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
Bohag Bihu Festival Information For Kids
Bohag Bihu Festival Information: The Rongali Bihu is the most important among all the three …