Foreign Experience on Inflation Methodology
“There are doubts on inflation rate even in the US therefore studying of the inflation methodology is always very crucial”- said Gregory Jedrzejczak, World Bank’s Counter Manager for Azerbaijan, in the meeting with inflation research team of Economic Research Center (ERC). It again corroborates the studying of foreign experience on inflation is not only important in developing countries, but also in the developed countries. Consumer price indices (CPI) are seen as one of the key indicators of price changes and are often used as the measure of inflation in each country.