If the consumer price index (cpi) for 1989 was 124, the rate of inflation between the base period and 1989 was "24%."
Inflation alludes to a general increment in the Consumer Price Index (CPI), which is a weighted normal of costs for various products. The arrangement of merchandise that make up the index relies upon which are viewed as illustrative of a typical utilization container. In this manner, contingent upon the nation and the utilization propensities for most of the populace, the list will involve diverse merchandise. A few products may record a drop in costs, while others may expand, accordingly the general estimation of the CPI will rely upon the heaviness of every one of the merchandise as for the entire bushel. Yearly swelling, alludes to the percent change of the CPI contrasted with that month of the earlier year.