Question

Write a Paragraph on inflation

Answer 1

inflation refers to a situation when there is an increase in the prices of general good and services resulting in the overall decline in the purchasing value of money

Answer 2

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