How to Calculate Inflation Rate From CPI | Sapling
sapling.com
How to Calculate Inflation Rate From CPI | Sapling
Use the Consumer Price Index and the standard inflation rate formula to see how much the value of a dollar has changed over time. This can help you understand how the prices of various items have changed in real terms over time. Use a calculator tool or apply the formula yourself.
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What is Inflation? It means the rise in prices of goods and services over time - so your money buys less than before. 1. Rent keeps going up every year. → That’s inflation. 2. If your salary stays the same but vegetables cost more, you feel inflation. 3. Bus fare goes up, but the distance is the same. → That’s inflation. #SimpleEconomics #LearnEnglish #SayItRight | Winner
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