top of page

Ever wonder why we can't just print more money?- Inflation

Updated: Jul 3, 2023

The increase in the price of a particular article over a period of time is called inflation. In simple words more the demand higher the prices with our hectic lives in this ever busy metropolitan hub it is important we understand this term and how it works .

Inflation effects our day to day items like vegetables and also higher cost items like cars and furniture.


Inflation effects lower and middle class families to such an extent that the family starts facing financial pressure.

More than our country's development inflation is increasing


If continued in the same way our day to day items would not be affordable


On the brighter side of things inflation increases economy of a country. It strengthens the value of Indian rupee in comparison to euros or dollars


Some facts

1 Venezuela has the highest inflation

2 south Sudan has the lowest inflation

3 India's inflation is currently placed at 7.5%


Inflation has its own pros and cons and can effect difference people in different ways

 
 
 

Comments


©13to19.org

bottom of page