Tag Archives : GDP-Deflator

What do you understand by Inflation?

What do you understand by Inflation?

Posted by on September 25, 2009 · 0 Comment

An increase in general prices for goods and services is referred to as Inflation. If an inflation is to be considered, then the rise in prices must be widespread and occur over an extended time frame. In simple words, reflect changes in the economy as a whole must be reflected by the rise in prices. The value of money is reduced by the inflation. When inflation prevails in an economy, then…

Filed in: World Economy
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