Anna H.

asked • 08/12/18

Rate of inflation

Inflation 

1 Expert Answer

By:

Inactive Tutor answered • 08/12/18

Tutor
New to Wyzant

See tutors like this
See tutors like this
this is calculated by comparing the previous month's cost of a standardized set of products to this month's price.  The US government does this...
Upvote • 0 Downvote
More
Report

Inactive Tutor

Actually, to correct my answer, apparently it's a year over year calculation.  So, the price for the shopping cart full this January is compared with the price last January to provide a yearly inflation rate.
Report

08/12/18

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.