Equation for inflation: New-Old/Old x 100
Deflation: Decline in general price level.
Disinflation: Inflation rate declines.
Equation for inflation: New-Old/Old x 100
Finding inflation rate using market basket data: Current year-Base year/Base year x 100
Finding inflation rate using price indexes: Current year-Base year/Base year x 100
It's helpful to learn these equations since you isolate each section of the notes. You make it clear to understand and it is informative.
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