It’s an easy question for those who know the basics of macroeconomic. To calculate the inflation rate we have to know the CPI which is the consumers price index. We have to subtract the CPI of the bas

Search from various English teachers...

Abd. Liwal

It’s an easy question for those who know the basics of macroeconomic. To calculate the inflation rate we have to know the CPI which is the consumers price index. We have to subtract the CPI of the base year from the CPI of current year then divide the result by the CPI of base year. The amount which comes from this formula should be multiplied to 100. Now we have the inflation rate of current year.

Nov 19, 2021 8:23 PM

Corrections · 2

It’s an easy question for those who know the basics of macroeconomics. To calculate the inflation rate we have to know the CPI, which is the consumers price index. We have to subtract the CPI of the base year from the CPI of the current year then divide the result by the CPI of the base year. We then multiply to 100 the amount which results from this formula, and, finally we have the inflation rate of current year.

November 19, 2021

Want to progress faster?

Join this learning community and try out free exercises!