Inflation

Inflation

What is inflation?

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
― Sam Ewing

it is the rate of hike in prices for goods and services over a period of time. Consumer Price Index and the Retail Price Index are the measures used for inflation form the various other measures.  These indexes look on what we are paying to buy goods and services over a time period, even we are buying bread, cinema ticket, vegetables, drinks etc. It monitors everything.

This is a Rate

The inflation is  a rate in %age. if we are paying GBP 11 over the price of GBP 10 to buy a product after a year. It means prices are inflated with 10%. A consolidated data of changes is effected in indexes and which helps to measure an overall change rate. That is Inflation.

Measures to Control Inflation

Inflation effects economy with its influence over deciding the rate of interest, liquidity of money in the market. Governments and banks control the liquidity of the money into economy to increase or decrease the inflation. If there is more liquidity in the market, people will have more money in hand which leads to increase in demand and law of economics says when there is more demand less supply prices increases. This increase will lead to increase the production and people will earn more money. This cycle will lead to increase the Inflation rate and get the economy from the recessions. If inflation is more then banks increase the lending and deposit rate. People discourage to borrow and encouraged to deposit money in banks to earn good interests. It will reduce the liquidity into markets. Then demand is low and as per law prices starts reducing. Which leads to decrease in inflation.

This is one of the measures with helps to manage the inflation trends in future. But this is not the only one there are may other factors effecting the control over the rate of inflation.

Inflation is important for the growth of economy, it has three types

  • Creeping Inflation

    When Prices increased upto 2% in a year.

  • Walking Inflation

    When inflation is between  3-10% a year it is called walking

  • Galloping Inflation

    When it is more than 10% a year.

  • Hyperinflation

    When prices are increase at very high, increase upto 50% in a month. It happened in Germany in the 1920s, and in Zimbabwe in the 2000s.

  • Stagflation

    When economy of a country is not growing but prices are increasing.

  • Core Inflation

    The rate of inflation calculated on all the goods and services except Food and Energy.

  • Deflation

    As the name suggests, it is opposite of the inflation, when prices came down instead of increasing.

  • Wage Inflation

    When wages rise faster than the cost of living. The excess money leads to create more demand.

Inflation plays  very important role in growth of an economy. It should be well managed by the Governments and Core Financial Institutions of the country. It may lead a country to a super power or lead a country to a civil war.

Psychometrics Test – Best replacement for interviews

Psychometrics Test – Best replacement for interviews

Introduction

Interviews, where as expensive and time taking process, Psychometric Test are the Scientific way to get the best match for the requirement. It helps to make a selection criteria. It avoids chances of errors while conducting interviews. Some times candidates who are not efficient, but able to succeed by impress interviewers with their communication skill.

To understand the process here is How to conduct an Interview. Click Here

About Psychometric tests

The psychometric test is designed on basis of many combinations. who tells about the personality, decision making, acceptability, hard working and other relevant terms required for the post. It is cost efficient technique, it saves many hours and time involved in arrangements, communications and after interview results etc. Psychometric test are very common now a days. It is useful at every level of recruitment, even it is lower level management or at higher level management.

Psychometric tests an organisation in following areas :

  • Acquisitions
  • Appraisal
  • Attitude Surveys
  • Change management
  • Coaching
  • Downsizing
  • Emotional Intelligence
  • Individual development
  • Key resource evaluation
  • Recruitment and selection
  • Rehabilitation Coaching
  • Strategic planning
  • Motivational Team Building

With psychometric test it is easy to develop, overcome qualities of the individuals who are recruited to get things done from others.

