Beruflich Dokumente
Kultur Dokumente
Milk Prices
Potato Prices
Petrol Prices
Inflation Spiral
2014
Rs 16 per min
Rs 0.5 per minute cost of
cost of out going out going call
call
Rs 6000 One
way Bangalore Mumbai
Rs 40000 cost
of basic model
computer
CII
Year
100 1997-98
109 1998-99
116 1999-00
125 2000-01
133 2001-02
140 2002-03
150 2003-04
161 2004-05
172 2005-06
182 2006-07
199 2007-08
223 2008-09
244 2009-10
259 2010-11
281 2011-12
305 2012-13
CII
Year
331 2013-14
351 2014-15
389
406
426
447
463
480
497
519
551
582
632
711
785
852
CII
939
1024
Sample Problems
1981-82
2005-6
2014-15
100
497
1024
Cost of 1 Lt of Milk
Rs 4
Rs 18
Rs 38
Cost of 1 Lt of
Petrol
Rs 5
Rs 40
Rs 70
Rs 1000
Rs 15000
Rs 60000
Q1. If milk prices were to increase exactly in line with inflation what should be
the cost of milk in 2014 compared to 1981-82?
Q2. Which of the above goods services (Milk, Petrol, School Fees saw
Steepest increased more than inflation between 1981-82 and 2005-06?
Sample Problems
1981-82
2005-6
2014-15
100
497
1024
Cost of 1 Lt of Milk
Rs 4
Rs 18
Rs 38
Cost of 1 Lt of
Petrol
Rs 5
Rs 40
Rs 70
Rs 1000
Rs 15000
Rs 60000
Q1. If milk prices were to increase exactly in line with inflation what should be
the cost of milk in 2014 compared to 1981-82? Ans: (1024/100)*4 = Rs 40.96
Q2. Which of the above goods services (Milk, Petrol, School Fees saw
Steepest increased more than inflation between 1981-82 and 2005-06?
Actual Price of Milk inline with inflation should be : (497/100)*4 = Rs 19.88
Actual Price of Petrol inline with inflation should be : Rs 24.85
Actual Price of School Fees in line with inflation should be : Rs 4970
Hence School Fees and Petrol increased more than inflation
www.imoneyplant.com