Define inflation.
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Posted by Raunak Shaw 5 years, 11 months ago
- 2 answers
Yogita Ingle 5 years, 11 months ago
- Inflation is a situation of rising prices in the economy.
- A more exact definition of inflation is a sustained increase in the general price level in an economy. Inflation means an increase in the cost of living as the price of goods and services rise.
- The rate of inflation measures the annual percentage change in the general price level.
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Preet Kaur 5 years, 11 months ago
0Thank You