10 years Corporate Tax Rates up to 2016

10 years Corporate Tax Rates up to 2016

LOCATION 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Afghanistan 0 20 20 20 20 20 20 20 20 20 20
Albania 20 20 10 10 10 10 10 10 15 15 15
Algeria 25 19 23 26
Angola 35 35 35 35 35 35 35 35 35 30 30
Argentina 35 35 35 35 35 35 35 35 35 35 35
Armenia 20 20 20 20 20 20 20 20 20 20 20
Aruba 35 28 28 28 28 28 28 28 28 28 25
Australia 30 30 30 30 30 30 30 30 30 30 30
Austria 25 25 25 25 25 25 25 25 25 25 25
Bahamas 0 0 0 0 0 0 0 0 0 0 0
Bahrain 0 0 0 0 0 0 0 0 0 0 0
Bangladesh 30 30 30 27.5 27.5 27.5 27.5 27.5 27.5 27.5 25
Barbados 25 25 25 25 25 25 25 25 25 25 25
Belarus 24 24 24 24 24 24 18 18 18 18 18
Belgium 33.99 33.99 33.99 33.99 33.99 33.99 33.99 33.99 33.99 33.99 33.99
Bermuda 0 0 0 0 0 0 0 0 0 0 0
Bolivia 25 25 25 25 25 25 25
Bonaire, Saint Eustatius and Saba 0 0 0 0 0
Bosnia and Herzegovina 10 10 10 10 10 10 10 10 10 10 10
Botswana 25 25 25 25 25 22 22 22 22 22 22
Brazil 34 34 34 34 34 34 34 34 34 34 34
Bulgaria 15 10 10 10 10 10 10 10 10 10 10
Cambodia 20 20 20 20 20 20
Cameroon 33
Canada 36.1 36.1 33.5 33 31 28 26 26 26.5 26.5 26.5
Cayman Islands 0 0 0 0 0 0 0 0 0 0 0
Chile 17 17 17 17 17 20 18.5 20 20 22.5 24
China 33 33 25 25 25 25 25 25 25 25 25
Colombia 35 34 33 33 33 33 33 25 25 25 25
Costa Rica 30 30 30 30 30 30 30 30 30 30 30
Croatia 20 20 20 20 20 20 20 20 20 20 20
Curacao 34.5 27.5 27.5 27.5 25 22
Cyprus 10 10 10 10 10 10 10 12.5 12.5 12.5 12.5
Czech Republic 24 24 21 20 19 19 19 19 19 19 19
Denmark 28 25 25 25 25 25 25 25 24.5 23.5 22
Dominican Republic 30 25 25 25 25 29 29 29 28 27 27
Ecuador 25 25 25 25 25 24 23 22 22 22 22
Egypt 20 20 20 20 20 20 25 25 25 22.5 22.5
El Salvador 30 30 30 30 30
Estonia 23 22 21 21 21 21 21 21 21 20 20
Fiji 31 31 31 29 28 28 28 20 20 20 20
Finland 26 26 26 26 26 26 24.5 24.5 20 20 20
France 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.3
Georgia 15 15 15 15
Germany 38.34 38.36 29.51 29.44 29.41 29.37 29.48 29.55 29.58 29.65 29.72
Ghana 25 25 25 25
Gibraltar 35 35 33 27 22 10 10 10 10 10 10
Greece 29 25 25 25 24 20 20 26 26 29 29
Guatemala 31 31 31 31 31 31 31 31 28 25 25
Guernsey 0 0 0 0 0 0 0 0 0 0 0
Honduras 30 30 30 30 25 35 35 35 30 30 30
Hong Kong SAR 17.5 17.5 16.5 16.5 16.5 16.5 16.5 16.5 16.5 16.5 16.5
Hungary 16 16 16 16 19 19 19 19 19 19 19
Iceland 18 18 15 15 18 20 20 20 20 20 20
India 33.66 33.99 33.99 33.99 33.99 32.44 32.45 33.99 33.99 34.61 34.61
Indonesia 30 30 30 28 25 25 25 25 25 25
Iraq 15 15 35 15
Ireland 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5
Isle of Man 0 0 0 0 0 0 0 0 0 0 0
Israel 31 29 27 26 25 24 25 25 26.5 26.5 25
Italy 37.25 37.25 31.4 31.4 31.4 31.4 31.4 31.4 31.4 31.4 31.4
Jamaica 33.33 33.33 33.33 33.33 33.33 33.33 33.33 25 25 25 25
Japan 40.69 40.69 40.69 40.69 40.69 40.69 38.01 38.01 35.64 33.06 32.26
Jersey 0 0 0 0 0 0 0 0 0 0 20
Jordan 25 25 25 25 14 14 14 14 14 20 20
Kazakhstan 30 30 30 20 20 20 20 20 20 20 20
Kenya 30 30 30 30 30
Korea, Republic of 27.5 27.5 27.5 24.2 24.2 22 24.2 24.2 24.2 24.2 24.2
Kuwait 55 55 55 15 15 15 15 15 15 15 15
Latvia 15 15 15 15 15 15 15 15 15 15 15
Lebanon 15 15 15
Libya 40 40 40 40 20 20 20 20 20 20
Liechtenstein 12.5 12.5 12.5 12.5 12.5 12.5
Lithuania 15 15 15 20 15 15 15 15 15 15 15
Luxembourg 29.63 29.63 29.63 28.59 28.59 28.8 28.8 29.22 29.22 29.22 29.22
