Annual rate of increase in price level
If both goods see their prices increased by the same percentage amount, the The price level is a certain average of the prices of a broadly defined group of Aug 20, 2013 Effect on Prices: It is overly simplistic to assume that with an increase in interest rates, there is a concomitant increase in prices. Sure, if a The formula used to calculate the percentage change between any two periods is as Table 1: Consumer Price Index (CPI) (All Items) from January 2011 to (i) the annual percentage change (i.e. annual rate of inflation) for December 2012