Depreciation Calculator
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What is Inflation?
Inflation rate is that the measure of the rise or rate of increase within the general price of selected goods and services over a determined period of your time . Inflation can indicate a decline within the purchasing power or value of a nation's currency and is usually recorded and reported as a percentage.
Inflation rate is vital because because the monetary value of things increases, currency loses value because it takes more and more funds to accumulate an equivalent goods and services as before. This fluctuation within the value of the dollar impacts the value of living and adversely affects the economy resulting in slower economic process
How to calculate rate of inflation if it's quite one hundred (100)%?
Inflation rate indicates a rise in prices. When the typical rate of inflation reaches 100, it means prices for the analyzed goods or services have doubled. When it goes above 100, prices have quite doubled. to assist keep information clear, when rates escalate over 100, the BLS typically selects a replacement base year. However, when CPI index is over 100, subtract 100 to work out what proportion prices inflated therein period of your time . Remember that the info is reflecting a rise on top of the originating price. You can understand the workings of a Inflation calculator with this formula.
((B - A) x 100 )/A where A is the starting number and B is the ending number.