Given the following data - Year -2006-07-2007-08- 2008-09- 2009-10Whline array Calculation the inflation rate for 2007-08- 2008-09 and 2009-10- What can we conclude-

Inflation rate for different years are calculated as : Year 2007 08 = 463 444/444× 100 = 4.28 % Year 2008 09 = 482 463/463× 100 = 4.10 % Year 2009 10 = 500 482 ...

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Standard XI

Statistics

Rate of Inflation

Given the fol...

Question

Given the following data :

$\begin{matrix} Year & 2006 - 07 & 2007 - 08 & 2008 - 09 & 2009 - 10 CPI for IW (2004 = 100) & 444 & 463 & 482 & 500 \end{matrix}$

Calculation the inflation rate for 2007-08, 2008-09 and 2009-10. What can we conclude?

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Solution

Inflation rate for different years are calculated as :
$Year 2007 - 08 = \frac{463 - 444}{444} \times 100 = 4.28 % Year 2008 - 09 = \frac{482 - 463}{463} \times 100 = 4.10 % Year 2009 - 10 = \frac{500 - 482}{482} \times 100 = 3.73 %$
CPI of industrial workers declined in all the years.

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Given the following data : Year2006−072007−082008−092009−10CPI for IW(2004=100)444463482500 Calculation the inflation rate for 2007-08, 2008-09 and 2009-10. What can we conclude?

Inflation rate for different years are calculated as : Year 2007−08=463−444444×100=4.28%Year 2008−09=482−463463×100=4.10%Year 2009−10=500−482482×100=3.73% CPI of industrial workers declined in all the years.

Given the following data :

$\begin{matrix} Year & 2006 - 07 & 2007 - 08 & 2008 - 09 & 2009 - 10 CPI for IW (2004 = 100) & 444 & 463 & 482 & 500 \end{matrix}$

Calculation the inflation rate for 2007-08, 2008-09 and 2009-10. What can we conclude?

Inflation rate for different years are calculated as :
$Year 2007 - 08 = \frac{463 - 444}{444} \times 100 = 4.28 % Year 2008 - 09 = \frac{482 - 463}{463} \times 100 = 4.10 % Year 2009 - 10 = \frac{500 - 482}{482} \times 100 = 3.73 %$
CPI of industrial workers declined in all the years.