explain the inflationary position in India. describe its causes and mention the steps taken by rbi governor to control inflation
it was more than 7.41% on March 28,2008
gaandu singh vedi
The larger the deficit the more inflation there will be. The government will print more money in the hopes of being able to get out of the deficit easier.
http://tradingeconomics.com/india/inflation-cpi
Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.
6.85%
it was more than 7.41% on March 28,2008
gaandu singh vedi
inflation in india is measured by whole sale price index.
The larger the deficit the more inflation there will be. The government will print more money in the hopes of being able to get out of the deficit easier.
The current inflation rate of the United Kingdom is 3.2%.
http://tradingeconomics.com/india/inflation-cpi
Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.
On March-7 inflation was 0.44
current inflation rate in harris county
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
Current year's inflation - last year's inflation / last year's inflation * 100 e.g ((B-A)/A)*100