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What is Understanding Inflation Accounting about?

This document discusses inflation accounting and its techniques. It provides examples showing rising prices of goods like milk and real estate from 2000 to 2010 in India, with overall average inflation of over 7% annually for 30 years. Inflation accounting was first suggested in 1936 and aims to incorporate price changes over time into asset, product and raw material costs to provide an accurate representation of current values. Current cost accounting and current purchasing power methods are two key techni

Author

Arun Pandey

Language

EN