Question

Calculate Rate of inflation, If wholesale price index for the first week is 250 and second week is 270.​

Answer 1

Answer:

inflation = the price index of second week - price

index of the the the first week × 100

______________________________

price index of the first week

= 270-250 × 100

------------

250

= 20

------ ×100

250

= 8%

Answer 2

Answer:

If wholesale price index for the first week is 250 and second week is 270.Then Rate of inflation = 8%.

Explanation:

Inflation Rate:

1. The overall expansive inflation rate is determined as the pace of progress in purchaser cost file (CPI) over a period utilizing the accompanying recipe:
2. Inflation Rate = Current Period CPI − Prior Period CPI. Earlier Period CPI.
3. More unambiguous expansion rates can be determined relying upon their expected use.

Given that,

The wholesale price index for first week = 250

The wholesale price index for first week = 270

Rate of Inflation

$= {\frac{270}{250} \times 100} - 100$

$= 8\%$

The project code is #SPJ3