Macau 12 12 12 12 12 12 12 12 12 12 12
Macedonia 15 12 10 10 10 10 10 10 10 10
Malawi 30 30 30 30 30
Malaysia 28 27 26 25 25 25 25 25 25 25 24
Malta 35 35 35 35 35 35 35 35 35 35 35
Mauritius 25 22.5 15 15 15 15 15 15 15 15 15
Mexico 29 28 28 28 30 30 30 30 30 30 30
Moldova 12
Montenegro 9 9 9 9 9 9 9 9 9 9 9
Morocco 30 30 30 31
Mozambique 32 32 32 32 32 32 32 32 32 32 32
Namibia 34 34 33 33 33 32
Netherlands 29.6 25.5 25.5 25.5 25.5 25 25 25 25 25 25
New Zealand 33 33 30 30 30 28 28 28 28 28 28
Nigeria 30 30 30 30 30 30 30 30 30 30 30
Norway 28 28 28 28 28 28 28 28 27 27 25
Oman 12 12 12 12 12 12 12 12 12 12 12
Pakistan 35 35 35 35 35 35 35 35 34 33 32
Panama 30 30 30 30 27.5 25 25 25 25 25 25
Papua New Guinea 30 30 30 30 30 30 30 30 30 30
Paraguay 10 10 10 10 10 10 10 10 10 10
Peru 30 30 30 30 30 30 30 30 30 28
Philippines 35 35 35 30 30 30 30 30 30 30 30
Poland 19 19 19 19 19 19 19 19 19 19 19
Portugal 27.5 25 25 25 25 25 25 25 23 21 21
Qatar 35 35 35 35 10 10 10 10 10 10
Romania 16 16 16 16 16 16 16 16 16 16 16
Russia 24 24 24 20 20 20 20 20 20 20 20
Samoa 29 27 27 27 27 27 27 27 27 27
Saudi Arabia 20 20 20 20 20 20 20 20 20 20 20
Serbia 10 10 10 10 10 10 10 15 15 15 15
Sierra Leone 30 30 30
Singapore 20 20 18 18 17 17 17 17 17 17 17
Sint Maarten (Dutch part) 34.5 34.5 34.5 34.5 34.5
Slovakia 19 19 19 19 19 19 19 23 22 22 22
Slovenia 25 23 22 21 20 20 18 17 17 17 17
South Africa 36.89 36.89 34.55 34.55 34.55 34.55 34.55 28 28 28 28
Spain 35 32.5 30 30 30 30 30 30 30 28 25
Sri Lanka 32.5 35 35 35 35 28 28 28 28 28 15
St Maarten 24.5 34.5
Sudan 35 30 15 15 15 35 35 35 35 35
Suriname 36 34.5
Sweden 28 28 28 26.3 26.3 26.3 26.3 22 22 22 22
Switzerland 21.3 20.63 19.2 18.96 18.75 18.31 18.06 18.01 17.92 17.92
Syria 35 28 28 28 28 28 28 22 22 22
Taiwan 25 25 25 25 17 17 17 17 17 17 17
Tanzania 30 30 30 30 30 30 30 30
Thailand 30 30 30 30 30 30 23 20 20 20 20
Trinidad and Tobago 25 25 25 25
Tunisia 35 30 30 30 30 30 30 30 25 25 25
Turkey 20 20 20 20 20 20 20 20 20 20 20
Uganda 30 30 30 30 30 30 30 30 30 30 30
Ukraine 25 25 25 25 25 25 21 19 18 18 18
United Arab Emirates 55 55 55 55 55 55 55 55 55 55 55
United Kingdom 30 30 30 28 28 26 24 23 21 20 20
United States 40 40 40 40 40 40 40 40 40 40 40
Uruguay 30 30 25 25 25 25 25 25 25 25 25
Vanuatu 0 0 0 0 0 0 0 0 0 0
Venezuela 34 34 34 34 34 34 34 34 34 34
Vietnam 28 28 28 25 25 25 25 25 22 22
Yemen 35 35 35 35 35 20 20 20 20 20 20
Zambia 35 35 35 35 35 35 35 35 35 35 35
Zimbabwe 30.9 30.9 30.9 30.9 25.75 25.75 25.75 25.75 25.75 25.75 25.75
Africa average 30.82 30.56 28.65 28.75 28.38 28.55 29.02 28.29 27.85 27.92 27.46
Americas average 29.97 29.27 28.84 28.82 28.28 29.28 28.67 28.35 27.96 27.35 27.86
Asia average 28.99 28.46 27.99 25.73 23.96 23.1 22.89 22.05 21.91 22.59 21.97
Europe average 23.7 22.99 21.95 21.64 21.46 20.81 20.42 20.6 19.68 20.12 20.48
Oceania average 30.6 30.2 29.6 29.2 29 28.6 28.6 27 27 27 26
North America average 38.05 38.05 36.75 36.5 35.5 34 33 33 33.25 33.25 33.25
Latin America average 29.07 28.3 27.96 27.96 27.52 28.83 28.3 27.96 27.52 26.85 27.29
EU average 24.83 23.97 23.17 23.11 22.93 22.7 22.51 22.75 21.34 22.25 22.09
OECD average 27.67 27 25.99 25.64 25.7 25.4 25.15 25.32 24.11 24.86 24.85
Global average 27.5 26.95 26.1 25.38 24.69 24.5 24.4 23.71 23.64 23.87 23.63