Inflation in economic systems is manifested by an increase in the general level of prices for various products. Therefore, during the period of inflation for the same money, after a certain time, you will be able to buy fewer services or goods than before. Thus, money loses some of its real value.
Instructions
Step 1
To measure inflation, special economic and statistical indicators are used - indices (rates) of growth and price growth. In this case, the price index is a relative change in the average price level for a conditional period. In turn, the average price level is the weighted average value of all prices for products in a certain aggregate, determined by the consumer basket.
Step 2
The inflation rate is an indicator of the average level of change in product prices relative to the base period and is used as the inflation rate, and is expressed as a percentage for the year. As a rule, when calculating the price index of prices for the base period, the following formula is used: PI = CTP / CBG x 100%, where PI is the index of prices of the current period,
CTP - value of the price of the current period, CBG is an expression of the price of the base year.
Step 3
Measurement of the inflation rate using the price growth rate can be determined by the formula: TPP = (TPP-TPP) / TPP x 100%, where TPP is an indicator of the price growth rate for the current period, CTP - the value of the price of the current period, CPP - the value of the price for the previous period.
Step 4
There are different types through the multiplication of the values of chain indices.
Step 5
A rather important place among price indices is occupied by deflators of GDP or GNP (gross domestic product or gross national product) - a price index in which the consumer basket includes absolutely all final goods or services. This index compares the rise in the overall price level based on the basket of the national product. It is calculated according to the following formula: DVVP = STP / SBP x 100%, where DVVP is the value of the GDP deflator for the current period,
STP is an indicator of the value of the GDP basket in prices for the current period, SBP is the value of the value of the GDP basket in prices for the base year.
