What is Inflation ?

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Harsh kumar srivastava asked 14-Dec-2017 in Business & Finance by Harsh kumar srivastava

What is Inflation ?

1 Answer

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Anonymous User answered 21-Dec-2017 by Anonymous User
The situation or rate of consequently rising of the general level of prices for goods and services and the falling of purchasing power of currency is called the inflation. Central banks like RBI in India try to control inflation, and avoid deflation, in order to keep the economy and market stable.

hope this gives you basic idea about inflation!!!