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Monday, October 14, 2013

Comparission of World inflation with Indian inflation

 


Inflation in brief:

Inflation means a reduction in the value of money; in other words, a rise in general price levels. The literal meaning of the word inflation is to blow up or get bigger. If the amount of money in a country - the money supply - grows faster than production in that country, the average price will rise as a result of the increased demand for goods and services. Inflation can also be caused by higher costs being charged on to the end-user. These might be raw material costs or production costs which have risen, but could also be higher tax rates. These price rises cause the value of money to fall. You can therefore buy less with the same amount of money. But this does not need to have an immediate effect on purchasing power. Purchasing power only declines if wages rises less rapidly than prices.

Consequences of limited inflation:

Governments often strive for an inflation rate of around 2 to 3 percent per year. Such low inflation is beneficial for the economy. Low inflation encourages consumers to buy goods and services. Delaying will mean that they would have to pay more for the same product. Low inflation also makes it more appealing to borrow money, since interest rates are usually also low during periods of low inflation. Maintaining low inflation is therefore an important goal for governments and central banks because of the economic benefits.

Consequences of high inflation:

As indicated above, limited inflation is good for the economy. But high inflation is less beneficial. High inflation can cause the population’s confidence in their own currency and economy to decline, and it can be less appealing for foreign investors to invest in the country concerned. High inflation therefore often has a harmful effect on economic growth. If inflation gets too high, a country’s central bank will often intervene by raising its interest rates and thus discourage the creation of money.

Most recent CPI India (inflation figure) 10.748 %
 

CLICK HERE FOR WORLD INFLATION 

 Summary of current inflation percentage by country or region


 Inflation figure country/region type period monthly basis yearly basis
 CPI Austria Austria cpi august 2013 0.093 % 1.796 %
 CPI Belgium Belgium cpi september 2013 0.057 % 0.888 %
 CPI Brazil Brazil cpi september 2013 0.350 % 5.859 %
 CPI Canada Canada cpi august 2013 0.000 % 1.067 %
 CPI Chile Chile cpi september 2013 0.536 % 1.963 %
 CPI China China cpi august 2013 0.503 % 2.515 %
 CPI Czech Republic Czech Republic cpi august 2013 -0.163 % 1.321 %
 CPI Denmark Denmark cpi september 2013 0.308 % 0.463 %
 CPI Estonia Estonia cpi september 2013 -0.354 % 2.022 %
 CPI Finland Finland cpi august 2013 -0.157 % 1.240 %
 CPI France France cpi august 2013 0.464 % 0.869 %
 CPI Germany Germany cpi august 2013 0.000 % 1.531 %
 CPI Great Britain Great Britain cpi august 2013 0.477 % 2.681 %
 CPI Greece Greece cpi september 2013 2.628 % -1.120 %
 CPI Hungary Hungary cpi september 2013 0.443 % 1.342 %
 CPI Iceland Iceland cpi september 2013 0.302 % 3.881 %
 CPI India India cpi august 2013 0.851 % 10.748 %
 CPI Indonesia Indonesia cpi september 2013 -0.349 % 8.397 %
 CPI Ireland Ireland cpi september 2013 -0.098 % 0.197 %
 CPI Israel Israel cpi august 2013 0.196 % 1.361 %
 CPI Italy Italy cpi september 2013 -0.278 % 0.939 %
 CPI Japan Japan cpi august 2013 0.300 % 0.905 %
 CPI Luxembourg Luxembourg cpi september 2013 0.174 % 1.499 %
 CPI Mexico Mexico cpi september 2013 0.376 % 3.390 %
 CPI Norway Norway cpi september 2013 0.522 % 2.820 %
 CPI Poland Poland cpi august 2013 -0.322 % 1.226 %
 CPI Portugal Portugal cpi september 2013 0.586 % 0.116 %
 CPI Russia Russia cpi august 2013 0.150 % 6.522 %
 CPI Slovakia Slovakia cpi august 2013 -0.122 % 1.358 %
 CPI Slovenia Slovenia cpi august 2013 0.302 % 2.219 %
 CPI South Africa South Africa cpi august 2013 0.385 % 6.435 %
 CPI South Korea South Korea cpi september 2013 0.186 % 0.841 %
 CPI Spain Spain cpi september 2013 -0.187 % 0.342 %
 CPI Sweden Sweden cpi september 2013 0.386 % 0.076 %
 CPI Switzerland Switzerland cpi september 2013 0.301 % -0.055 %
 CPI the Netherlands The Netherlands cpi september 2013 0.330 % 2.400 %
 CPI Turkey Turkey cpi september 2013 0.765 % 7.882 %
 CPI United States United States cpi august 2013 0.120 % 1.518 %
 HICP Austria Austria hicp august 2013 0.229 % 1.983 %
 HICP Belgium Belgium hicp august 2013 1.631 % 1.101 %
 HICP Czech Republic Czech Republic hicp august 2013 -0.164 % 1.246 %
 HICP Denmark Denmark hicp august 2013 0.086 % 0.086 %
 HICP Estonia Estonia hicp august 2013 -0.055 % 3.558 %
 HICP Eurozone Europe hicp august 2013 0.128 % 1.340 %
 HICP Finland Finland hicp august 2013 -0.125 % 2.046 %
 HICP France France hicp august 2013 0.505 % 0.980 %
 HICP Germany Germany hicp august 2013 0.000 % 1.580 %
 HICP Great Britain Great Britain hicp august 2013 0.477 % 2.681 %
 HICP Greece Greece hicp august 2013 -1.685 % -0.974 %
 HICP Hungary Hungary hicp august 2013 -0.055 % 1.563 %
 HICP Iceland Iceland hicp august 2013 -0.182 % 4.753 %
 HICP Ireland Ireland hicp august 2013 0.091 % 0.000 %
 HICP Italy Italy hicp august 2013 0.000 % 1.202 %
 HICP Luxembourg Luxembourg hicp august 2013 1.439 % 1.681 %
 HICP Poland Poland hicp august 2013 -0.238 % 0.884 %
 HICP Portugal Portugal hicp august 2013 -0.676 % 0.164 %
 HICP Slovakia Slovakia hicp august 2013 -0.179 % 1.419 %
 HICP Slovenia Slovenia hicp august 2013 0.226 % 2.234 %
 HICP Spain Spain hicp august 2013 0.249 % 1.634 %
 HICP Sweden Sweden hicp august 2013 0.141 % 0.797 %
 HICP the Netherlands The Netherlands hicp august 2013 -0.222 % 2.795 %
 HICP Turkey Turkey hicp august 2013 -0.048 % 8.019 %





Indian Inflation comparison:


















































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