what is inflation ,how inflation occurs
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Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time. ... Often expressed as a percentage, inflation indicates a decrease in the purchasing power of a nation's currency.
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Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods nd services in an economy increases over a period of time.
It can occur when prices rise due to increase in production costs,such as raw materials and wages.
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