13. It is measured as a rate percentage per unit time, say a year or month.
14. When the level of currency of a country exceeds the level of production, inflation occurs.
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17. INDIA INFLATION RATE India inflation rate stands at 11.49 percent year-over-year. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. . The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points.
42. The Wholesale Price Index or WPI is the price of a representative basket of wholesale goods.
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45. The index is published weekly with the shortest possible time gap of two weeks.
46. It is used to analyze the market activity and the monetary conditions in an economy.
47. It focuses on the changing nature of the economy of different kinds of services such as railways, road transportations, telecommunications,etc. These features highlight the utility of this index in monitoring ongoing changes in an economy in order to suggest the need for any adjustment.
