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A 7. TYPES OF INFLATION There are four main types of inflation with four different causes. 4 0 obj /ProcSet [/PDF /Text /ImageB] Historically, recessions tend to drive prices down, but that's not necessarily true for insurance. endobj /F3 11 0 R /MediaBox [0.0 0.0 392.0 640.0] Enn-Lun Yong . Things you can do to keep up with inflation. D�rB�x��Z6��-�ᜠ�I�~V�XǪ$ݪm�s n��U؎5O%G�0�. <> raising the inflation anchor to 2 percent. ,/�����!�wU_�~삣�"�U]�]���|����fJ�y�?����x�Xt��XX�9_��!8�A�Aŷ�t�=f�O3�vdžrj��g6�S0w�5��d��1�P��ү��i��tL�W�a@Ɨ���B�w.Γ|Χ��ܑ�hr+e�ޗ�H�׹ w�boW�^��vZ��19��� Y��v>Y7i!H�4��0C� �[m�@#ӆ&n�[̪�^}�����h��5��C:VX�����:/�JW|��aW�Ds��� �?LD&���Pu���zi�x��Tq��cZ @F�Ä�E���$s}���g�D���Һ��(�e�]"Q�er��o*H^��K�B�H�Z��_��֎���7�x"nIZ��.���eBvͨ�v�Z�#��� J����H�gZ�I� ���b�'�2� 0� mRP�'�L)�B�Tĉ}0)wjj����� �s�9I����禭�y�6K15��W��oMH_�:ݜ���4XG�W0�DP�b,��4t(6K- endobj Except for 1949, 1955, and 2009, the prices of goods and services have, on average, risen each year since 1945. In December 2018, rice remains the top driver of inflation, although to a much lesser extent compared to its peak. (S9i�2�Cw4�g_z1#}؞�4&m��p�w(��Vĥ����E��z�@W�c¾�wt��`��]�?��5�3�����vTc�v������RوW Furthermore, inflation itself may also cause future inflation. 48. The goal of inflation-linked bonds is to ensure purchasing power by directly linking returns to inflation for the bond’s entire term. �of�7�P "1��Z!�8�y�8��=i�qD�;F4�����E}�#�/g �$�x���x�{�`�����5��� �K���1��w�CJ8�B�$� ARH�)���B��&�iW�T���q�/i5h���P�r�㑻nR���� M74�^ 1 0 obj Striking the Balance between Growth and Inflation in India ∗ (Presentation by Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India at the US-India Economic and Financial Partnership: CII and Brookings Institution, Washington DC, 27 June 2011) I. /F10 16 0 R x��\�r�6����v�*fp#@�:3�L�6����>�e1�H���u~$�� �n� ABS���!����Ӎ�q�s�PF6�?)HB2����s{��}_�(�|h����{x�����z��g�|��DJ�I%K���qg�=������?��D6�����tz'j����o��e�W�?6�����o��珏q'�;%r��/�S�z��?ӄ���D&������Į�93+�����T��Ǩ+�4ɵ0yƒL�p%�݄���x�~f�R�=&�o6e�o���.���9�W�j��O�]J�Q����/�pqҒv�Ks����ƽS{��W���*#V����uFR+��`�����4�v��l\���n͌y��˧л�AF�Y��ק���~y���o�_����w�[eV����oe�f"G�H7�sG&�_i�U$�nqG�͔XD��P-z�#�h��[��?ˌ��Z1���ՠ4��;�T�Nw͟���H����찺z)�nV�z=��qe��R���>�V4NG�l�ɬ5���9�glѨ�)S�Z����KS{����m. This presentation by Triple-I Chief Economist Dr. Steven Weisbart looks at insurance prices and the forces that affect them. �my!��#`E�-�GA���UApG�d�p{�%�p�-�=�� �G� +�-A#�C�V tΞk���z��$�O~Y�9jg����Bs���uV9.S�$_ϩLy�ci�Dx'Ƙ���W�F�e��9� �҉K��>�3��-�2���! C O N S U M E R P I C E I N D E 0.7 % X U. The term inflation is usually used to indicate a rise in the general price level , though one can speak of inflationary movements in any single price or group of prices. <>/Pattern<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> In November of 2008, Zimbabwe had an inflation rate of 79.6 billion percent. G. Ackley defined inflation as ‘a persistent and appreciable rise in the general level or average of prices’.In other words, inflation is a state of … <>>> Presentation on Inflation Presented by: Navjot Bhogal 11010752 2. The question shouldn’t be whether inflation is rising, but whether it’s rising at a quicker pace than your wages, if the answer is a Yes only then inflation is problematic. % ppt. /Filter /FlateDecode This type of inflation leads to a demand-supply gap (i.e., a shortage), which results in an increase in price (see also the law of supply and demand). Academia.edu is a platform for academics to share research papers. >> 2 0 obj �A� ��9T���e���d�� �s(�~B��T�)�8�rSf{Z}[=]�+NCs�E@}17!D��:Ua*B��MWgԞF�fx�D�[=�,i��/������mP��a���L+ l2b�l�o�.���kLQ;�����I��Y��/�mm/�8� �[L���j겟�/o�!Dq��E�����Z�t$%m)�6���dT�j�!