Price level a year ago(given inflation rate and current average price level )

Formula

Price level a year ago(given inflation rate and current average price level ) formula
P1
price level a year ago
Ir
inflation rate
P0
current average price level

Formula description

In economics, the inflation rate is a measure of inflation, the rate of increase of a price index. It is the percentage rate of change in price level over time. The rate of decrease in the purchasing power of money is approximately equal.

Calculator (how to use calculator?)

Price level a year ago(given inflation rate and current average price level ) formula
Ir
P0
P1
Precision

Formula code

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References

  1. Wikipedia:Inflation rate.

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