Inflation
Answer the questions below for a country of your choice. Include the question numbers below in you response. Use my example as a guide.
- What is the country?
- What was the country's inflation rate in 2005?
- What is the source of your information?
- Why do you think this occured?
- Country:
- Inflation Rate: 2.6%
- Source: http://www.isa-world.com/reports_forecasts/economic_forecast.pdf
- Reason: The rate is normal for a healthy and controlled growing economy. However, during my research, I discover that during the mid-1990’s they had political and economic instability that resulted in an inflation rate that varied between 45% and -29.2%. Wow!
posted by Mr. Turton at 3/30/2006 09:03:00 PM
12 Comments:
Country: Spain
Inflation rate in 2005: 3.2%
Source: http://www.photius.com/
This is normal for Spain. However, earlier, in the early 1990’s, the inflation rate was around 2.6% which is also within normal limits. Spain has been staying pretty “cool” for the past ten to fifteen years.
Country:Peru
Inflation rate: 2005 2.2%
Source:http://www.isa-world.com/reports_forecasts/economic_forecast
This is a normal rate for Peru. However in the early 1990's, Peru had a high inflation rate in which 48.6% was its highest in 1993.
Country: Italy
Inflation rate in 2005: 2.30%
Source: http://www.photius.com/
Reason: This rate is relatively accurate for a healthy growing economy. However in the early 1900’s the inflation rate in Italy was 3%. Overall for Italy they have done pretty well over the years.
1. Country: Guyana
2. Inflation rate in 2005: 5.6%
3. Source: http://www.isa-world.com/reports_forecasts/economic_forecast.pdf
4. Reason: This inflation rate is normal for Guyana. It has remianed around the same for the past couple of years. 1993-1995 the inflation rate was abnormally high, and it has been around the same since then.
1 Mexico
2 inflation rate 21%
3 Bloomberg.com
4 I think this occured because everything is going up in orice for government.
1. Country- Brazil
2. Inflation Rate: 3.8% in 2006
3. Source: http://www.isa-world.com/reports_forecasts/economic_forecast.pdf
4. Reason: This is a bit low for Brazil. Its normal rate is 4.9%.
This is reasonable compared to 1990 when it was 2111.4!!!
Country: Mexico
Inflation rate in 2005: 8.4%
Source: http://www.isa-world.com/reports_forecasts/economic_forecast.pdf
This is normal for Mexico. its inflation rate of 8.4% is one of the highest. Also its growth rate is 2.4%.
Country: Russia
Inflation rate in 2005: 11%
Source: http://www.indexmundi.com/russia/inflation_rate_(consumer_prices).html
This has been the lowest inflation rate within the last 5 years. 1999 the inflation rate was 86%.
Country:Brazil
Inflation rate 05: 4.9%
Source:http://www.isa-world.com/reports_forecasts/economic_forecast
Reason:In recent years the american dollars cost in brazil has changed and there president has passed a new bill affecting bankruptcy laws
Country: Turket
Inflation Rate: 2005- 7.7%
Source-http://www.factmonster.com/ipka/A0108054.html
High inflation gives an incentive to switch from domestic to foreign currencies as a store of value, which is called currency substitution
This is high for turkey
Source^http://www.tcmb.gov.tr/yeni/evds/konusma/ing/1997/FUTURED.html
Country: France
Inflation Rate in 2004: 2.3%
Source:http://www.indexmundi.com/g/g.aspx?c=fr&v=71
that is the normal inflation rate in France
Country- France
2004-2.3%
Frances grwoing economy and country is the cause for this inflation.
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