC GS-III Notes

The Reserve Bank of India: Functions and Composition

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

Inflation Targeting: Methods, Drawbacks and Benefits

G20 Talks on Economic Crisis: RSTV- Big Picture

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