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please provide a very detailed explanation on this program

import java.util.Scanner;

public class InflationRateCalculator {
public static void main(String[] args) {
Scanner scanner = new Scanner(System.in);

// Get user's name
System.out.print("Enter your name: ");
String name = scanner.nextLine();

while (true) {
// Display menu options
System.out.println("\nWelcome " + name + ", to the Inflation Rate for Goods and Services Calculator\n");
System.out.println("1. Calculate inflation rate");
System.out.println("2. Exit");
System.out.print("\nEnter your choice: ");

int choice = scanner.nextInt();

if (choice == 1) {
// Get product name
System.out.print("\nEnter product name: ");
scanner.nextLine(); // Consume the newline character left by nextInt()
String productName = scanner.nextLine();

// Get previous year
System.out.print("Enter previous year: ");
int previousYear = scanner.nextInt();

// Get current year
System.out.print("Enter current year: ");
int currentYear = scanner.nextInt();

// Get current CPI data
System.out.print("Enter current price: ");
double currentCpi = scanner.nextDouble();

// Get previous CPI data
System.out.print("Enter previous price: ");
double previousCpi = scanner.nextDouble();

// Calculate inflation rate
double inflationRate = (currentCpi - previousCpi) / previousCpi * 100;

// Round off inflation rate to two decimal places
inflationRate = Math.round(inflationRate * 100.0) / 100.0;

// Display results
System.out.println("\nInflation rate for " + previousYear + "-" + currentYear + " (" + productName + ") is " + inflationRate + "%");
System.out.println("\nThank you, " + name + ", for using our inflation rate calculator!");

// Ask user if they want to calculate again
System.out.print("\nDo you want to calculate again? (Y/N) ");
scanner.nextLine(); // Consume the newline character left by nextDouble()
String calculateAgain = scanner.nextLine();

if (calculateAgain.equalsIgnoreCase("N")) {
break; // Exit loop if user chooses to not calculate again
}
} else if (choice == 2) {
System.out.println("\nThank you for using our inflation rate calculator. Goodbye, " + name + "!");
break; // Exit loop if user chooses to exit
} else {
System.out.println("\nInvalid choice. Please enter 1 or 2.\n");
}
}

scanner.close();
}
}
 
This program is an inflation rate calculator that allows users to calculate the inflation rate for a particular product between two years. The program prompts the user to enter their name, and then presents them with a menu of options to either calculate the inflation rate or exit the program. If the user chooses to calculate the inflation rate, they are prompted to enter the name of the product, the previous year, the current year, the current price, and the previous price.

The program then calculates the inflation rate based on the formula:

inflationRate = (currentCpi - previousCpi) / previousCpi * 100;

where currentCpi is the current price index, previousCpi is the previous price index, and inflationRate is the percentage change in the price index between the two years.

The program rounds off the inflation rate to two decimal places using the Math.round() function, and displays the results to the user. The program then prompts the user if they want to calculate the inflation rate again or exit the program.

The program is written in Java and uses the Scanner class to get input from the user. The Scanner class is used to read input from the console, and the nextLine(), nextInt(), and nextDouble() methods are used to read strings, integers, and doubles respectively. The program also uses if-else statements and a while loop to control the flow of the program and handle user input.
 
This program is an inflation rate calculator that allows users to calculate the inflation rate for a particular product between two years. The program prompts the user to enter their name, and then presents them with a menu of options to either calculate the inflation rate or exit the program. If the user chooses to calculate the inflation rate, they are prompted to enter the name of the product, the previous year, the current year, the current price, and the previous price.

The program then calculates the inflation rate based on the formula:

inflationRate = (currentCpi - previousCpi) / previousCpi * 100;

where currentCpi is the current price index, previousCpi is the previous price index, and inflationRate is the percentage change in the price index between the two years.

The program rounds off the inflation rate to two decimal places using the Math.round() function, and displays the results to the user. The program then prompts the user if they want to calculate the inflation rate again or exit the program.

