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

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