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http://uprightvideos.blogspot.com/2006/01/mindblowing-shots-from-sachin.html

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Q: Why must we put on our pants one leg at a time?

Answer: If we jumped into our pants simultaneously placing both legs in at One time, we would land heavily on the ground. As a majority of us are Getting dressed at the same time of the morning, the cumulative effect Would Cause an earth tremor. Due to the use of time zones, the tremor established In Eastern Time would arrive in the central zone at precisely the moment all those people were jumping into their pants. The tremor would increase in size exponentially, and proceed west to combine with the mountain zone folks as they get dressed. As this cycle encircles the globe, it would feed upon the next day’s Tremor and eventually cause the earth’s crust to break apart and float into space. This is why we put our pants on one leg at a time.

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In mainstream economics, the word “inflation” refers to a general rise in prices measured against a standard level of purchasing power. Inflation is measured by comparing two sets of goods at two points in time, and computing the increase in cost not reflected by an increase in quality. There are, therefore, many measures of inflation depending on the specific circumstances. The most well known are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole economy.

Commonly used measures of inflation

• Consumer Price Indices (CPIs) which measure the price of a selection of goods purchased by a “typical consumer”.
• Cost-Of-Living Indices (COLA) which often adjust fixed incomes and contractual incomes based on measures of goods and services price changes
• Producer Price Indices (PPIs) which measure the price received by a producer.
• GDP Deflators use an entire economy as the basket of goods and services, rather than some particular subset. The term “deflator” in this case means the percentage to reduce current prices to get the equivalent price in a previous period.

Others are, wholesale price indices, commodity price indices, Purchasing Power Parity and Historical Inflation

Reference: http://en.wikipedia.org/wiki/Inflation

India inflation history: http://www.econstats.com/weo/C075V025.htm

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