Category: Inflation
Current Inflation
The current inflation rates across the world, as of April 2009, were low due to the global recession that peaked in September 2008. The recessionary pressures felt across the globe resulted in a massive decline in the supply of money. This, in turn, affected commodity prices, resulted in low inflation rates. Current inflation is measured by the International Monetary Fund.
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.
