Inflation doesn’t in itself reduce people’s real purchasing power” : Discuss

compare and contrast the inflation rate of OECD countries  i.e. germany ,france, australia, italy, belgium, finland, new zealand, mexico, denmark, austria?

Please explain how the Consumer Price Index (CPI) is calculated and critically evaluate its merits as a measure of inflation.

On the way into school you hear the following report on the radio: "inflation for the month of February was 0.4%. Over the year inflation was 2.2%." Which of the following options best explains what these figures mean? Select one: a. Inflation in February was much slower than it was in other months from the past year. b. The prices of household necessities, excluded household luxuries, increased by 2.2%, compared to 12 months ago. c. The prices of the things a typical urban consumer buys, as estimated by the Bureau of Labor Statistics, increased on average 2.2%, compared to 12 months ago. d. The government increased prices by 2.2% over the past year in order to keep pace with production costs.

An unanticipated increase in inflation can a.   reduce the real interest rate earned by lenders.   b. make creditors better off. c. make debtors worse off. d.   make workers who signed contracts at the beginning of the year better off.   e. lead to a higher purchasing power for the currency.

List, and describe, 4 problems that inflation creates. Look at each of these as a separate response. Use examples in description.

Calculating inflation using a simple price index

i need the answer quickly

I only need help with part (C)

"Everyone is hurt by inflation." That statement is:       A.  Correct     B.  Incorrect because a price increase to one person is higher income to another     C.  Incorrect because people buy the same bundle of goods     D.  Incorrect because this statement concerns real income and not nominal income