You can calculate the inflation rate if you know what the CPI is. CPI stands for Consumer Price Index. Once you have the CPI you can use this website calculator to determine the inflation rate. Located here http://inflationdata.com/Inflation/Inflation_Articles/CalculateInflation.asp Remember that if prices go down you can have deflation, or if the economy does not grow at all stagflation. Also,
. it is easy to confuse price inflation with monetary inflation.
