Individual households, managers of business entities and planners of economies monitor the rates of change in prices, that is inflation, either directly or indirectly. A fast increasing inflation rate has the potential of reducing amounts of goods and services that households can afford, reducing the sales and profits of companies, and causing unemployment and reduction in tax revenue for governments, ceteris paribus. Some rental rates and wages are indexed to future inflation rates thus making it imperative that efficient forecasts of inflation be available for these purposes. This book...
Individual households, managers of business entities and planners of economies monitor the rates of change in prices, that is inflation, either direct...