---
title: "What is Inflation ?"  
description: "What is Inflation ?"  
author: "Hemant Patel"  
published: 2017-12-14  
canonical: https://answers.mindstick.com/qa/31683/what-is-inflation  
category: "business & finance"  
tags: ["inflation"]  
reading_time: 1 minute  

---

# What is Inflation ?

What is [Inflation](https://www.mindstick.com/news/1887/bank-of-canada-explained-about-higher-the-interest-rates-lower-cost-of-living) ?

## Answers

### Answer by AMANDEEP SINGH

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!!!**


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Original Source: https://answers.mindstick.com/qa/31683/what-is-inflation

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