Question

The inflation rate has ---- in recent months indicates that the government isn't following a reliable economic policy ​

Answer 1

The inflation rate has gone up in recent months indicates that the government isn't following a reliable economic policy.

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Explanation:

Inflation gives the measure of increase in the cost of goods and services in a country. We can also say that when the value of money goes down, inflation goes up. There are several reasons for the increase in inflation e.g.

• An increase in the production cost and raw material or labor, increases the cost of products.

• An increase in the demand for the products and services also increases inflation. As in recent times, due to the COVID-19 pandemic, there was a high demand for products and services.