The program is written in Java and uses the Scanner class to get input from the user. The Scanner class is used to read input from the console, and the nextLine(), nextInt(), and nextDouble() methods are used to read strings, integers, and doubles respectively. The program also uses if-else statements and a while loop to control the flow of the program and handle user input.
explain every line
 
explain every line
Sure! Here's an explanation of each line in the program:

Code:
import java.util.Scanner;

This line imports the Scanner class from the java.util package, which is used to read input from the user.

Code:
public class InflationRateCalculator {

This line defines a public class called InflationRateCalculator.

Code:
    public static void main(String[] args) {
        Scanner scanner = new Scanner(System.in);

This line defines the main method for the program, which is the entry point for executing the program. It also creates a new Scanner object that reads input from the console.

Code:
        System.out.print("Enter your name: ");
        String name = scanner.nextLine();

This line prompts the user to enter their name, and then reads the input entered by the user using the Scanner object and stores it in a String variable called name.

Code:
        while (true) {

This line starts a while loop that will continue running until the user decides to exit the program.

Code:
            System.out.println("\nWelcome " + name + ", to the Inflation Rate for Goods and Services Calculator\n");
            System.out.println("1. Calculate inflation rate");
            System.out.println("2. Exit");
            System.out.print("\nEnter your choice: ");

This line displays a menu of options to the user, including the choice to calculate the inflation rate or exit the program.

Code:
            int choice = scanner.nextInt();

This line reads the user's input for their choice using the Scanner object and stores it in an integer variable called choice.

Code:
            if (choice == 1) {

This line starts an if statement that checks if the user chose to calculate the inflation rate.

Code:
                System.out.print("\nEnter product name: ");
                scanner.nextLine(); // Consume the newline character left by nextInt()
                String productName = scanner.nextLine();

This line prompts the user to enter the name of the product, reads the input entered by the user using the Scanner object, and stores it in a String variable called productName.

Code:
                System.out.print("Enter previous year: ");
                int previousYear = scanner.nextInt();

This line prompts the user to enter the previous year, reads the input entered by the user using the Scanner object, and stores it in an integer variable called previousYear.

Code:
                System.out.print("Enter current year: ");
                int currentYear = scanner.nextInt();

This line prompts the user to enter the current year, reads the input entered by the user using the Scanner object, and stores it in an integer variable called currentYear.

Code:
                System.out.print("Enter current price: ");
                double currentCpi = scanner.nextDouble();

This line prompts the user to enter the current price, reads the input entered by the user using the Scanner object, and stores it in a double variable called currentCpi.

Code:
                System.out.print("Enter previous price: ");
                double previousCpi = scanner.nextDouble();

This line prompts the user to enter the previous price, reads the input entered by the user using the Scanner object, and stores it in a double variable called previousCpi.

Code:
                double inflationRate = (currentCpi - previousCpi) / previousCpi * 100;

                inflationRate = Math.round(inflationRate * 100.0) / 100.0;

These lines calculate the inflation rate using the formula discussed earlier, and then rounds the result to two decimal places using the Math.round() function.

Code:
                System.out.println("\nInflation rate for " + previousYear + "-" + currentYear + " (" + productName + ") is " + inflationRate + "%");
                System.out.println("\nThank you, " + name + ", for using our inflation rate calculator!");

These lines display the calculated inflation rate to the user, along with a thank you message.

Code:
                System.out.print("\nDo you want to calculate again? (Y/N) ");
                scanner.nextLine(); // Consume the newline character left by nextDouble()
                String calculateAgain = scanner.nextLine();

This line prompts the user to enter whether they want to calculate the inflation rate again, reads the input entered by the user using the Scanner object, and stores it in a String variable called calculateAgain.

Code:
                if (calculateAgain.equalsIgnoreCase("N")) {
                    break; // Exit loop if user chooses to not calculate again
                }

This line checks if the user chose not to calculate the inflation rate again, and if so, exits the while loop using the break statement.

Code:
            } else if (choice == 2) {
                System.out.println("\nThank you for using our inflation rate calculator. Goodbye, " + name + "!");
                break; // Exit loop if user chooses to exit
            } else {
                System.out.println("\nInvalid choice. Please enter 1 or 2.\n");
            }
        }

This block of code handles the situation where the user chooses to exit the program or enters an invalid choice.

Code:
        scanner.close();

This line closes the Scanner object used to read input from the console.
 

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