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If the Consumer Price Index (CPI) for 1989 was 124 the rate of inflation between the base period and 1989 was ..?

To calculate the rate of inflation between the base period and 1989 using the Consumer Price Index (CPI), you can use the formula: [ \text{Inflation Rate} = \left( \frac{\text{CPI in 1989} - \text{CPI in base year}}{\text{CPI in base year}} \right) \times 100 ] Assuming the base period CPI is 100, the calculation would be: [ \text{Inflation Rate} = \left( \frac{124 - 100}{100} \right) \times 100 = 24% ] Thus, the rate of inflation between the base period and 1989 was 24%.


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.


What is base effect in inflation?

When changes in the CPI in the base month have a considerable effect on twelve-month measured inflation, this is commonly referred to as a base effect. Base effects are therefore the contribution to changes in the annual rate of measured inflation from abnormal changes in the CPI in the base period.


What is the inflation rate in Texas?

current inflation rate in harris county


How can one calculate the inflation rate using the unemployment rate as a key factor?

To calculate the inflation rate using the unemployment rate as a key factor, you can use the Phillips Curve. The Phillips Curve shows the relationship between inflation and unemployment. When unemployment is low, inflation tends to be higher, and vice versa. By analyzing this relationship, economists can estimate how changes in the unemployment rate may impact inflation.

Related Questions

If the Consumer Price Index (CPI) for 1989 was 124 the rate of inflation between the base period and 1989 was ..?

To calculate the rate of inflation between the base period and 1989 using the Consumer Price Index (CPI), you can use the formula: [ \text{Inflation Rate} = \left( \frac{\text{CPI in 1989} - \text{CPI in base year}}{\text{CPI in base year}} \right) \times 100 ] Assuming the base period CPI is 100, the calculation would be: [ \text{Inflation Rate} = \left( \frac{124 - 100}{100} \right) \times 100 = 24% ] Thus, the rate of inflation between the base period and 1989 was 24%.


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.


What is base effect in inflation?

When changes in the CPI in the base month have a considerable effect on twelve-month measured inflation, this is commonly referred to as a base effect. Base effects are therefore the contribution to changes in the annual rate of measured inflation from abnormal changes in the CPI in the base period.


What was the inflation rate between January 1st, 2020 and December 31st, 2020?

The inflation rate between January 1st, 2020 and December 31st, 2020 was approximately 1.4.


What is the inflation rate in Texas?

current inflation rate in harris county


What inflation rate?

inflation


How can one calculate the inflation rate using the unemployment rate as a key factor?

To calculate the inflation rate using the unemployment rate as a key factor, you can use the Phillips Curve. The Phillips Curve shows the relationship between inflation and unemployment. When unemployment is low, inflation tends to be higher, and vice versa. By analyzing this relationship, economists can estimate how changes in the unemployment rate may impact inflation.


What is the 1992 inflation rate?

the inflation rate in 1992 was 1.75


What is the relationship between the discount rate and inflation rate in financial analysis?

In financial analysis, the discount rate and inflation rate are related because the discount rate is typically adjusted to account for inflation. When inflation is higher, the discount rate is also higher to reflect the decreased purchasing power of future cash flows. This adjustment helps ensure that future cash flows are properly valued in present terms.


What were the inflation rate and the unemployment rate last year?

2016s rate was 4.85%, and the inflation rate was 2.5%


What is inflation rate of 2007 in Pakistan?

Core Inflation Rate is 7%


What is the inflation rate in Indonesia?

As of 2005, the inflation rate in Indonesia was about 6.6%.