Question

The rate of inflation is increasing day by day ​

Answer 1

U.S. Inflation Rate History and Forecast

Year Inflation Rate YOY Events Affecting Inflation

2015 0.7% Deflation in oil and gas prices

2016 2.1%

2017 2.1% Core inflation rate 1.8%.

2018 1.9% Core rate 1.9 %. The current rate is updated month

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Answer 2

The increasing rate of Inflation  

• Inflation is defined as increasing the price of General commodities, but the value for money gets reduced.
• This is due to the economic turmoil prevailing in the world. The cold war between the US and China, the retaliation tax imposed by the US in other countries are the main reason for Inflation.
• Long term inflation if goes unchecked might turn into poverty at one point of time. Hence it is the responsibility of every Government and the concerned National banks to keep the inflation under its control.

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