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Time Value of Money: How to Determine the Value of Money with Respect to Time

Money received today is more valuable than the same amount of money a year from now. It is essential to understand the relation between mone...

Philippine Inflation Rate (1957-2014)

1. Price Increase Per Administration - How much has the prices of goods change within a specific administration. We use a  base price of Php 100 at the beginning of each administration. We then compute how much the prices of  goods has increased at the end of each administration.
2.Purchasing Power - This determines how much the purchasing power of money has reduced each administration. If the purchasing power of money has  reduced to 50% after 10 years, then Php 100 worth of goods purchased 10 years earlier can only purchase Php 50 worth of goods today.

Source: http://data.worldbank.org/