This six minute video gave me a far better understanding of CPI and inflation rate than my professor's 45 minute one. Thank you!

@paulg.3475

3 жыл бұрын

my inflation rate in 2018 is 24.8 but in the video the answer is 10.25?

@ottery2242

3 жыл бұрын

Facts bro teachers should put or share this kind of videos to student instead of them talking for 45 minutes

@Jethraya

3 жыл бұрын

All best your mind works faster when you are having exams next day 😂😂

@domondonalyssamayp.3460

2 жыл бұрын

I agreeeeee 🥰🤍

@sushil5138

2 жыл бұрын

@@paulg.3475 ...m L

Thanks for this course l really get something about CPI and inflation rate watching this video is more than spending 10 hours with lecturer

I was literally crying trying to figure out how to do this, it's not as complicated as I thought it was; many thanks for the clear and concise explanation!

@EconomicsinManyLessons

2 жыл бұрын

I am glad the video helped!

I love this style of presentation - very simple, shows all the relevant math, no extra monologue - which makes for "easy to remember", many thanks!

Thank you so much for your concise video. I have watched six hours of lectures from my professor to understand this exact same concept. I could not have done it without you.

@EconomicsinManyLessons

Жыл бұрын

That is great news to hear! Thanks for watching!

Finally I got clearity of my concepts in some extent. Thank you

Thank you so much for your video. I was freaking out thinking I did my calculations wrong and watching this just instilled some confidence in myself.

@EconomicsinManyLessons

2 жыл бұрын

That is good to hear. Thank you for watching!

This video is extremely helpful in understanding CPI and inflation rate.

Just amazing,, I Have understood clearly. From Bangladesh as a student of Economics. Thanks a lot for giving easy solution of CPI.

This explanation is very simple and easy to understand,thanks very much.I fully understand it now.

This was extremely helpful, thank you!

THIS VIDEO WAS TRULLY HELPFUL THANK

thanks for super clean, simple and easiest way to teach us

wow this is the best cpi explanation i've watch easy to understand i subscribed already

thank you and thats a nice video it really helped alot... i hope you guys can make more of this type of videos on different topics with examples

Best one for understanding CPI math ❤🇧🇩

I only came here to find an answer to the question "does quantity matter in later years when calculating CPI?". Got it answered quickly!

best explanation on youtube. thank you!

this was very helpfull, you made it easier for me in 6 minutes

Thanks that helped it was very clear and easy to understand.

By far the best video explaining how to calculate inflation 🔥👏

@EconomicsinManyLessons

Жыл бұрын

Thank you for that!

Thank you! For some reason it's some big freakin secret that I have to figure out on my own in my macro course.

Awesomeness this is called good teaching 🎉

Thank you so much! I now understand something that always confused me.

Thank you for this very clear explanation

Thankyou so much sir ....Lots of love from BHARAT (INDIA)🎉

I appreciate the details. Thank you. ^^

Thank you so much for your concise video

Thank you very much , that was so helpful !!

Thank you, it's so clear

You doing great man.

Thank you for a very wonderful lesson!

thnK YOU VERY MUCH FOR THIS CONTENT

So helpful, thanks.

Thank you for making this video. :)

Explained better than my professor. Thank you!

@ediot.1012

3 жыл бұрын

For real,

Thanks, heading for exams tomorrow, this has been great 👌

The best soo far🙌

Thank you so much ✌🏼💯

Exactly what needed thanks!

@EconomicsinManyLessons

2 жыл бұрын

You are welcome!

Best explanation I love that 👍

You're a lifesaver 😊

Thanks alot this has been helpful

This is a very helping video

Very helpful, wow😮😊

thank you sir. this video is help full.

@EconomicsinManyLessons

3 жыл бұрын

You are very welcome!

Thank you so much

very easily explained and helpful!

very clear video sir.

@EconomicsinManyLessons

9 ай бұрын

Thank you for the feedback!

Im drinking coffee at campus 20 mins till my midterm and I think I’m going to repeat this course. Yolo

@user-sf4jp8zx9c

4 ай бұрын

Whuch college are you in

very helpful

Thank you so much for this!!! I am doing an assignment on CENGAGE and the pages didn't really explain the formulas to the questions I would get. This really helped me, thank you!

thanks bro!

Your the best 😭🙌🏼🙌🏼🙌🏼

@EconomicsinManyLessons

9 ай бұрын

Thank you so much!

Thank you❤️

Thanks alot I'm having exam on Monday

Thank you

Best video on this topic online!

thank you

But what if the quantities do change? Will you go about it the same way?

thank you for good video i hope you will make more video for everyone that watch

i have a question : why not calculate the yearly inflation rate based on mark basket instead calculate the the yearly inflation rate based on CPI just wondering would that give us a different result?

I check on Bureau of Labor Statistics website.. the CPI is calculated monthly.. the last is September 2023. How to calculate the CPI for year 2023 compared to 2022...? Do I need to take the everage of ech month ? total CPI each month / 12 month? thanks

what if we are given a table with different quantities for each year? Does the process change, or is it the same?

What lucid and detailed explanation. Hello sir this is Nilesh pandey greetings from india (Mumbai) I was randomly scrolling videos and i found your channel. This is my frist video i have watched on your channel. Currently i am studying Final year of my graduation in economics and i am interested in learning mathematical economics. So it's request that could you please suggest some books for readings that would enhance my understanding of mathematical concept of economics. I will be really thankful to you if you response. 11/11/2023 Saturday 07:51AM

How's base year in cpi & inflation rate is different

good vid

What i don’t understand is that they do this for each month compared to same month last year. So in January might be 15% and December 5%. Does that mean the inflation for this year was 5% or is it the average for all months from january to december . Example for 2 months… (15+5)/2 = 10.

Correct me if i am wrong, don't you think we don't need to multiply with 100 for CPI calculations? even though it gives same answer for Inflation rate

thanks you

We hard very hard way for CPI computation.awesome the problem solved

Easier to understand. Thanks man!

Very clear to understand.

hell yea ! understood in less than 10 mins

@altafkhattak2

3 жыл бұрын

Same here

Very helpful, thank you

how we measure inflation when we have CPI that thier base years are different?

This was really helpful

THANKS

how do choose a year as the base year

i have to do this shit for my law school entrance exam (I hate my eastern euro country so much) thank you man

Is the quantity what they call relative importance?

Thanks a lot sirr

Thank you Sir,

Good work

Is the CPI growth the same thing as the CPI

Thank you so much!!! You the uce!!! LOOOOLLLL

extremely useful...great explanation

what about annualised rate of inflation?

Sir if they did give year in equation

Thank you!!

how to calculate sensitive price index

very very helpful

you did good but your voice sound is low. Thank you

Hello if i have different quantities for the years, do i still calculate it the same way?

@keitumetsemokhaneli2492

3 жыл бұрын

I also wanna know

@khadijatasveeb9818

3 жыл бұрын

I have the same question...

So the inflation rate is the change in CPI from year to year? Inflation rate is calculated using yearly CPI?

@EconomicsinManyLessons

2 жыл бұрын

The annual inflation rate is the PERCENTAGE change in the CPI from one year to the next.

Makes sense

What if the quantity is not fixed for all years?

I am so thankful..

hi is there any difference if i were to use 2018 as my base year and work backwards?

this was a great video no hat