�tU�o)��x,��]i0���ld3^1YS���'8�r���t�Fif�wC �$h�=�9=�q ×����|eto�ʺ0ek�Cr������7̀�! ��8ȒC6�*�t�$8M�,k�. Our emphasis here is on diagnosis of the causes of inflation and a description of the effects of inflation, not on specific policy recommendations to end inflation. ����/!�0��z>w��b ï¿¿NNT: 2014ORLE0503ï¿¿. << The most important inflation is called demand-pull or excess demand inflation. $ 2 57. /F6 8 0 R ���:�s�����ؓ� %���� Scribd is the … /Contents 4 0 R Indices are unmanaged and cannot be purchased directly by investors. Types of Inflation from the quantitative point of view Creeping inflation the rate of inflation doesn’t exceed the rate of production growth, Creeping inflation is < 10% Galloping inflation the rate of inflation exceeds the rate of production growth, Galloping inflation is from 10% to 100%. /Font <> Standard errors in parentheses: * p < 0.1, ** p < 0.05, *** p < 0.01 191 SYNOPSIS Introduction Definition Types of Inflation Causes of Inflation Effects of Inflation How is Inflation Measured Consequences of Inflation Measures Of Inflation 4. However, the aggregate s… /F8 6 0 R endobj >> Moderate Inflation: The moderate inflation, also called as Creeping Inflation refers to a single digit annual increase in the general price level. Many of us have views on what to do The central bank has the power to make the money supply larger or /F2 12 0 R Contents• Introduction• Definitions• Causes of inflation• Effects of inflation• Types of inflation• Inflation rate• Controlling inflation• Conclusion 3. Macroeconomics Monetary Theory of Inflation Exogenous Money Supply The money supply is exogenous, set by the central bank. endobj The United Kingdom, for instance, is found to have inflation effect spreading to real economy . Economics and Finance. Mt PliF kMonetary Policy Frameworks This training material is the property of the International Monetary Fund … The automatic tire inflation system efficiently increases tire life, vehicle performance, and safety. ... All markets clear in our economy andwe assume that domestic monetary policy follows a simple Taylor rule, allowingfor both interest-rate smoothing and a response to expected domestic inflation. >> Inflation Presentation Transcript: 1.Inflation 2.Sub topics Meaning Features with examples Degree of inflation Causes –demand and supply side Effects Measures-monetary and fiscal measures 3.Meaning a sustained increase in the general price level leading to a fall in the purchasing power or value of money endobj Money loose purchase power, people hold as little money as possible. x���Mo�@����hGb�����H !UHS�U�����C�}�_� ��| �./������ Université d’Orléans, 2014. )H�%%AM�l�\�JƤ:%�N���b�C�H��W&���U�mV�|��7��n5Veg����v -1.0. The effects of inflation on economic growth and on its macroeconomic deter-minants. Inflation and reflect a dozen diverse views on one of the nation's central economic problems. stream /F9 5 0 R /Length 3680 /Type /Page << The inflation rate is one of several key indicators of business-cycle instability and the overall health of the macroeconomy, with primary focus on tracking the goal of price stability. Inflation refers to an increase in the price level that is sustained over a significant period of time. >> Automatic Tire Inflation System Market - The automatic tire inflation system market is estimated to be USD 891.6 million in 2018 and is projected to reach USD 1,606.8 million by 2025, at a CAGR of 8.78%. ppt5 10 15 20. /F7 7 0 R estimates suggest that grade inflation has a positive effect on graduation rates and a negative effect on switching out of the c ollege to which the student was originally admitted. <> The theoretical survey in this research work yielded a six-blocked schematization of origins of inflation; monetary shocks, Demand side, supply-side (or real) shocks, structural and This paper, mainly attempts to review and analyze the competing and complementary theories of inflation. Types of Inflation . of inflation. 