From this page, I derived the following formula of inflation... (confirm it too, but i used the same in my assignment)
Inflation rate = Change in CPI / CPI of the last year * 100
Where,
Change in CPI = Current year’s CPI – Last year’s CPI
Inflation Rate = Change in GDP / GDP of the last year * 100
On 4/29/2010 11:35 AM, Yasser Hammad wrote:
--can anyone guide me which formula is used fro calculating the inflation (as asked in the 1st assignmnet of mgt411)
plz share the formula or the chapter /source where that formula can be foundregards
--
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