Different countries experienced different rates of inflation. This is a global site so you will need to be less insular.
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40 basis points in decimals
100 basis point is 1%, therefore, 1 basis point in 1/100% half a basis point is 0.5/100% (we will divide after adding the two zeros for the (%) and .5/10000 will equal .00005. Half a basis point of 1000,000 USD is equal to 50USD. Half a basis point of 100,000,000 USD is 5000USD and so on....
A piece-rate basis
0.008
.2