Spread the loveThe inflation rate is a critical economic indicator that affects the purchasing power of money, and can help us determine the health of an economy. One of the ways to calculate the inflation rate is by using Gross Domestic Product (GDP) data. This article will guide you through the process of calculating the inflation rate using GDP. 1. Understanding GDP and Inflation: Gross Domestic Product (GDP) refers to the total value of all goods and services produced within a country in a given period, often measured annually or quarterly. Inflation, on the other hand, is an increase in … Continue reading How to Calculate the Inflation Rate using GDP