The purchasing power of money (the amount of products that one unit of money can buy) decreases when the price of goods rises over time. Due to inflation, if two units of products could be purchased for Rs 100 today, just one unit could be purchased for Rs 100 tomorrow. The Cost Inflation Index (CII) […]
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According to the Indian Ministry of Statistics and Programme Implementation, India’s inflation rate was 5.5 percent in May 2019. This is a little decrease from the previous annual result of 9.6 percent in June 2011. For all commodities, inflation rates in India are commonly expressed as changes in the Wholesale Price Index (WPI). The consumer
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This option can be implemented in a variety of ways by businesses. They can bundle or unbundle current items to develop new value propositions or expose clients to cheaper price points for disaggregated goods and services. They can use behavioral economics analytics to close price gaps and direct customers toward more profitable offers. They can
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Colombia’s ability to weather external shocks has been enhanced by its steady strong economic policies and aggressive advocacy of free trade agreements in recent years. For the past three years, real GDP has expanded at a rate of more than 4% per year, extending nearly a decade of solid economic growth. President Csar Gaviria Trujillo’s
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The GDP deflator (implicit price deflator for GDP) is a measure of the level of prices in an economy for all new, domestically produced final goods and services. It is a price index that is calculated using nominal GDP and real GDP to measure price inflation or deflation. Nominal GDP versus Real GDP The market
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Qatar, a small Middle Eastern country and peninsula off the Saudi Arabian border, is the world’s richest country. Qatar is little under 4,500 square miles in size, or about 0.12% of the size of the United States. Personally, I would never have thought that the world’s richest country is smack dab in the middle of
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Consumer prices have continued to rise, with an increase of 7.5 percent in January. The Federal Reserve is expected to hike interest rates next month in response to rising prices. 10:51 a.m., Feb. 10, 2022 What will be the rate of inflation in 2022? According to a Bloomberg survey of experts, the average annual CPI
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The Philippines’ Gross Domestic Product (GDP) climbed by 6.3 percent in the fourth quarter of 2015. The gross domestic product (GDP) is a measure of a country’s entire economic output and performance. It represents the entire market value of all commodities and services produced by the economy at a given point in time. A healthy
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The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years. What is the current rate of inflation in the United States? The US Inflation Rate is the percentage increase in the price of a selected
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Gross domestic product (GDP) per capita quantifies a country’s economic output per person and is determined by dividing a country’s GDP by its population. Per capita GDP is a global measure of a country’s prosperity that economists use in conjunction with GDP to assess a country’s prosperity based on its economic growth. The highest per
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