Tuesday, March 13, 2012

What Is Inflation?


Inflation is the rise in the price and values of goods and services overtime in an economy
A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money.

Price Inflation is a result of "monetary inflation". Monetary inflation is a result of government increasing money supply.The result of inflation is price increase and as a result the currency goes above the value of available.





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