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Rate of Inflation Calculator

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Microeconomics Macroeconomics

✖Ending Consumer Price Index is a measure that examines the final weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.ⓘ Ending Consumer Price Index [ECPI]			+10% -10%
✖Initial Consumer Price Index is a measure that examines the initial weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.ⓘ Initial Consumer Price Index [ICPI]			+10% -10%

✖The Rate of Inflation measures the percentage change in the purchasing power of a particular currency. As the cost of prices increases, the purchasing power of the currency decreases.ⓘ Rate of Inflation [R]

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Rate of Inflation Solution

STEP 0: Pre-Calculation Summary

Formula Used

Rate of Inflation = (Ending Consumer Price Index-Initial Consumer Price Index)/Initial Consumer Price Index
R = (ECPI-ICPI)/ICPI
This formula uses 3 Variables

Variables Used

Rate of Inflation - The Rate of Inflation measures the percentage change in the purchasing power of a particular currency. As the cost of prices increases, the purchasing power of the currency decreases.
Ending Consumer Price Index - Ending Consumer Price Index is a measure that examines the final weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.
Initial Consumer Price Index - Initial Consumer Price Index is a measure that examines the initial weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.

STEP 1: Convert Input(s) to Base Unit

Ending Consumer Price Index: 106 --> No Conversion Required
Initial Consumer Price Index: 100 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

R = (ECPI-ICPI)/ICPI --> (106-100)/100

Evaluating ... ...

R = 0.06

STEP 3: Convert Result to Output's Unit

0.06 --> No Conversion Required

FINAL ANSWER

0.06 <-- Rate of Inflation

(Calculation completed in 00.004 seconds)

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< Microeconomics Calculators

Gross Domestic Product

LaTeX Go Gross Domestic Product = Private Consumption+Gross Investment+Government Consumption+Net Exports of Goods and Services

Rate of Inflation

LaTeX Go Rate of Inflation = (Ending Consumer Price Index-Initial Consumer Price Index)/Initial Consumer Price Index

Average Total Cost

LaTeX Go Average Total Cost = Total Cost/Quantity of Each Order

Net Exports of Goods and Services

LaTeX Go Net Exports of Goods and Services = Exports-Imports

Rate of Inflation Formula

LaTeX Go

Rate of Inflation = (Ending Consumer Price Index-Initial Consumer Price Index)/Initial Consumer Price Index
R = (ECPI-ICPI)/ICPI

How to Calculate Rate of Inflation?

Rate of Inflation calculator uses Rate of Inflation = (Ending Consumer Price Index-Initial Consumer Price Index)/Initial Consumer Price Index to calculate the Rate of Inflation, The rate of inflation measures the percentage change in the purchasing power of a particular currency. As the cost of prices increases, the purchasing power of the currency decreases. Rate of Inflation is denoted by R symbol.

How to calculate Rate of Inflation using this online calculator? To use this online calculator for Rate of Inflation, enter Ending Consumer Price Index (ECPI) & Initial Consumer Price Index (ICPI) and hit the calculate button. Here is how the Rate of Inflation calculation can be explained with given input values -> 0.06 = (106-100)/100.

FAQ

What is Rate of Inflation?

The rate of inflation measures the percentage change in the purchasing power of a particular currency. As the cost of prices increases, the purchasing power of the currency decreases and is represented as R = (ECPI-ICPI)/ICPI or Rate of Inflation = (Ending Consumer Price Index-Initial Consumer Price Index)/Initial Consumer Price Index. Ending Consumer Price Index is a measure that examines the final weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care & Initial Consumer Price Index is a measure that examines the initial weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.

How to calculate Rate of Inflation?

The rate of inflation measures the percentage change in the purchasing power of a particular currency. As the cost of prices increases, the purchasing power of the currency decreases is calculated using Rate of Inflation = (Ending Consumer Price Index-Initial Consumer Price Index)/Initial Consumer Price Index. To calculate Rate of Inflation, you need Ending Consumer Price Index (ECPI) & Initial Consumer Price Index (ICPI). With our tool, you need to enter the respective value for Ending Consumer Price Index & Initial Consumer Price Index and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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