Define Inflation?

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Kumar

Aptitute & IAS exam trainer

Inflation is defined as sustained increase in the general price level of goods and services in an economy/country over a period of time. It is generally depreciation of value of money. It is mainly of two type - Cost Push Inflation & Demand Pull Inflation. Different indices are used to measure - CPI,...
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Inflation is defined as sustained increase in the general price level of goods and services in an economy/country over a period of time. It is generally depreciation of value of money. It is mainly of two type - Cost Push Inflation & Demand Pull Inflation. Different indices are used to measure - CPI, WPI, PPI etc. RBI is main agency in India to control Inflation in coordination with Govt. read less
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