Even if don't know the definition of the term 'inflation' this phenomenon affects everyone. Because inflation leads to an increase in the price of commodities. Inflation is the decline in the purchasing power of currency. Many circumstances may lead to inflation. Increased production costs result in increased price. This is one cause of inflation. If there is higher demand for a particular product or service and people are ready to buy it for a higher price, this may cause inflation. There are different types of inflation. The classification is based on their speed. They are creeping, walking, galloping, and hyperinflation. Building a stable economy takes several years. Please use the presentation to learn more.

Aparika Sharma

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