PRACTICAL APPLICATION OF THE «RULE OF 70» IN THE PROCESS OF FORECASTING INFLATION

Author(s): Baranov Dmitry Nikitich, Dustova Maria Nikolaevna

Rubric: Economy

DOI: 10.21777/2587-554X-2016-1-15-18

Release: 2016-1 (16)

Pages: 15-18

Keywords: inflation, prices, the inflation rate, products

Annotation: This article examines the methodology of calculating inflation, namely practical application of the method of calculating the period of doubling of the price level also known as the «rule of 70». This tool, like other economic indicators, enhances the effectiveness and speed of analysis and conclusion economic situation in the country

Bibliography: Baranov DM.NI., Dustova MA.NI. PRACTICAL APPLICATION OF THE «RULE OF 70» IN THE PROCESS OF FORECASTING INFLATION // Economics and Management. – 2016. – № 1 (16). – С. 15-18. doi: 10.21777/2587-554X-2016-1-15-18