2006-07-29 06:49:30 · 7 answers · asked by omisharma2001 1 in Education & Reference ➔ Homework Help
Its going up.
Its going up again.
2006-07-29 06:52:48 · answer #1 · answered by Anonymous · 0⤊ 1⤋
In broad terminology.....Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole.
It is a Econominc Index to measure the Purchasing Power of an indvidual. Based on various factors or parametrs, this rate wiill fluctuate dynamically.
In simple terms...Average price of Goods and services available in the market and consumer can buy get these with hish available income.
2006-07-29 07:23:29 · answer #2 · answered by JS 1 · 0⤊ 0⤋
The current rate of inflation doesn't seem to be consistent with current salaries.
Inflation is out of control with sky high prices.
She tried to blow up the air mattress; but inflation was slow.
2006-07-29 06:57:11 · answer #3 · answered by riverhawthorne 5 · 0⤊ 0⤋
inflation is the rise in price of goods and services, or Consumer Price Index (CPI), when too much money chases too few goods on the market. Moderate inflation is a result of economic growth. Hyperinflation (rising at rates of 100% or more annually) causes people to lose confidence in their economy and put their money in hard assets such as gold and real estate
2006-07-29 06:54:03 · answer #4 · answered by Prakash 4 · 0⤊ 0⤋
inflation: increase in the overall level of prices over an extended period of time.
exp.: 1. "Wage increases must be in line with inflation."
"Inflation is currently running at 3%."
2006-07-29 09:33:10 · answer #5 · answered by inatuk 4 · 0⤊ 0⤋
inflation occurs when the purchasing power of money goes down.inflation is a result of a decrease in the GDP and increase in the expenses
2006-07-29 06:57:05 · answer #6 · answered by raj 7 · 0⤊ 0⤋
My car gets better gas mileage when my tires are kept at the proper inflation.
2006-07-29 07:21:39 · answer #7 · answered by nothing 6 · 0⤊ 0⤋