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Why is there increasing food price inflation situation in India?
Wiki User
∙ 11y ago
Inflation is a market situation when the price of a commodity increase due to the economic laws of demand and supply. There are numerous determinants for inflation. Some of the reasons for such a situation could be increase in population ,more demand of food, less productivity of food crop, export of food crop, hoarding by marketeers, devaluation of Rupee , government policies including the monetary & fiscal policies.
Wiki User
∙ 11y ago
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How inflation measured in India?
inflation in india is measured by whole sale price index.
What is running inflation?
RUNNING INFLATION: "It refers to the situation where the price level rises very fast. In case, price level doubles up every 3 years. It is, generally, succeeded by galloping inflation"
What is the range of hyper inflation?
Hyperinflation is an extremely rapid or out of control inflation and there is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.
Who calculates the inflation rate in US?
Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.
Differences demand-pull inflation and cost-push inflation?
Demand-pull inflation: prices rise due to shortage; firms produce more and raise price to meet demand. Cost-push inflation: prices rise due to increasing costs of production; firms raise price in order to not produce less.
What is the current inflation rate in India and what effects of inflation in India?
Current inflation in India is a bit volatile. However, given different estimated values of commonly understood inflation in India, the Wholesale Price Index for all commodities is 156.8 for the month of October 2011 with a base of 2004-05=100. Inflation is the rate of change over any reference period. So, If we compare the figure with October 2010, the inflation is around 9.5 percent. However, wholesale price index (WPI) is not the only indicator to understand inflation. There are other indicators such as Consumer Price Index (CPI). Even within WPI and CPI there are also divisions for different groups of population. In India, for such subgroups inflation is measured by finding the rate of change in such indices for groups like agricultural labourers, urban non-manual employees, Industrial workers and so on. For a detailed description on inflation in Indian context, one may refer to the link <http://lokkatha.com/150/index.php/economics/55-inflation-a-price-rise-in-essential-commodities-a-consumers-perspective> Inflation & Price Rise in Essential Commodities: A Consumer's Perspective
Causes and effects of price rise in India and measures to overcome it?
The effect of inflation in India is an unbalanced relationship between the amount of money earned and the cost of regular goods. This relationship can be controlled by bank authorities by limiting inflation.
Should gold price go up or down?
Increasing gold prices can lead to inflation. Falling gold prices tend to improve investment.
The consumers price index helps the U.S. government measure what?
inflation
Brief note on price rise in India?
Prices situation that emerged in India was because of international commodity prices and since India is no longer a closed economy here were global recession. Also, there was drought. Hence, the price rise.
How did the east india company come into power?
east India company had come into exitance by increasing tax,selling machine made good with rates,increasing general price levels,economic exploitation.EAST INDIA COMPANY captured power in 1757but established in1857 revolt.
Economic term for an economy with rising inflation and unemployment?
This is called inflation or more precisely "price inflation".
