Economics · Inflation
Which method is correct for calculating the annual inflation rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Comparing the price index of the current year with the price index of the following year
- 2Comparing the price index of the current year with the price index of the previous year✓
- 3Averaging the price indices of the current and previous year
- 4Comparing the price index of the current year with the average price index of the previous year
Correct answer
Comparing the price index of the current year with the price index of the previous year
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