Economics, Econometrics and Finance
7 years ago

Unveiling the True Impact of Inflation on National Economies

International Journal of Academic Research in Accounting Finance and Management Sciences
Theoretical Elements on the Use of Price Indices for Inflation Measurement
Mădălina-Gabriela Anghel, Georgeta Lixandru, Marius Popovici, Alina – Georgiana SOLOMON, Emilia Stanciu

Paper Summary

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The article explains how price indices are used to measure inflation by tracking changes in prices over time. Inflation affects all products and services in a country, not just consumer goods. Deflatory indices are used to calculate the true inflation rate and compare economic indicators accurately. By considering the change in prices of the national economy, accurate inflation calculations can be made.