What is Inflation?

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Inflation refers to the increase in prices of any goods and services, whether essential such as food, clothing, housing rent, property (apartments, land) prices, transport (cabs, buses, trains), or non-essential such as cosmetics, jewellery, cars, etc.

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Now you know that inflation has a direct impact on the economy of a country.

To learn about Economy, click here.

Citations :

Skillioma (January 26, 2025) What is Inflation?. Retrieved from https://repo.skillioma.com/what-is-inflation/.
"What is Inflation?." Skillioma - January 26, 2025, https://repo.skillioma.com/what-is-inflation/
"What is Inflation?." Skillioma - Accessed January 26, 2025. https://repo.skillioma.com/what-is-inflation/
Skillioma May 14, 2024 What is Inflation?., viewed January 26, 2025,<https://repo.skillioma.com/what-is-inflation/>
Skillioma - What is Inflation?. [Internet]. [Accessed January 26, 2025]. Available from: https://repo.skillioma.com/what-is-inflation/
"What is Inflation?." Skillioma [Online]. Available: https://repo.skillioma.com/what-is-inflation/. [Accessed: January 26, 2025]

Power Words :

  • Inflation
  • Commute
  • Vicious
  • Cascading effect
  • Interest rate
  • Price index
  • Occurrence
  • Soared

 

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