How is inflation calculated? — Each country has its own method to calculate inflation. However, it reflects how the market prices affect a person’s purchasing capacity. In India, it is based on Wholesale Price Index (WPI) where the price level of the data of 435 commodities is tracked through WPI.
Check Also
International Design Day History, Activities, FAQs and Fun Facts
International Design Day is an opportunity to recognise the value of design and its capacity …