Chapter13: Inflation
Section: Chapter Questions
Problem 9SQP
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Question
Describe the procedure of applying Specific Inflation Rates? Give an example?
Expert Solution
Step 1
A specific inflation rate can be calculated as :
= ((B-A)/A)*100
Where B is Index value of Current Year,
A is the Index Value of some past year (in relation to which the inflation rate has to be calculated)
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