Modular programming is a software design technique that emphasizes separating the functionality of a program into independent, interchangeable modules, such that each contains everything necessary to execute only one aspect of the desired functionality.
So if the value of the price index for the current year is equal to 165, and last year's value was 150, the rate would be calculated as: Inflation rate = (165 - 150) X100= 10.
How to Calculate Consumer Price Index (CPI) Calculating Consumer Price Index (CPI) involves measuring changes in price levels of a sample of representative goods and services used by the households in an economy over a specific period.