whatis inflation?

[Indhumathi v]

It is generally increase in price, normally expressed as the annual rate of growth in the consumer price index ( CPI) or retail price index (RPI).

[jagadeeshwaran]

An inflation is not a random increase in the general price level while examining the causes of inflaction therefore the necessity is considered for a recent price level over a period of time.

There are three types of inflaction they are:-

1.cost push inflaction.

2.demand pull inflaction

3.monetary inflaction

 

[Hari priya]

Inflation is the rate of increase prices for goods and services.

The inflation rate are expressed as percentage.

[Manikandan]

Inflation means a persistent rise in the price of goods and services.

[lavanya]

As goods & services require more money to purchase, the implicit value of that money falls.

example:

If the inflation rate is 2% then a pack of gum that cost is $1 in a given year will cost $1.02 the next year.

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