Annual Inflation Rate is the rate of inflation calculated annually that is on an yearly basis. Inflation is a condition which is harmful for any economy. The price rises from the normal level with the increase in the supply of money and the decline in the supply of goods. Though the the demand of goods and services increase, the supply of the required products do not increase and hence are unable to match the demand of the mass. The prices are very high and the supply of goods is slashed down to a much lower level. The annual inflation rate is calculated by taking into account the average inflation rate of each month. The change in the prices of goods take place on a daily basis and that is compiled into a monthly record which is finally required in preparing the annual report.
US Inflation Rate
During the 1920s the US market faced a crash in the stock market. The decade was marked by this event.
Australian Inflation Rate
Australia's annual inflation at the end of March was 2.4% which accorded with the plans of Australian Reserve Bank. The RBA planned to restrain the inflation rate within 2% and it is a great achievement for them to have been done that. The RBA successfully accomplished its duty. The monetary policy of the RBA is responsible for the low rate of annual inflation in the year 2007 for Australia. The target set through the month of May was 6.25%.
Indian Annual inflation Rate
The annual inflation rate as recorded in India by the CPI is 1.8% which was the rate throughout the month of September. The services provided by the household and housing services went down in the present year. The prices for apparels and shoes rose in comparison to last year. Inflation received its greatest contribution from the dairy sector. The mortgage interest rates increased. All these contributed to the determination of annual inflation rate of India.
The water level continues to rise in the Northern Aral Sea thanks to the Kokaral Dam and 13-kilometer dike at the southern edge of the recovering lake. As the northern part of the Aral Sea, once the world’s fourth-largest lake, continues to expand, the fishing industry is slowly returning as well.
Thanks to one of the worst manmade environmental disasters in recorded history, the Aral Sea is disappearing. But a small section of the sea in the north is reviving – and fish are returning.
Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".
Professor of Economics & Director of the Earth Institute at Columbia University. Special Adviser to the UN Secretary-General on the Millennium Development Goals. Founder & co-President of the Millennium Promise Alliance.
Vice President and Director of the Global Economy and Development Program at the Brookings Institution. Former Turkish Minister of State for Economic Affairs. Head of the United Nations Development Program (UNDP) from 2005-2009.