The boost in prices as intended against a set principle of purchasing power of the population in a nation may be described as Inflation. It is generally calculated with the help of CPIs or Consumer Price Indexes which takes into account the prices of goods purchased by consumers. The prices of the goods purchased are calculated by the GDP deflator.
Inflation forces lots of pressure on people in the world economy today, and this is normally faced by the industrial sector, exports sector and people of fixed income. Inflation has the power of increasing the price of a product for more than 100%. Inflation has made most of the citizens unemployed. There are lots of chaos and confusion in the country due to inflation. I believe something super naturally has to happen to tackle this inflation.
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