is the inflation rate calculated annually or monthly

is the inflation rate calculated annually or monthly

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Answer

• Inflation rate is calculated annually.
  Explanation:

• Inflation rate is the rate at which prices of goods and services rises over a period of one year
• It indicates the change in prices of goods and services in a given year, compared to prices of the same goods in the base year into percentage
• For instance, inflation rate may be used to determine how much prices of goods changed from 2018 to 2019.