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Inflation, Consumer Prices



Inflation rate

Various numbers are often given to express inflation rate using consumer price index, which, though different are correct. The period for which inflation rate is indicated (the reference period) and the base period, which the reference period is compared with, should be mentioned unambiguously. The most commonly used are:

 
  • Inflation rate as an increase in average annual CPI characterizes the percentage change of the average price level of latest twelve months against the average level of previous twelve months.
    June 2014: 0,7 %
    Release Date: 9 July 2014
  • Average annual inflation rate – it is the value of the same indicator in December of the given year.
    2013: 1.4%
  • Inflation rate as an increase in CPI compared with the corresponding month of the preceding year characterizes the percentage change comparing the price level in the reference month of a given year with the corresponding month of the preceding year.
    June 2014: 0,0 %
    Release Date: 9 July 2014

Detailed information: Inflation – Types, Definition, Tables