Inflation : Definition, WPI, CPI, Measurement and Causes

Inflation is defined as a situation where there is sustained, unchecked increase in the general price level and a fall in the purchasing power of money. Thus, inflation is a condition of price rise. The reason for price rise can be classified under two main heads : (1) Increase in demand (2) Reduced supply.Inflation explained … Read moreInflation : Definition, WPI, CPI, Measurement and Causes

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