Answer to Question #145467 in Macroeconomics for Phato

Question

Explain inflation rate, thatis using usually reported every month in media is obtained

Answer 1

The rate of inflation by the media is measured depending with the previous cost of goods. Inflation is a quantitative measure of a basket of selected goods and services in an economy increases over a period of time. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods.