Category: Inflation
Inflation Rate, Rate of Inflation
The inflation rate is the percentage by which prices of goods and services rise beyond their average levels. It is the rate by which the purchasing power of the people in a particular geography has declined in a specified period. The rate of inflation may be calculated weekly, monthly or annually. However, it is always expressed as an annualized figure.
Inflation Rates
Inflation, which can be simply stated to be a state of economic activities with rising price level and falling purchasing power of money, has become a phenomenon. Fast rising oil prices over the world has pressurized the general price level in countries of the world. Present is experiencing higher economic growth with some inflationary pressure.
Here in this section we have covered the inflation rate (consumer prices) in some of the selected countries in the world.
