To calculate the Consumer Price Index between two years in Excel, take a sum of all the amounts spent on the basket of products over those two years. Then use the following formula to find the CPI ...
If you’ve checked the news even once over the past few months (or tried to buy basically anything), you know the United States is currently dealing with a bit of an inflation problem. Compared to this ...
Yes, inflation is at a 40-year high, but you might not be feeling its sharp bite. It all depends on where you spend your money. The Consumer Price Index is a basket of thousands of goods and services.
If your business makes investments in equipment and employee benefit contributions, you may need to track the average annual rate of return over a span of time for financial reporting obligations.
With the official inflation rate at 2.8%, consumers may be asking themselves how this is possible because their experience at the till point belies the number recently put out by Statistics South ...