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.
Rather than trying to create an all-encompassing global free trade agreement at one go, some economists have argued in the past that overlapping multilateral FTAs could provide a quicker path to a global accord. In that scenario, the Asia-Pacific region may hold the future of global free trade in its hands.
While the WTO Ministerial meeting in Bali in December may deliver on individual initiatives related to such themes as agriculture, trade facilitation and development, a major breakthrough on the “single undertaking” is far from sight.
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".
Nouriel Roubini, a.k.a. “Doctor Doom”, is chairman of Roubini Global Economics and professor of economics at New York University’s Stern School of Business. Roubini has been consistently cited as one of the world’s top global thinkers. This year, he was voted as the most influential economist in the world by Forbes magazine.
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.