Question

Hello my dear rowdy boys and girls

please answer it guys






why are the common people much affected by the inflation



please answer it
it was so urgency

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Answer 1

Answer:

If you are having to increasingly pay more for your groceries at your neighbourhood kirana store or a swanky department store, chances are that you have been hit by inflation.

Measured by the Wholesale Price Increase Index (WPI), inflation indicates the broad-based level of prices of goods and services in an economy. Little wonder then that the figure is crucial to both economists and policy makers.

Ideally, if salaries increased at the same rate as inflation, there would be no hardships. Unfortunately, inflation is not an across-the-board price increase. Prices of different commodities increase at different rates at different times, affecting different sections of the population.