In the name of Allah most gracious most merciful, all praise due to the mighty Allah. I would like to share information about inflation rate in our beloved country in 2010. I am pleased to identify what is actually meant by IFLATION RATE. Inflation rate can be defined as a percentage rate of change in price level over time. Inflation rate of a country is valued by the level of increase of a price index in a period of time.
Inflation rate is also influenced our purchasing power. Besides that, it can influence the structure of economy growth of a country. In the simplest word, the higher the inflation rate in our country, the lower the value of currency.
How to solve this problem? Is it necessary to step up the level of individual income or to make a change in economy? Inflation rate is difference a country and another country. Inflation rate will be negative if the general price decreases.
Let’s make a comparison, inflation rate between countries in the world
- Inflation rate in USA is 2.9%
- Inflation rate in Canada is 2.1%
- Inflation rate in Iran is 17%
- Inflation rate in Venezuela (18.7)> the highest in America continent
- Inflation rate in Norway 0.8%
- Inflation rate in Britain is 2.3%
- Inflation rate in Australia >2.3%
- Inflation rate in Afghanistan is 13%
- Inflation rate in Burma 35%
- Inflation rate in Japan 0.1%
- Inflation rate in Zimbabwe 12.563%
- Inflation rate in Guinea 23.4%
- Inflation rate in Burkina Faso -0.2%
- Inflation rate in Nigeria 0.1%
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