'h�A(�m�CC᭏DPk�i�(q����ۦnN>~��0����B�x:�'_�(��11~�_omk��*m()O�C�ͣ��#zg?L"Z �S0 A�ȕS2�~��x�������i��sdy�jc��v��@�-.��pC!i�!b N�l$�����雉�{c�3���ӻ�۶�9���Tq�1�PY,2��Ī����m0��~"Q��z�՗�w �r�ٵ�?M�X� ,Kp�gݹ�V������}n����b͑i3�\$r9-�f�6-l5 �Ne���� �Vv�A>��[��W��h�/k�U(�>�9qHr�}�ГJ��,���v�> ��v�C����-��~���{�,��܇�׃FAMY�Q r�����49:gl�-Ʃ�O��8v��`�,"�%��5%�c��t� /F11 14 0 R The previous Governor of the Central Bank of Nigeria (CBN) had intended to introduce the N5,000.00 currency bill into the Nigerian economy and claimed that such currency bill would help it … /Resources 3 0 R 3 0 obj To illustrate this, we can look at a simple supply and demand diagram. Z)E��d *��(C���T�������M -�KPk����7m�,ˣ��,��@9�F��_���C�گ)����1i!� ���p���[g{ޱt,�n�N�*-V���K����@�kh�*�|=P^$�I�� ���og�#�)V0��a0 %PDF-1.3 << <> less than 10% or a single digit inflation rate. Inflation Presentation - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. Inflation ppt 1. Outline I. CtlB kObjtiCentral Bank Objectives II. /F0 15 0 R endobj Demand-pull inflation occurs when the overall demand for goods or services increases faster than the production capacity of the economy. A mild inflation is generally considered a necessary condition of economic growth. /F1 13 0 R >> Types of Inflation: On the Basis of Rate. The word ((inflation" is most emphatically no exception. Economic terms, however, are never quite precise, nor is the use of words entirely uniform and consistent. /F5 9 0 R INFLATION- ADJUSTED COST Gallon of Gas 1950 $4 $3 $2 $1 $0 TODAY $ 2. GROUP MEMBERS• Sumit Pachauri• Karishma Singh• Sumit SaxenaMangalayatan University (I.B.M Department) 3. DOWNLOAD TO PDF; Measuring and forecasting inflation is important in setting premiums and anticipating claims. /Rotate 0 ppt. represented by the U.S. dollar spot price of one troy ounce, Inflation is represented by the Consumer Price Index. Index performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. stream Its contribution to inflation decreased to 0.6 ppt in December from a full 1 ppt in October. Under creeping inflation, the price level rises up to a rate of 2 percent per annum. Inflation. • High and/or volatile inflation hampers economic growth, and generates volatility in the ER. Inflation is all about prices going up, but for healthy economy wages should be rising as well. Finally, inflation is a sign that an economy is growing. stream As you can see in the illustration below, an increase in demand causes the aggregate supply curve (AD) to shift to the left (i.e., up). Linkers therefore contain two forms of payment: the real interest that is fixed at the beginning of the term, and compensation for the loss of pur-chasing power. endstream Inflation may be defined as ‘a sustained upward trend in the general level of prices’ and not the price of only one or two goods. S . The ... PowerPoint Presentation: The Outlook for US Inflation and Monetary Policy 5 0 obj INFLATION 2. Moderate Inflation: When the rate of inflation is very low, say in the range of 1% to 20%, it is moderate inflation. Uganda was one of the faster growing economies in Africa with sustained growth averaging 7.8 % since 2000 with the annual inflation rate decreasing 6 0 obj English. Innovation, Tourism Demand and Inflation: Evidence from 14 European Countries . /Parent 2 0 R This occurred in Germany between 1921 and 1928, and more recently in Zimbabwe between 2008 and 2009. 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