Question

Write as much as you know about Inflation rates from finance.

Answer 1

Inflation means the rate of the change in prices of goods and services in an economy due to to higher demand and hire supplies.

When there is change in the value of goods and services in an economy on the upside , it is due to easing monetary policy and taxation relieves as well as higher demand in the hands of the people because they are left with more of the disposable income.

Inflation needs to be control in order to keep an economy into check and it is not always bad because it reflects the generation of demand at elevated levels of money flow in an economy.